Tuesday, December 20 | Thought Leadership, Post-Acute Care, Value-based Care
The coronavirus pandemic has slowed, but its effects are still being felt. Continuing Care Retirement Communities (CCRC) continue to recover from the deadly virus, while also dealing with the impact of inflation.
According to “Fitch Ratings,” CCRCs face higher wages, food prices and construction costs. The finance and insurance company says a lack of adequate staffing could also be an issue.
Despite that, Fitch believes occupancy will remain stable and could improve for some in the new year. But what can be done to try and create more success among CCRCs in 2023 and beyond?
Eva Bering, MSN, MHA, RN, NHA, joined a recent Netsmart CareThreads podcast, The Future of Life Plan Communities: What Senior Leadership Needs to Focus On. As the president of Bering Consulting, LLC, she talked about the future of CCRCs, also referred to as life plan communities and how they can find success in the future.
“I think the board chair needs to have frank discussions with the CEO,” Bering said. “As a board chair, what I’m focusing on to be successful…is to stay alert to the external changes. The environments are dynamic.”
Bering added that one factor standing in the way of CCRCs is cost. She said many people cannot afford the retirement communities.
“For those people that stay at home, the CCRC needs to change its mentality to be a senior care provider,” she said, “not just a place where people come and live permanently.”
She suggests CCRCs provide educational sessions for people who live at home. Bering says another option is to develop a partnership with a senior service center. Doing so enables seniors to get services through a home health agency developed within the CCRC which becomes part of the CCRC’s revenue base.
No matter what lies ahead for life plan communities, Bering’s No. 1 piece of advice for leaders is to stay resilient and develop a sense of urgency to move forward.
“Understand the dynamic environment for seniors and their expectations,” she said. “Seniors are changing all the time as the generations move through the continuum themselves.”
Listen to the full Netsmart CareThreads podcast for more actionable tips from Bering, including why she says value-based reimbursement is here to stay.
Visit our website to find out how Netsmart consulting services can help your organization maximize the benefits of your technology solutions.
Call to Action: Proposed Cuts Could Deprive Home Health of Necessary Funds
Wednesday, September 20 | Post-Acute Care,Value-based Care
Millions of older Americans could be greatly impacted if the Centers for Medicare & Medicaid Services goes through with its proposed rate cut to the Home Health Prospective Payment system for Calendar Year 2024. One of the most concerning aspects of the proposed rule revolves around its potential impact on home health reimbursement.
MoreMonday, September 18 | Thought Leadership,Human Services,Care Coordination,Cause Connected,Legislative/Policy,Value-based Care
The opioid crisis is one of the most serious healthcare issues in our nation today. But there is hope. We believe there are three strategies your organization can leverage to combat opioid addiction and overdose: integrated care, policy and technology. This blog outlines some examples of all three and lists helpful resources your organization can use.
MoreThursday, September 14 | Thought Leadership,Human Services,Netsmart in the Community
By understanding mental health and suicide go hand-in-hand we can take the first step in reducing suicide risk and help heal our families, friends and loved-ones heal and grow forward as a community.
More