Skilled Nursing News October 18, 2024
A new study on Medicaid payment rates from 44 states shows Medicaid payment rates among nursing homes on average don’t adequately cover today’s costs.
Meanwhile, higher staffing levels often correlate with lower Medicaid payment-to-cost ratios. And, nonprofits appear to have the lowest payment-to-cost ratio for Medicaid.
Medicaid rates only covered bout 82 cents per every dollar of reported cost, with Medicaid per diem payments covering 80% or less of an operator’s estimated per diem Medicaid costs, according to a study published by the Office of the Assistant Secretary for Planning and Evaluation (ASPE), which advises the Department of Health & Human Services (HHS) on policy development in health, disability, human services, data and science.
“This study is unique because unlike...
Today's Sponsors
Today's Sponsor