Medicare is changing the way skilled nursing operators are paid, effective October 2019. The new Patient-Driven Payment Model (PDPM) system replaces Resource Utilization Groups (RUGs) and will dramatically shift predictors of financial success, while raising new compliance concerns as operators change their business strategies to adapt. Skilled nursing investors, as well as owners, operators, and care/service providers will not want…
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Helping the seniors housing and care industry provide America’s elders with a variety of appropriate options is part of NIC’s mission. In this era of innovation, in which technology is quickly advancing, payment models are shifting, and a new generation of consumers is driving change, NIC encourages industry decision-makers to stay aware of what’s new and upcoming as they develop…
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The Honorable Mike Leavitt Shares His Insights at 2016 NIC Fall Conference
After being sworn in as Health and Human Services Secretary under President George W. Bush, three-time Utah Governor Mike Leavitt was taken to an undisclosed location by “very serious men in black cars” to learn his duties of being in the line of succession to the presidency. One…
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Over the past 55 years, the skilled nursing industry has undergone transformation. Today, it continues to evolve, bolstered by demand for more specialized and medically complex services and a payment system that continues to change.
The modern skilled nursing industry began in 1965 when Medicare and Medicaid programs were enacted. The industry saw significant growth in the following decades. Until…
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