Nursing Facilities Facing Impending Crisis

The health care crisis in America isn’t ignoring skilled nursing homes. Rising healthcare costs and continued reductions in Medicaid reimbursements are taking their toll on the industry. On October 1st of 2012 an 11.1% reduction in federal Medicare reimbursements are making the feel an even greater pinch.

This means some facilities will be forced to close while others will have to find other ways to secure funding.

What’s Behind The Crisis?

  • The huge surge in the baby boomer population that now requires the care of a skilled nursing facility.alzheimers-patient-care
  • The financial crisis of the past few years had meant reduced home values so less money for the elderly to finance their care.
  • People are living longer so their funds may run out long before they still need them.
  • The gap between the cost of a nursing home and what they receive from Medicaid and Medicare is widening and this is becoming unbearable for many facilities. Moving that increased cost onto private payers is becoming less of an option as private payers won’t be able to meet the higher costs either.

Reducing staff or other cost cutting measures don’t have much of an impact on financial health, but they do have a drastic effect on patient care. Overworked caregivers are also much more likely to leave sooner and the continued turnover greatly reduces efficiency which leads to even more money lost.

A survey by the Alliance for Quality Nursing Home Care shows the recent Medicare reimbursement reduction will result in at least 20,000 potential job layoffs and prevent the creation of another 20,000 new jobs in skilled care nursing facilities nationwide.

This will mean longer waiting lists as facilities close or patient intake is reduced due to lack of staff and loss of revenue. So patients may be in poorer health when they finally gain a place and this also drives up the cost of their care. The growing number of Alzheimer’s and dementia patients will also have an effect as they will require more specialized attention.

This continued spiral needs to be addressed from numerous fronts to stave off an even bigger health care crisis as more and more aging baby boomers require more care than friends and family can provide. 

Related Posts
Microsoft Lync
Are you looking for a communication tool for your business that allows instant messaging and collaboration? If your company uses  Microsoft® Exchange Server and Microsoft Outlook®, Microsoft Lync® is perfect ...
SIP Trunks and Data Packets and How They’re Changing Connectivity Today
SIP Trunks & Data Packets and How They’re Changing Connectivity Today! In reality, everything today is SIP or data packets, pretty much everything. It might not be the last mile, but ...
DataComm Plus Heads To 2012 TAG Convention In Nola
At DataComm Plus we know you’re only as good as the last thing you learned. And since we’re in the technology business the learning comes fast and furious. That’s why ...
Keeping patient information secure can be a challenge.
With the advent of tablets, smartphones and the applications dedicated to streamlining healthcare, PHI (protected healthcare data) is increasingly at risk. According to the Department of Homeland Security healthcare organizations, ...
Come out and support one of our amazing Business Partners! When: Tuesday September 11, 2012Where: Broadlands Golf Club, North PrairieShot Gun Start @ Noon!For more information call 262-797-4600!
READ MORE was laid low by technical issues, not a hacker.
In a dramatic event with far reaching effects the Internet registrar, reportedly the largest hosting provider for secure websites, went down on Monday, the 10th  of September, taking thousands, ...
Phones Plus, Inc. is hosting another lunch and learn on the topic of SIP Trunking.  The event is going to take place on Thursday, June 10th at the Doubletree Hotel ...
Small to Mid-Sized Companies to Benefitfrom Latest Advancements in MobileCommunications TechnologyNEW BERLIN, WI —October 28, 2010 — Phones Plus,Inc., an industry leader in UnifiedCommunications, announced todaythat recent statistics by theindustry’s ...
This week, we are trying to really focus on learning all we can about Zultys products.  It was fairly recently that we became a Zultys authorized dealer and we want ...
Who's running your online marketing?
Many, many companies when faced with starting a social media marketing program are tempted to put the nearest 23-year-old in charge and then trust them to produce a “viral video” ...
Microsoft Lync
SIP Trunks and Data Packets and How They’re
DataComm Plus Heads To 2012 TAG Convention In
Keeping Your Healthcare Data Under Wraps
LindenGrove Foundation Golf Outing!
GoDaddy.Com: Hacker Or Router Issue?
SIP Trunking Lunch and Learn
Phones Plus Educates Customers on Mobile VoIP Technology
Zultys MXIE Demo
Under 30 Doesn’t Always Equal Online Expertise

Written by 

10 thoughts on “Nursing Facilities Facing Impending Crisis

Leave a Reply

Your email address will not be published. Required fields are marked *