While this report focuses on Minnesota, a similar story can be told in other states. A growing need for #longtermcare over the next 30 years but a decline in #nursinghome beds. Couple this with a shortage of #caregivers & the bottom line is the same-growing demand for #seniorcare services & insufficient supply. https://lnkd.in/gc3FcXaw
The Business of Long-Term Care
Hospitals and Health Care
Upland, CA 9 followers
The Fox Group | Consultants to the Healthcare Industry
About us
Since 1989 The Fox Group has provided a variety of consulting services to Long-Term Care providers in Skilled Nursing and Assisted Living both in the United States and Europe. This unique corner of the industry has many special nuances, and the difference between success and failure is sometimes separated by narrow pathways. Understanding this market segment, the state and federal regulations that govern it, and the intricacies of the associated reimbursement systems requires years of hands-on experience. The Fox Group has a specialized consulting team whose members have extensive skilled nursing and assisted living backgrounds, and who are capable of effectively addressing the varying business concerns faced by today's providers of long-term care services. They are well seasoned with experience ranging from Reimbursement Specialist, to Nursing Home Administrator, to Operations Vice President, from independent operations to publicly traded companies, and from small, special niche programs to large multi-level campuses. Let us help you reach your potential in servicing our senior population, and to prepare to take on the many challenges and opportunities in today's Long-term Care industry.
- Website
-
https://www.foxgrp.com/services/long-term-care-archive/
External link for The Business of Long-Term Care
- Industry
- Hospitals and Health Care
- Company size
- 11-50 employees
- Headquarters
- Upland, CA
- Founded
- 1989
- Specialties
- Market & feasibility studies, Business plans, Strategic planning, New facility design, Construction project management, Special program and facility development, Affiliation agreements, Acquisitions, Financial forecasting, Staffing analysis, Expense reduction, Reimbursement Analysis, Crisis management, Licensing & certification, Compliance / HIPAA review, Compliance plan development, Outsourcing compliance department, IRO (Independent Review Organization) services, and Expert witness
Updates
-
The adoption of technology in #seniorcare is on display with the use of virtual reality in senior care communities. An increasing number of providers are utilizing VR to augment their resident engagement activities. #assistedliving #eldercare https://lnkd.in/gQwQ9tTb
New Report Examines the Impact of Virtual Reality in Senior Care
https://www.iadvanceseniorcare.com
-
Increasing lifespans but decreasing healthspans emphasize the need for #longtermcare solutions among our #aging populations worldwide. #seniorcare https://lnkd.in/gC5sVxvk
As lifespans increase, healthspans are decreasing worldwide
thestar.com.my
-
PCP's play a pivotal role in #LTC facilities when it comes to readmission rates. Working cooperatively with primary care physicians can benefit patients & facilities alike. #seniorcare https://lnkd.in/ggrg4va6
Primary care physicians are critical in addressing health inequities in readmissions and long-term care
medicaleconomics.com
-
An interesting perspective from a physician of #skillednursing billing as well as the current #CMS reimbursement methodology. It's not all pretty on either side but there are some good points here. #eldercare https://lnkd.in/gvyG8mFy
SNFs Under Scrutiny – MedLearn Publishing
https://racmonitor.medlearn.com
-
As of October 1st, #CMS has implemented revised requirements for form 855A. This includes CHOW applications in process as of October 1st, as well as new #Medicare applications going forward. #nursinghomes #skillednursingfacilities https://lnkd.in/g9DyvTwV
Calling All SNFs… and All of Your Operational Associates – Get Ready Now: Sweeping New Disclosure Requirements Under The Updated 855A
https://www.jdsupra.com/
-
In a new report from Microsoft, it was reported that between July, 2023 & June, 2024, 389 healthcare institutions were successfully hit with ransomware. And, healthcare is the ninth most targeted industry. How is your #complianceprogram doing? https://lnkd.in/df4Hj_kH
cdn-dynmedia-1.microsoft.com
-
This #CCRC has integrated multiple levels of care into a multi-generational model. It emphasizes social interaction while respecting private space. This is but one example of integrating community into a healthcare setting. #seniorcare https://lnkd.in/eAqw28eN
The Baldwin at Woodmont Commons CCRC Delivers Multigenerational Living In Londonderry, New Hampshire
https://efamagazine.com
-
Most of us in the #longtermcare industry know that #Medicaid reimbursement is inadequate. But, this national study is significant in that it examines the relationship between reimbursement and cost on a facility-by-facility basis. One significant conclusion-those facilities with a staffing ration of 4 or higher, had the lowest payment to cost ratio. https://lnkd.in/giYHtq7z?
National Study Confirms Medicaid Payments Fall Short of Costs, Shows Links to Staffing Levels and Ownership
https://skillednursingnews.com
-
The risk of falls with older adults is higher at home. But those same risk factors exist in #assistedliving & #nursinghome settings. Have you trained your staff to be aware of those risk factors? #seniorcare https://lnkd.in/g_s-E95D
Causes of Falls in Older Adults
nextavenue.org