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Posted:May 20, 2016
A new bill in Michigan proposes that frail prisoners who are eligible for parole will be sent to nursing homes rather than stay in prison. As these prisoners cost the government over $5 million each year in additional healthcare costs, the bill is pushing for nursing homes to acquire some of those costs and responsibility. While not everyone is on board with this decision and is still being fought, it’s imperative to for nursing homes to be equipped with the best Nursing Home Facility..
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Posted:May 6, 2016
It’s no secret that this industry has high turnover rates. The costs of employee acquisition and training can take a bite out of the budget, costing the company thousands over the course of the year. However, these staffing and retention tips, given straight from the experts, are great tools to implement in order to reduce employee turnover and increase guest satisfaction. While many top company strategies may be out of the question, plenty of these ideas can be emulated in any size nursing home facility. In addition, ensure..
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Posted:April 19, 2016
Nursing homes are a necessity for many aging adults. This industry seeks to provide exceptional care and attention to these individuals in order to provide them comfort and peace of mind. With that said, there are some tips and tricks to share with your clients that will help to improve patient care and reduce Nursing Home Liability.
Whether the patient has an emergency reaction to a food product or fell down the stairs, nursing home staff should always be prepared. This means carrying the..
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Posted:April 4, 2016
The traditional fee-for-service models that nursing homes operate under are slowly beginning to change. As a wave of older citizens move to nursing homes, facilities are transitioning to managed care models, which holds them more accountable for performance and resident satisfaction. During this time of transition, it’s important that these facilities are equipped with Nursing Home Insurance to mitigate risk and financial loss.
McKnight’s states that this year, some 800 hospitals will be taking part in an ongoing bundled payments demonstration project and a..
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Posted:March 18, 2016
Considering that they work with clients who tend to be fragile and prone to accidents, nursing homes face heightened risks for negligence-based lawsuits. A comprehensive Assisted Living Professional Liability policy is absolutely critical to protecting these facilities’ financial interests. Recently, it was reported that a healthcare group settles for $125M from overbilling. Obviously, it’s critical that your clients perform due diligence when choosing third-party therapy providers with whom to partner.
Whistleblower Reports Company for Overbilling Medicare
In January, the U.S. Department of Justice announced the..
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Posted:March 10, 2016
While it should come as no surprise, the costs of operating a nursing home, or any assisted living facility for that matter, has dramatically increased. A new report has demonstrated that in 2015, record highs were reached, costing them an average of $85,900 per bed. While maintaining these costs and doing their best to implement best practices and equipment, this sector needs a comprehensive Assisted Living Facility Insurance program for adequate protection.
Irving Levin Associates said that the average price per bed has increased..
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Posted:February 24, 2016
The advent of new technology has allowed for the improvement of senior care nationwide. While most don’t associate cutting –edge technology with the elderly, these breakthroughs have boosted various components of geriatrics in recent years. As the care model has shifted from hospitals to home environments, these new developments are making progress at improving their quality of life at home. However, in order to secure their operations, your clients need to be equipped with a comprehensive Senior Living Risk Management Program.
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Posted:February 16, 2016