Skip to Content

Network participation critical to long term care's future

May 15, 2015 In The News 1 min read
Betsy Rust

The finances of running a long-term care facility long have seemed like Monopoly. With each patient, you pass “Go,” you collect $200.

The game, however, is fast becoming as complicated as contract bridge, and too many long-term care facilities leaders are saying “pass” on proactive measures to establish participation in burgeoning regional networks.

For medium-sized and smaller facilities not part of well-known larger national provider chains, such as Kindred or Genesis Health, this approach could result in a significant loss of patients and threaten the financial viability of your organization.

Sure, dealing with the increasingly dominant Accountable Care Organizations or health plan in your region might seem like an insurmountable task. But with the right mix of data, marketing and negotiation, it might become the financial lifeblood of your organization.

Read more at >>

Related Thinking

June 14, 2022

Inflation and rising interest: Implications for health system financing and capital structures

Webinar 60 min watch
June 13, 2022

Data analytics & due diligence: Key ways to drive value creation

Article 7 min read
June 3, 2022

Navigating the new Section 174 as Q2 estimates approach

Article 5 min read