The U.S. Government Accountability Office (GAO) concluded an investigation into Centers for Medicare & Medicaid Services (CMS) data on nursing homes, staffing practices, and financial performance by recommending that CMS make such data more easily accessible by the public and ensure the data’s validity. The agency’s report underscores the need for more and better financial skilled nursing data in the industry.
The push toward value-based purchasing by the Centers for Medicare and Medicaid (CMS) means significant changes for operators, said Ray Thivierge, a well-known and respected skilled nursing industry leader. He moderated “The Ever-Changing World of Skilled Nursing: The Impact of CMS Initiatives,” a session at the 2016 NIC Fall Conference in September.
With so much uncertainty about the changing health care payment and delivery system, can operators create new successful business strategies that attract investment, or is that just a dream on the far side of the rainbow?
On September 24, the Centers for Medicare and Medicaid (CMS) released a final rule that increases regulations on nursing homes that care for Medicare and Medicaid residents, as the vast majority of skilled nursing providers do. One of the regulations—the “headline” for many in the media—is the prohibition of arbitration clauses in new resident contracts.
In July 2015, Rep. Kevin Brady (R-TX), the House Committee on Ways and Means Chairman, introduced a measure called the Medicare Post-Acute Care Value-Based Purchasing Act of 2015. Since that time, the bill has been under committee consideration, but just over a year later, the buzz around Washington indicates that the bill may come out of committee for a vote.