Nursing home leaders nationwide, including the most prominent groups supporting this sector, plan to increase funding in 2024. They're eyeing funding from the government and better ways to increase profitability as things get a bit easier.
Their main goal is to change how people think about nursing homes. Katie Smith Sloan, the head of LeadingAge, stressed that everyone must understand how long-term care works. She said, "The way we care for older adults is scattered, inefficient, and needs support."
Mark Parkinson, in charge of the American Health Care Association/National Center for Assisted Living (AHCA/NCAL), sees 2024 as a big deal. He said, "We're hopeful about the future, but we're still facing a massive problem: finding enough people to work in this field."
Leaders shared their thoughts on what's ahead in 2024, discussing the challenges and the good stuff. They talk about increasing profitability and fixing problems with staffing. They also see chances to improve how nursing homes work.
Mark Parkinson from AHCA/NCAL believes 2024 will be a big year. He said, "We'll feel the effect of more old folks needing care. After the pandemic, we'll also try harder to improve care."
But the biggest problem is finding enough people to work in nursing homes. There's talk about forcing places to have more staff, but some say this might worsen things. AHCA/NCAL wants to ensure the government knows this might hurt instead of helping.
Leigh Ann Barney, who runs Trilogy Health Services, looks back at 2023, talking about how they moved on from COVID-19. They focused on making staff stay, growing into new areas, and improving care quality. Looking ahead, Trilogy plans to use ‘fancy tech’ to make things better.
They think artificial intelligence could help with paperwork and guide staff for better care. They also want to train their team better and ensure their staff better reflects the people they care for.
Katie Smith Sloan from LeadingAge greatly cares about the lack of profitability in nursing homes. She thinks profits are not adequate to cover everything. She's worried about a rule that could force nursing homes to have more staff without having enough money to pay them.
There's hope for better funding in 2024. For the past thirteen years, places giving long-term care received more money from Medicare. Medicaid in most states also got better. This is good news for nursing homes.
The government is looking at nursing home rules, which worry many people also. Some want to stop these new rules and instead create a team that studies staffing solutions. This could help make a better executive outlook in the future.
The head of VIUM Capital, Steve Kennedy, sees 2024 as a mix of good and evil. He discusses funding and their plans to be a top lender. They hope to lend more and help places needing loans for healthcare.
Gurwin Healthcare System's CEO, Stuart B. Almer, thinks nursing homes are at a turning point. He sees problems with money and rules, rendering the closure of some nursing homes.
Martha Schram from Aegis Therapies believes in changing how care happens. She wants to focus on helping people before problems grow. They aim to prevent people from getting sicker using technology and improving operations.
This year, nursing homes hope for better money and solutions for staff problems. They're improving care, dealing with new rules, and finding better ways to help the people they care for.
Comments