Study finds older Americans filing for bankruptcy at high rate

A new study available at SSRN shows that older Americans are struggling with increased financial risks, namely inadequate income and unmanageable costs of healthcare. The study concludes that the increasing baby boomer population entering into old age does not alone account for the significant rise in older Americans filing for bankruptcy.
According to the study:
“[Older Americans’] representation among those in bankruptcy has never been higher. Using data from the Consumer Bankruptcy Project, we find more than …

Resources for a smooth transition to PDPM

Brought to you by Biller’s Association for Long-Term Care.
As SNF and nursing home providers familiarize themselves with CMS’ new Patient Driven Payment Model (PDPM), The Bottom Line is here to keep you educated and up to date on the latest resources, guidance, and best practices as they are made available. Here are this week’s helpful resources for you to add to your PDPM toolkit.

Attend HCPro’s free webinar, Ready or Not: PDPM is Here, led by …

Two strategic responses to bundled payment models

Source: HealthLeaders Media
Medicare’s bundled payment programs are profoundly impacting the way acute-care providers are working with their post-acute care partners.
Hospitals and health systems participating in federal hip and knee replacement bundles are adopting two post-acute care strategies: limiting referrals to skilled nursing facilities and integrating with SNFs.
For hospitals, establishing strong relationships with SNFs can drive positive clinical outcomes and financial gains, researchers say.
“Linkages between hospitals and SNFs may be associated with reductions in readmission rates, …

Free webinar on PDPM

The new SNF payment rule is final. Learn what you need to do to prepare in HCPro’s FREE webinar.
When: Wed, Aug 22, 2018 1:00 PM – 1:30 PM EDT
Register here.
The Patient-Driven Payment Model (PDPM) is designed to replace the current SNF payment methodology known as RUG-IV. The effective date of the change (from resource utilization groups to PDPM) is October 1, 2019. PDPM, as an outgrowth of the initially proposed resident classification system version 1 …