Published: 13-Sep- 2011 | Product Category: Other
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The senior care industry is bracing for severe reductions in Medicare and Medicaid reimbursement coupled with stifling changes in therapies reimbursement. Industry wide, Medicare payments will drop by 11.1 percent, nearly $4 billion, for the 2012 federal fiscal year.
The Alliance for Quality Nursing Home Care (AQNHC) stated that this reduction "will dangerously destabilize health facilities, place patients at risk, and put tens of thousands of health jobs in immediate jeopardy." The American Health Care Association (AHCA) echoed these concerns saying the cuts "…will threaten its ability to provide quality care to America’s seniors."
Marsh has been speaking with our clients as this financial crisis has unfolded. You have asked for cost-cutting tactics and solutions with a demonstrable return on investment. In response, we have assembled the leaders within our SeniorCare Practice to aggressively examine several cost of risk components and offer suggestions for immediate savings. We specialize in developing innovative strategies and solutions to help you generate substantial cost reductions now and into the future. We stand ready to help you implement the following recommendations.