Amid a landscape of changing assisted living regulations, senior living facilities have shifted their focus to understanding and complying with funding stream programs critical to financial survival such as PRF (Provider Relief Fund) and PPP (Paycheck Protection Program) loan forgiveness. In addition, continuing to navigate PDPM (Patient-Driven Payment Model) implementation will enhance care and help simplify a complex payment system. Balancing these policies to spur growth with existing tax, audit, CMS, HHS, and HRSA federal and state regulations for assisted living communities calls for heightened due diligence and new thinking.
Financial survival depends on your ability to evaluate, interpret, and react timely with the future in focus to mitigate risk, stay compliant, and optimize Medicare and Medicaid reimbursement. Is your senior care organization minimizing challenges and maximizing benefits? Read on for expert guidance on navigating the complexity and ensuring compliance with assisted living requirements.