Skilled Nursing News March 18, 2024
As so many in the nursing home space focus on Medicaid reimbursement, others are taking a closer look at improving rate setting methodology and how it can be optimized for facilities.
Medicaid rates are in part influenced by fair rental value, which is determined after experienced housing experts perform an in-depth market valuation on the rental value of a property.
According to Pete Van Runkle, executive director at the Ohio Health Care Association (OHCA), it’s a way for nursing home operators to be rewarded for upkeep to a building or newer builds with a higher Medicaid reimbursement rate.
But the use of fair rental value to influence Medicaid rates varies in how it’s applied across states, if it’s even used...
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