As Medicare Advantage enrollment surges, these alternative plans are eating into Skilled Nursing Facility profits.
Plante Moran completed a study looking at the effects of Medicare Advantage on Skilled Nursing Facility profits. In the third quarter of 2018, the average skilled nursing facility brought in $515 per Medicare patient day according to the National Investment Center for Seniors Housing & Care (NIC), compared to $427 for managed Medicare and $209 for Medicaid. Trends also continued downward when looking at length of stay. The average stay was 41 days in 2016 to 38 days in 2017.
Facilities and clinics need to be strategic when looking at their new payer mixes on how to not let these changes impact their bottom line. This is where LRS comes in! Contact us today to see how to protect your business from decreased reimbursements.
Learn more about the Plante Moran study on Skilled Nursing News: https://skillednursingnews.com/2019/03/medicare-advantage-eats-into-margin-gains-for-skilled-nursing-facilities/