The Patient-Driven Payment Model is the biggest Medicare reimbursement overhaul in two decades. But for many skilled nursing facilities, the hard work is only just beginning. Here’s how providers can overcome some of the complexities via McKnight’s.
Skilled nursing facility leaders could be forgiven for breathing a sigh of relief now that the formal transition to the Patient-Driven Payment Model is behind them. Preparing for the biggest overhaul in Medicare reimbursements in two decades has been a challenging and stressful experience for the industry, where many facilities already operate on thin profit margins.
A lot of facilities have worked hard to implement new software and workflows.
They’d be forgiven for thinking their work is over. Yet it’s not.