Skilled Nursing News August 10, 2023
The skilled nursing sector is under increasing pain due to the growth of Medicare Advantage, with the industry losing hundreds of millions of dollars while operators also are contending with a host of operational burdens.
This was a message delivered repeatedly Wednesday at the “Roaring Reimbursement” conference held by Zimmet Healthcare Services Group (ZHSG) in Connecticut.
“It’s painful — it’s getting worse,” ZHSG President Marc Zimmet said during the event’s keynote, referring to Medicare Advantage.
The pain is deepening as the growth of fee-for-service (FFS) Medicare has stalled and contracted amid an acceleration in MA enrollment, Zimmet said. In addition to reimbursing providers at lower rates than FFS, Medicare Advantage is associated with lower length of stay (LOS) and more...
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