Skilled Nursing News August 21, 2024
Growth of managed care has deepened reimbursement challenges for Covenant Living Communities and Services, much like for many providers in the nursing home sector. However, a centralized intake model launched three years ago and certain contract negotiation strategies have enabled efficient revenue cycle management.
With an extensive network of communities spread across many states, the organization’s diverse footprint presents a complicating factor in the midst of this rise in managed care. Currently, Covenant has more residents overall using managed care than Medicare, executives said, with its facilities in Florida and Minnesota leaning more heavily on managed care for reimbursement compared to other regions.
“It presents a lot of opportunities for each one of us dealing with all of these different...
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