Join us January 17 with our experts from HIPAA One, Willis Towers Watson and Prime Care Technologies to ensure you are HIPAA compliant and audit-ready. Expect informative tips on: 

• Conducting risk analysis
• Leveraging cyber insurance
• Employing key technologies

With the OCR promising harsher investigative tools to “hold bad actors accountable” and with reports of 2018 fines in the millions, you won't want to miss advice from our three HIPAA-savvy experts.

In a recent McKnight's article, a group of LTC stakeholders were asked to uncover wasteful practices, and use of telemedicine ranked among the 'big three' as 'no-brainer' to save $3.5B:

1) Telemedicine not being used system-wide (projected for “at least” $1.3 billion of lost or wasted money each year)

2) Blood transfusions that are mandated by the Medicaid program only (not also Medicare) to be performed only in a hospital setting ($400 million), and

3) End-of-life care that is ill advisedly transferred to a hospital setting ($1.8 billion)

“In the next two to three years, any nursing home that doesn’t adopt telemedicine will not be competitive and economically will lose opportunities,” stated John Whitman, former nursing home administrator and Wharton School of Business professor who convened the cross-section of LTC stakeholders for the study.

Read the McKnight’s article.

Read more about Resident Telehealth Services from primeFORCE. 

If you missed our December 5 webinar, resources are now available for download. Join Cheryl Field to learn the latest on the new Patient-Driven Payment Model, including 

• Determinants and calculation of payment under PDPM
• Advantages of PDPM
• How technology can help

Effective fiscal year 2020, the new Patient-Driven Payment Model will be based on all-new direct care components, so get a jump start on the new shift during our December 5 webinar. Cheryl Field, Chief Product Officer, will cover key components of PDPM and the how the role of technology can prepare you for success: 

• The five case-mix adjusted payment components
• Determinants and calculation of payment under PDPM
• Advantages of PDPM
• How technology can help

We'll offer open Q&A after the webinar, so pencil us in for December 5!

A recent McKnight’s article reported on increases to commercial liability insurance policies for LTC providers – as much as 30 percent.

Experts with Willis Towers Watson made that prediction last week, noting that the eldercare space is difficult for payers. Their data points to the following factors that create emerging risk in senior care:

• Class-action lawsuits focused on anti-consumer, staffing, marketing and ADA violations could be coming in more states.
• Expanded litigation beyond urban areas is affecting results in suburban and exurban venues more dramatically.
• Natural disasters, including wildfires, catastrophic storms and flooding, are drawing underwriter attention to disaster preparedness.
• Although occupancy challenges have dampened M&A in the sector, significant activity persists and a focus on due diligence, vetting policies and procedures, and mitigating turnover is critical to making sure the combinations will succeed. Underwriters will still focus on pre-acquisition loss history on assets that are in play.

“Here at primeFORCE, our enterprise risk management services are positioned to help LTC operators better evaluate risk across the operational spectrum,” said Joe Stone, EVP, primeFORCE. “Due to our deep experience in the LTC marketplace and our alliance with Willis Towers Watson, we can provide clients and prospective customers with a no-cost risk audit designed to help mitigate these increases in operating insurance costs.”

Read the McKnight’s article.

Read more from Willis Towers Watson on Insurance Marketplace Realities in 2019 for Long-Term Care.

Schedule your insurance audit from primeFORCE Services.