In the face of the changing payment landscape, skilled nursing providers can’t afford to put off data collection.
In fact, there’s a lot of information gathering they must be doing now to adapt to value-based payments, Bundled Payments for Care Improvement (BPCI), the rise of Medicare Advantage (MA), and a host of other changes, Leah Killian-Smith, director of quality and government services at long-term care consulting firm Pathway Health Services, said Tuesday in a session at the annual LeadingAge Illinois conference, according to Skilled Nursing News.
“Whether you’re a standalone facility… or you’re a big organization that has an electronic dashboard, we all need data to do our jobs correctly” Killian-Smith said at the event, held in Schaumburg, Ill.
Multiple factors are driving changes in the long-term care arena, including rising costs, a lack of data, an increased emphasis on care coordination, and ramped-up regulations and expectations, Killian-Smith explained.
Nursing homes now have to focus on the continuum of care, she said, in addition to caring for hospital-level patients — with essentially the same staff skill level that they had for the custodial care model two decades ago.
“Now is the time that we actually do have to step up and pay attention, because if we don’t, there will be financial ramifications for the decisions that that we will be [making],” she explained.
For more on the importance of data for skilled nursing facilities, read the full story at Skilled Nursing News.