What a rollercoaster ride this year it was for long-term care professionals. With no rest for the weary following last year’s transition to MDS 3.0, providers in 2011 faced waves of regulatory, economic and societal challenges that tested their adaptability and fortitude.
Below are 10 of the top news stories that impacted the LTC industry in 2011:
Here come the boomers
From staffing levels and clinical care to housing design and activities programming, the influx of baby boomers starting last January—at the rate of 7,000 a day turning 65—portends sweeping changes for the senior care industry.
The LTC industry is bracing for fallout from CMS’s 11.1 percent Medicare payment reduction to SNFs for 2012 in new rates that were implemented October 1, including staff reductions and other belt-tightening solutions.
The rise of accountable care organizations
Super committee’s deficit reduction failure=automatic spending cuts
The congressional “super committee” announced in late November its failure to agree on a proposal that would reduce the nation’s deficit by $1.2 trillion, triggering across-the-board spending cuts to government programs starting in 2013.Included in the $1.2 trillion in triggered cuts, which take effect over the course of a decade, is a reduction to Medicare not to exceed 2 percent of the program’s yearly cost.