Outsourced RT Creates Increased Profitability Under PDPM
Recently, an article appeared in the Skilled Nursing News that specifies how outsourced RT creates increased profitability under PDPM (the Patient-Driven Payment Model). The article quotes Edwin Frost of Aeris Consulting, regarding the potential for increased profit for nursing homes; you can read it here.
As the article notes, PDPM matches reimbursement for nursing homes based on resident acuity. Frost points out that in the wake of long term acute care hospitals closing, skilled nursing facilities have been taking on sicker patients with more complex needs. With PDPM, credit will be given to nursing homes for caring for these sicker patients.
While in the past caring for more complex illnesses had been a cost of doing business, there will now be greatly increased reimbursement potential for skilled nursing facilities. A facility needs to demonstrate at least 15 minutes of face time between respiratory therapists and patients each day, and the facility must also document a patient’s condition during a specified look back period. With timely respiratory therapy through outsourcing, the article also points out, nursing homes can also prevent costly hospital trips for patients.
All of these changes make outsourced RT much more attractive and profitable for skilled nursing facilities. Frost stated for the article that consulting services typically cost about one-third of the total reimbursement that providers accrue, making for as much as a 70% return on investment. In addition, outsourcing is an alternative to in-house training for staff nurses that can only see a few patients per hour, and who could simply leave in an area where there is high turnover.
Click here to see the article and find out more about how outsourced RT creates increased profitability under PDPM. PDPM represents an increased profit source for skilled nursing facilities, and it’s likely to be a source of revenue for SNFs in 2020 and beyond.
Edwin Frost is the leader of Aeris Consulting & Management in West Deptford, NJ. He is a Registered Respiratory Therapist whose area of expertise is in hospital and health care in the greater Philadelphia area. In addition to serving on the faculty at the University of Medicine and Dentistry of New Jersey and Independence University in California, he has served as the National Director of Operations for 23 sleep related breathing disorder clinics across the United States.
Find Out More About Outsourcing Your RT, PDPM, And Increased Profitability
At Aeris Consulting, we specialize in sleep and respiratory care for nursing homes, correctional institutions and more. We can help you keep the necessary staff on hand for your current number of patients and handle increased patient numbers as needed. Our respiratory staff members are experienced, licensed and trained, and can handle all your patients’ needs…from assessment and monitoring, to treating acute respiratory needs.
We offer temporary staffing services, for 13 to 26 week assignments, and can enable you to bridge the gap between part-time and full-time hires, with effective staff members filling in until you find full-time staff. Aeris Consulting is ready at a moment’s notice to deliver assistance for your supplemental staffing as needed.
Reach out to us for your nursing home needs, including temporary staffing, equipment maintenance and repairs, and equipment and supply rentals. We serve over 100 contracted facilities throughout the United States, and we work to provide our skilled nursing partners with cost-effective solutions.
Click here to contact us today.
Aeris Now Offers PPE Supplies in Bulk
In an effort to keep our clients safe during these trying times, Aeris is offering PPE supplies in bulk to facilities we work with. Aeris is dedicated to providing large quantities of personal protective equipment to medical offices, skilled nursing facilities and surgical centers throughout the United States.
Our team sources top quality PPE products from around the world and warehouses them for direct distribution to medical facilities. Our parent company has contracts with over 100 facilities nationwide to provide respiratory supplies and PPE on a regular basis.
Take no chances and click here to contact the Aeris staff today for PPE supplies. We hope to help you move forward safely.