Five Months to Patient-Driven Payment Model – Is your Skilled Nursing Facility Ready?
In October 2019, the new Patient Driven Payment Model goes into effect, with an entirely new method for determining Skilled Nursing Facility reimbursement. At Vohra Wound Care, we have been working with our Physicians and Facilities to help them prepare. With expert assistance from Gravity Healthcare Consulting, we have established that wound care is a “hidden gem” in helping facilities ensure that PDPM becomes a clinical and revenue improvement opportunity.
While PDPM is intended by CMS to be “revenue neutral”, their own internal studies have shown a significant alteration in who is likely to see revenue changes as a result, with large, urban skilled nursing facilities at particular risk compared to current payment methodology. Many consultants summed up these changes as, “while CMS has touted PDPM as a “revenue neutral” payment shift, for most providers, PDPM equals a reimbursement reduction, unless significant changes are enacted”.
So, what kind of changes can your facility make to be prepared for PDPM? There are three stages to being fully prepared:
Education around PDPM especially in the Non-Therapy Ancillary (NTA) and Nursing (N) areas
Effective clinical treatment options that meet the new guidelines, with a focus on early diagnosis and documentation (within 8 days of admission)
Detailed documentation of treatment is paramount as there is an expectation of increased auditing especially in the early stages of the program
At Vohra, our specialist Wound Care Physicians provide consistent weekly physician-led beside care, document wounds in a proprietary wound-centered electronic health record and have a dedication to in-services education that will improve your wound care program. We can help your team understand how proper, dedicated wound care helps your patients heal better, (demonstrated improved wound healing time by 21 days and Medicare expenses cut by almost 50%). We can also help you make changes to ensure you properly code and document care that can ensure accurate case-mix adjustments. Proper documentation, care, and coding can affect reimbursement by as much as 30%!
To learn more about what Vohra can do to support your transition to PDPM, please contact us at email@example.com or call us on 305-866-7123