The recent CY 2021 Physician Fee Schedule Update introduced a variety of billing and reimbursement changes aimed at reducing complexity and addressing the COVID-19 crisis. And while this update offsets some of the Final Rule fee schedule cuts, the result sees many providers still facing revenue shortfalls.1 For therapy companies providing services to skilled nursing…
It’s no exaggeration to say that the COVID-19 pandemic has changed everything. From empty office towers to home schooled students and social distancing rules, nothing has escaped the long arm of this evolving virus. Healthcare has been especially hit hard. At a time when patients need more support than ever, face-to-face interactions are both rare…
The skilled nursing industry has been hit hard by COVID-19 challenges, with skilled nursing facilities (SNFs) reporting more than 100,000 deaths in 2020 alone.1 Combined with the recent shift to the Patient-Driven Payment Model (PDPM), SNF processes are now in the spotlight as patients, their families and public health officials look to improve operational outcomes in…
“We’re living through unprecedented times,” is something we’ve heard nearly every day since the pandemic began almost a year ago. Hearing this quote is one thing — actually living it is another. And right now, rehab therapists everywhere are living it. Since the pandemic began, thousands of rehab therapists have been reassigned from their respective facilities to…
While there’s no denying the impact of COVID-19 on skilled nursing facility (SNF) frameworks and finances, there’s a light at the end of the tunnel.1 But what does a post-pandemic world look like for SNFs? Which processes go back to “normal” and which have been permanently impacted by infection prevention priorities? Here’s a look at…
While calendars may be changing, one thing remains the same—we have to continue doing our best to empower teams with the tools and resources they need to deliver the highest level of patient care possible. And if 2020 taught us one thing, it’s that having a firm foundation rooted in command and control of the…
2021 comes with increasing availability of effective COVID-19 vaccines, but skilled nursing facilities (SNFs) continue to face significant operational challenges: 65 percent are already operating at a loss and just 34 percent believe they’ll survive this year.1 Why? Rising costs combined with falling revenues are part of the problem. The expected physician fee schedule adjustment…
The good news for therapists in skilled nursing facilities (SNFs) is that they are now facing a lower pay cut in 2021 than expected. Adjustments to help rehab therapists during the COVID-19 crisis were included in the Consolidated Appropriations and COVID-19 Relief Act of 2021, signed December 27, 2020, that reduced the overall pay cut originally…
Therapists at SNFs juggle dozens of administrative responsibilities, each feeding into the quality and timeliness of patient care. A comprehensive software solution is essential to demonstrate functional improvement, receive proper compensation, and remain compliant. Find out 7 key areas to evaluate when considering a therapy management solution
This year has caused many unpredictable changes to occur, and the changing environment at skilled nursing facilities has been no exception. As noted by Skilled Nursing News, the Coronavirus completely changed the way SNFs interacted with third parties – in many cases, existing supplier and provider partnerships evaporated overnight when lockdowns began.1 And so, many…