Will Steep Reimbursement Cuts To Nursing Homes Jeporadize Patient Care?
The nursing home industry is set to become a little less profitable for nursing home operators as the government seeks to trim reimbursement rates by approximately 11%. Set to take place next year, the proposed reductions cut out a huge billing opportunity that presently allows nursing homes to seek reimbursement for intensive treatments without actually proving the elevated level of care. In the article reported in Bloomberg.com, the proposed cuts to funding from Medicare, nursing homes will be required to detail more of the treatments they provide to patients. The closure of the billing bonanza will save taxpayers an estimated...
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Nursing Home Chain Hit With Landmark Verdict In Under-Staffing Class Action Lawsuit
I guess there's probably a lot a screaming and yelling going on at the Skilled Healthcare Group (SKH) headquarters in California. Perhaps the anger derives from the miserable looking financial chart for the company showing a whopping 75% decline in price per share in one day! Another portion of the companies anger is probably being misdirected at the lawyers who defended the company in a class action lawsuit brought against Skilled Healthcare based on systematic under-staffing at 22 nursing homes owned by the corporate giant. Really, the only people to blame are the managers in the company who intentionally chose...
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