Here we are in 2024 and costs are skyrocketing! If you are the owner or management operator of a Skilled Nursing Facility (SNF), you know this more than ever. Staffing is at the top of everyone’s list of costs – and it only continues to increase! Providers are also feeling the pinch of the increased cost of infection prevention and the usual price increases for dining, housing and supplies. All of these factors combine to…
One of our favorite conferences to attend each year is the LeadingAge PA Fall Finance Conference. Held in the Lancaster area each autumn, this event brings together senior financial leaders from not-for-profit aging services providers across the Commonwealth. The conference is also well attended by vendor partners, including bankers, insurance agents, professional services firms, and more. For a regional event, it attracts some big names in the space and is an excellent resource for taking…
Under the Payment-Driven Payment Model (PDPM), the selection of the primary medical diagnosis recorded in the Minimum Data Set (MDS) item I0020B plays a factor in the Medicare Prospective Payment System (PPS) methodology. Understanding the International Classification of Diseases (ICD)-10 coding guidelines is one step; figuring out the Centers for Medicare and Medicaid Services (CMS) PDPM ICD-10-CM Mappings Fiscal Year 2021 is another key element for the reimbursement calculation. Assigning ICD-10 codes must be at…
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