As a reminder to nursing center providers, the April 30 deadline for cost reports is still in play under the Prospective Payment System (PPS) methodology. Although the official due date is five months after the fiscal year end of a center’s report, providers may…Read More
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Welcome to the MSL Blog! A resource that offers guidance and thought leadership on issues to help your organization navigate the financial landscape in an ever-changing environment
The Agency for Health Care Administration (AHCA) is working to gather data related to Fair Rental Value (FRV). This data will be used by the Agency in the Nursing Home Prospective Payment System model. Deadline to submit 4/30/18. More info...Read More
It is the peak of hurricane season in Florida, and the Sunshine State is recovering from the impacts of Irma. We hope that you, your residents, employees, and their families made it safely through the storm. We want to remind our long-term care friends of some important financial issues in dealing with disasters:
Cash is king
When a major storm is imminent, ensure sufficient cash is on hand with several key staff members or department heads...
During the 2017 Legislative Session, HB 7109 passed which modifies the definition of “nursing home” or “home for special services” in section s.196.012 (9), Florida Statutes, to include facilities possessing a valid license under part 1 of chapter 429 (the regulatory law for assisted living facilities). This change appears to totally exempt non-profit assisted living facilities (ALFs) from ad valorem property taxes beginning in...Read More
As most of you may already know, the 2017-18 budget will implement the Nursing Home Prospective Payment System (PPS). The PPS Plan included in the budget places in statute the Senate PPS model with its quality components and transition period, with an implementation date of October 1, 2018. Although there are still several details to be determined, we wanted to briefly summarize for our readers some of the basics of the new system based on what is currently in the language.
Unlike the current system that calculates each provider’s rate based on their cost and current Fair Rental Value (FRV) calculation, the PPS model utilizes the following main components...Read More