The 2019 hurricane season starts June 1, how time flies. Last year, although not a year for multiple storms, Hurricane Michael slammed the panhandle with one of the most powerful storms to ever make landfall in the US. Having personally traveled west on I-10 to view the aftermath, the destruction and sheer…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
We've received several questions from our clients regarding notices recently issued by The Agency for Health Care Administration (AHCA) concerning the reinstatement of Lease Bond Trust Fund payments. The purpose of the Fund is to reimburse The State of Florida in the event providers skipped out on paybacks…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...
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
For most skilled nursing facilities (SNFs), Medicare reimbursements are an important revenue source to maintain both margins and census. If your skilled nursing facility is one of these, it is imperative that your organization develops an effective strategy to address the evolving reimbursement landscape impacting Medicare.
SNF value-based purchasing programs will soon place portions of Medicare reimbursement at risk (e.g. the nursing home readmission penalty). However, SNFs need to quickly realize that...Read More