Directors of nursing homes are preparing for big decreases in Medicare reimbursements that begin October 1. Medicare rates will lessen by 11.1 percent, which is making nursing home operators and administrators look for every opportunity to cut costs to make up for the monies lost. These types of facilities help seniors recover after surgery or illnesses before they return home. Before the decrease, Medicare paid around $500 a day for a senior\u2019s short-term stay at the nursing facility for rehabilitative care. <\/p>\n
\u201cAdditional cuts to skilled nursing and assisted living threaten access to quality care needed by America\u2019s seniors and individuals with disabilities,\u201d said American Health Care Association president Mark Parkinson.<\/p>\n
Nursing home facilities will look to make staffing adjustments and put future expansion on hold. The stock market has already seen health care related real estate investment trust stocks dip dramatically. As nursing home administrators take a look at cutting expenses in (more…)<\/span><\/a><\/p>\n","protected":false},"excerpt":{"rendered":" Directors of nursing homes are preparing for big decreases in Medicare reimbursements that begin October 1. Medicare rates will lessen by 11.1 percent, which is making nursing home operators and administrators look for every opportunity to cut costs to make…<\/span><\/p>\n