As the financial impact of the coronavirus pandemic on senior living is on track to reach $17 billion annually, providers need more funds to cover additional expenses and lost revenue and they need new tax credits to pay for certain expenses incurred as employers, the American Seniors Housing Association told leaders in Congress in a McKnight’s article. Senior living providers …
In the months leading to the implementation of a new Medicare payment model for skilled nursing facilities, various voices predicted an exodus of smaller, “mom-and-pop” operators who’d rather call it a career than adapt to a completely new reimbursement system. But only a few months after the Patient-Driven Payment Model (PDPM) took effect last fall, the effects of the COVID-19 …
