The growing popularity of Medicare Advantage (MA) plans in skilled nursing homes brings both medicare advantage challenges and opportunities. Experts share valuable strategies to help nursing home operators thrive in this changing landscape while maintaining quality care.
Understanding Payment Challenges
One big issue is the difference in how much Medicare pays for traditional care compared to MA. Jolene Johnson explains how this big gap can affect nursing homes financially. She talks about how a group of nursing homes is working together to address these problems. She says it's important for nursing homes to work together to get better deals from managed health care organizations.
Adapting How We Work
Kelly Roberts and Elizabeth McLaren share how their nursing homes are dealing with MA's challenges. Roberts discusses the importance of training staff well and giving them the right tools to do their jobs. McLaren explains how her nursing homes made changes to how they admit new residents, which helped them save money and avoid mistakes.
Working Together for Better Deals
The panelists say it's important for nursing homes to work together to get better deals from MA plans. Johnson says that by working together, nursing homes can have more power in negotiations. McLaren and Roberts say it's also important to understand how much money the nursing home needs to make and to use data to help with negotiations
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Using Technology to Help
The panelists also discuss using technology to help nursing homes work better. Johnson describes how her nursing home uses computer programs to find trends and solve problems. Roberts says technology can also help nursing homes communicate better and train their staff.
Conclusion About Medicare Advantage Challenges
Nursing homes can succeed in Medicare Advantage by understanding payment challenges, adapting how they work, collaborating for better deals, and using technology to help. By doing these things, nursing homes can provide better care and stay financially strong in a changing healthcare system.
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