Skilled Care Falls Short While Nursing Home Costs Continue to Rise
While there has been a general slowing of individuals dependent on nursing home care from nearly 86 percent in 2012 to less than 82 percent in 2017, as life expectancy continues to increase in the U.S. and seniors account for a higher proportion of the population, demand for the services provided by nursing facilities will increase and no doubtingly, costs will follow suit. But supported and efficient services have failed to align and it’s our nation’s most vulnerable people and their families, as well as care staff, who pay the real price. So, who is to blame?
Third-party payors and private entities who haphazardly increase the costs of healthcare services without providing quality care of professional and skilled nurses and staff look guilty. Employing staff and pushing up labor costs only leads to widespread budget increases and less fattening of private facility pockets, but shortages can ironically do the same. Meanwhile, nursing home administrators blame behind the market reimbursement rates of patients on ‘traditional” Fee-for-Service (FFS) Medicare patients to Medicare Advantage (MA) patients to cause the industry to suffer and negatively profit, demanding them to raise general daily costs to residents and families or cut short in areas such as infrastructure and staffing quality workers.