In a recent online discussion titled "Skilled Nursing 2024 Executive Outlook: Staffing, Reimbursement, M&A in Turbulent Times," industry experts gathered to share their thoughts on what the coming year might bring for skilled nursing facilities. The conversation, based on a survey conducted by Skilled Nursing News, offered valuable insights into the challenges and strategies that will shape the industry in 2024.
Staffing Struggles: A Big Hurdle
Steve Nee, the head honcho at Diversicare Healthcare Services, kicked off the conversation by pointing out that finding and keeping good staff is still the number one puzzle for nursing homes. He stressed the need for a work environment that keeps employees happy and skilled.
A survey of industry bigwigs echoed this sentiment, with 67% of them not expecting any improvement in the staffing situation for 2024. Many pointed fingers at recruitment and retainment as the biggest staffing challenges.
Dealing with Rules: A Regulatory Rollercoaster
Peggy Connorton, from Covenant Retirement Communities, delved into the regulatory side of things. She mentioned a backlog in the survey process causing issues for nursing homes, impacting even the all-important 5-star ratings. Connorton also talked about upcoming challenges, like more burdensome audits and new emergency rules, urging homes to stay alert.
Power of Information: Using Data Smartly
Jen Gross, a tech whiz from Net Health, highlighted the role of data solutions in facing challenges, especially in staffing. She suggested that homes should manage their data proactively, considering the delays in getting official numbers from the higher-ups.
The survey also pointed out that intelligent tech, like predicting future problems with computers, could really help. But, surprise, surprise, the cost is a significant roadblock for many nursing homes.
Strategies for Success: Making Work Easier
To tackle staffing challenges, Steve Nee suggested showing your team some love, investing in their growth, and creating a culture of excellence. He shared some creative solutions, like teaming up with schools for training or using smart tech to make things run smoother.
Peggy Connorton added to these ideas by stressing the need for good leaders. She said folks in charge need training, especially those in the middle. Clear expectations for new hires and being flexible with roles are also vital, she added.
Quality Care and Money Talks: Finding the Balance
The experts talked about the impact of value-based care on nursing facilities. Connorton said it has yet to make a huge impact, but focusing on quality is crucial. Jen Gross underlined the importance of accurate data in achieving positive outcomes within a value-based care framework.
Wrapping Up: A Positive Data Solutions
As the nursing home world steps into 2024, the focus is clear: keeping staff happy, managing rules, embracing savvy tech, and having strong leaders. The road ahead might have bumps, but with a positive vibe and some clever moves, nursing homes are set to give their best.
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