How to navigate long term care. This becomes the challenge when your parents, loved one or relations need to go to a nursing home then into Home care, Hospice care and Assisted Living.
As Obama Care pays health networks for population health … in other words the Federal Government gives them a budget based on their market area’s census and risk pools of elderly and disabled patients coming to them for critical care. They need to sign up continuum contracts with home care, skilled nursing, hospice and possible assisted living providers.
They will require that the continuum give them a price for different episodes of care. Therefore, each provider will need to price out a stroke patient complicated by diabetes, respiratory failure, heart failure for an estimated length of treatment including all services and drugs and equipment to refer the patient to the next provider.
Triggers for selecting the right provider:
I have personally spent 37 years working with various nursing homes on their financial and operational problems. After being on the inside for at least 300 nursing homes I’ve found that there are many marginal providers and some blatant operators who are too big to care. But only a few excellent facilities.
Be aware that the government’s five-star system is not a true indicator of the quality … it’s more the above than their bureaucratic system.
Jerry is a CPA who specializes in Medicare and Medicaid payment policies and procedures. He has owned a CPA firm, a management consulting firm and software development company. He also is a licensed Nursing Home Administrator in three states and owned nursing homes in those states. He, his wife and son sold them in 2015. Jerry and his wife have formed a publishing company and is now publishing his books on health care, political topics that impact health care, poetry and novels.
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