The State of Reimbursement is the fifth installment of our series The State of Long Term and Post Acute Care. Today’s statement features the current climate of reimbursement in long term and post-acute care facilities, specifically focusing on Medicare, Medicaid and the future of funding. Among the highlights:
- Medicare is often at risk for significant cuts, threatening the delivery of high quality care and services.
- A typical Medicare beneficiary returns home or to the community after a relatively short, rehabilitative stay of 36 1/2 days in a skilled nursing facility.
- Medicaid – the largest payer of long term care & services – covers 64 percent of nursing home patients and 13 percent of assisted living residents. A recent report from Eljay found Medicaid across America to be underfunded by $5.6 billion in 2010.