Transition to Value-Based Payments Top Concern for Long-Term and Post-Acute Care
On 1 October 2019, CMS will flip from a volume-based reimbursement model for Long-Term & Post-Acute Care Organizations (LTPAC) to a value-based one. This looming transformation was the top concern for most of the 2,000 attendees at PointClickCare’s annual user conference – #PCCSummit18.
PointClickCare makes a cloud-based EHR platform for LTPAC and HomeCare Organizations. According to the company, 60% of all Senior Living and Skilled Nursing Facilities (SNFs) in North America use their platform. Each year, PointClickCare hosts a user conference, called PCCSummit, where customers gather to get a preview of new features and to discuss the industry’s most pressing challenges.
Sweeping LTPAC changes by CMS
The top challenge on the minds of #PCCSummit18 attendees was, by far, the sweeping reimbursement changes being implemented by the Centers for Medicare & Medicaid Services (CMS) on 1 October 2019. Referred to as the Patient Driven Payment Model (PDPM), it contains three significant changes for SNFs:
A new value-based payment model
Adopting ICD-10
New reporting requirements
“The move to PDPM is going to be a challenge for everyone in the industry,” said Dave Wessinger, COO and Co-Founder of PointClickCare. “I think everyone will agree that moving from a volume-based reimbursement model to a value-based one is ultimately better for healthcare and for patients, but getting there is going to take some work. We are investing millions of dollars in product R...
Source: EMR and HIPAA - Category: Information Technology Authors: Colin Hung Tags: EMR Value Based Reimbursement home care ICD-10 LTPAC PDPM senior living SNF Source Type: blogs
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