Skilled Nursing News October 3, 2023
As nursing home organizations adjust to a changing environment of reimbursement, Medicare Advantage Institutional Special Needs Plans (I-SNPs) are undergoing rapid growth, with operators pursuing distinct strategies meant to realize financial and operational gains.
The benefits of an I-SNP can range from more control over quality, happier clinical staff, reduced administrative burdens, improved compensation and census, among other gains, according to nursing home executives who spoke Monday at the annual conference of the American Health Care Association/National Center for Assisted Living (AHCA/NCAL), being held in Denver.
Models based on partnerships
The first I-SNP participation model requires a nursing home organization to become an insurance company as well. The second requires partnerships of different degrees with an insurance provider, which will...
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