Skilled Nursing News April 19, 2024
While Medicare Advantage (MA) has grown steadily in the last several years, leaders in the nursing home sector speculate whether increased federal regulation – and perhaps even more importantly, changes in the consumer experience – will slow its growth. This would come as a welcome development to many nursing home leaders, who have been struggling with the lower payment rates and steep administrative burdens posed by Medicare Advantage.
Managed care plans are still doing what they must to be competitive and offer compelling benefits – although many are protesting CMS’ 2025 benchmark rate increase as a “de facto cut.” Open enrollment in 2023 for 2024 was still strong, ATI Advisory’s Fred Bentley said, so slowed growth may look more like...
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