Back in March, NIC reported a record-low occupancy figure of 81.6% for the first quarter of 2018; the data generally cannot be compared release to release due to changes in the exact groupings of facilities that submit data to NIC.
The Next Generation Accountable Care Organization (ACO) Model netted Medicare about $62 million in net savings in its first year of operations — and cutting spending in skilled nursing facilities was a key driver for the decrease.
Using an after-hours telemedicine platform, a Brooklyn-based skilled nursing facility treated more patients on-site, reduced costly hospital transports and cut its Medicare expenses by more than $1.5 million in one year.
If there’s been one recurring theme in the skilled nursing industry over the last few years, it’s distress, with dropping national occupancy stats and new payment models changing the way providers deliver post-acute care.
The research focused on 22 hospitals that participated in lower joint replacement episodes within the Bundled Payments for Care Improvement (BPCI) program and the Comprehensive Care for Joint Replacement model.
Greystone is joining forces with senior living developer and operator Lake Gibson Village to meet a community need for effective post-acute care services for its residents within their continuum of care.