June 13, 2016
Marcum's national healthcare leader Matt Bavolack wrote about the trends that will shape tomorrow's nursing homes, for the Hartford Business Journal.
By Matthew Bavolack
With close to 15,600 long-term care providers operating throughout the country and a continually changing regulatory environment, providers face a variety of operational and compliance challenges. Opinions on which are the most pressing challenges depend on whom you ask, but two key areas of change come up repeatedly: residents' care needs and reimbursement.
No longer are nursing homes places where the elderly end up spending their last years by default, and no longer can operators rely solely on restorative care as their fail-safe to break even. So what might the nursing home of tomorrow look like?