Medicare Rate Change Worries Nursing Homes

A new rule cutting Medicare reimbursements for skilled nursing facilities may cost the state’s nursing homes $89 million this fiscal year. “It’s devastating,” said Isabella Firth, president of LifeSpan Network, the Columbia-based provider association with 300 member senior care facilities in the Mid-Atlantic. The Centers for Medicare & Medicaid Services announced the new rule, which reduces reimbursements by more than 11%, on July 29. It will go into effect Oct. 1.

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