Shrinking reimbursements and rising healthcare costs are forcing many nursing homes in New York to turn to a new model of care where patients receive medical attention in the comfort of their own homes, according to a New York Times report.
Under the new model, a team of care providers, including physicians and social workers, provides managed care for patients in their homes or adult day-care centers. Published research suggests the new model can reduce healthcare costs and yield better patient outcomes, according to the report.
The new managed care model is springing up across the nation. According to the report, the number of managed care programs for elderly patients has doubled to 84 nationwide since 2007. Meanwhile, the number of nursing homes has declined. In New York, the number of nursing home beds has dropped from 119,691 to 116,514 from October 2007 to January 2012.
This change is largely driven by cuts to Medicare and Medicaid, programs that nursing homes rely on to stay financially viable. President Obama proposed a budget that would cut payments of $56 million over 10 years to long-term care facilities and providers.
Under the new model, a team of care providers, including physicians and social workers, provides managed care for patients in their homes or adult day-care centers. Published research suggests the new model can reduce healthcare costs and yield better patient outcomes, according to the report.
The new managed care model is springing up across the nation. According to the report, the number of managed care programs for elderly patients has doubled to 84 nationwide since 2007. Meanwhile, the number of nursing homes has declined. In New York, the number of nursing home beds has dropped from 119,691 to 116,514 from October 2007 to January 2012.
This change is largely driven by cuts to Medicare and Medicaid, programs that nursing homes rely on to stay financially viable. President Obama proposed a budget that would cut payments of $56 million over 10 years to long-term care facilities and providers.
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