Skill Nursing Facility
Skill Nursing Facility (SNF) care landscape is changing rapidly – from national policy changes to more managed care residents in your own markets.
Skill Nursing Facility (SNF) care landscape is changing rapidly – from national policy changes to more managed care residents in your own markets.
Reimbursement Challenges
The SNF industry is in an unparalleled period of uncertainty with changing regulations, reimbursement models, and aging population
Population Decline
The number of residents for skilled nursing is currently decreasing at a rate of 1% per year
Financial Pressure
They operate on thin margins due to inadequate Medicaid reimbursement along with declining private-pay population numbers
Value-based Payments
Shift to value-based payments and managed care has created a per-patient daily revenue slide as the patient mix increases
To meet the growing challenges, providers need experienced professionals using industry best practices to optimize revenue and to bill payors efficiently and accurately. Our clients across the SNF care, rely on our expertise in Revenue Cycle Management to maximize their billing and reimbursements. SolvEdge offers industry-leading expertise in RCM for Skill Nursing Facilities around the globe. Our strategic approach allows us to deliver support, processes and strategies that are essential to optimizing revenue and ensuring accurate and timely billing. Our comprehensive suite of revenue cycle management services helps Skill Nursing Facilities:
Minimize denials and underpayments
Manage claims and remittances
Improve patient access and eligibility verification
Improve collection of patient payments
Improve medical coding accuracy and mitigate regulatory risk
Manage daily revenue cycle and business operations effectively and more
See why more than 350 hospitals count on SolvEdge to transform their bottom line.