Articles

Ways LTC Operators Can Comply with Pandemic Relief Funding, Improve Overall Operations

Next winter, not only could we experience a second wave of COVID-19, but it’s guaranteed that we will—in tandem—experience the seasonal flu.

Recently, SRX’s Paula Agoglia and Dhaval Thakkar spoke with Skilled Nursing News about the opportunities for long-term care operators to improve pharmacy management and drug utilization under Medicare’s Patient-Driven Payment model (PDPM).

The incredible challenges presented to nursing home and long-term care operators in the face of the COVID-19 pandemic have highlighted the need for the industry to work together to affect sustainable change.

On Friday, May 1, 2020, Centers for Medicare and Medicaid (CMS) issued an Interim Final Rule (IFR) requiring skilled nursing and long-term care facilities (LTCFs) to immediately begin notifying residents and their families regarding COVID-19 updates at their facilities. It also requires facilities to submit their initial reports to the National Healthcare Safety Network (NHSN) no later than May 8, 2020.

SRX has been named a Top 10 Long-Term Care Solution Provider for 2020 by Healthcare Tech Outlook. This award recognizes leading companies in long-term care that are providing innovative solutions and making an impact in the industry.

We firmly stand with the nursing home and long-term care industry, and recognize their efforts on the frontlines of this crisis.

At SRX we are dedicated to leading innovative developments in the long-term care industry. Even in this time of anxiety and uncertainty, we are doing everything in our power to find solutions to the many challenges the industry is facing in ensuring the health and safety of residents, as well as all the healthcare workers who are on the frontlines in the battle against the coronavirus pandemic.

Managing the drugs that come in and out of your long-term care facility is no small task, and mis-managing your medication-related processes can result in overspending on the second largest cost center for operators (outside labor).