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Critical Challenges in the Long-Term Care Industry - Jessica Le, Executive Insight
1. Critical
Challenges
in the Long-Term Care Industry
be lifestyle communities rather than to treat seniors. The baby boomers
“dreary old nursing homes”, will bring millions in revenue to the
preparing for 70 million baby industry over the next several
boomers that have just begun to decades by presently placing their
retire and continually finding ways parents in facilities and eventually
to improve patient care and themselves, as they look to find
satisfaction. communities that are comfortable
and capable of supporting their
The central issue that long-term needs and wants.
care providers are facing is
pressure to boost the bottom line.
With less reimbursement money
Jessica Le, Executive Producer of coming in, it is essential that
the marcus evans Long-Term margins are controlled. The two
Care CXO Summit Spring 2012, ways that providers are looking to
on the key issues facing the long-
term care industry.
do this are through cost cuts and
new revenue streams. Thorough
The central
analysis of every department
typically results in several areas of issue that
long-term care
The healthcare industry has improvement, from more efficient
undertaken tremendous changes processes to unfortunate layoffs.
during the Obama administration New revenue streams provide a
and long-term care has certainly
been affected by this
way to grow the company long-
term but most solutions will require
providers
transformation. Healthcare reform
called for cuts in reimbursement to
at least minimal short-term
funding. Some examples of this
are facing is
skilled nursing facilities and the
reform also brought Accountable
revenue could be anything from a
modern Alzheimer’s wing to pressure to
Care Organizations (ACOs) into
play. These ACOs are aiming at
providing a food court, gaining
revenue from new patients and boost the
providing a continuum of care for tenants respectively.
patients, resulting in some bottom line
healthcare systems looking at Even with all the obstacles that
partnering with long-term care healthcare reform has presented,
providers to facilitate coordinated the future of long-term care
care for the elderly. Other key remains very bright. Exciting new
issues facing the LTC industry lifestyle communities are cropping
include implementing electronic up all over the country with staff
health records, branding facilities to that truly cares for and knows how
2. About the Long-Term Care CXO Summit Spring 2012
marcus evans Summits deliver
peer-to-peer information on
Offering much more than any conference, exhibition or trade show, this exclusive
strategic matters, professional
meeting will bring together esteemed industry thought leaders and solution
trends and breakthrough
providers to a highly focused and interactive networking event. The Summit
innovations.
includes presentations on the Health Care Reform, innovative quality improvement,
and staff recruitment and retention strategies.
www.longtermcaresummit.com
Please note that the Summit is a Contact
closed business event and the
number of participants strictly Sarin Kouyoumdjian-Gurunlian, Press Manager, marcus evans, Summits
limited. Division
Tel: + 357 22 849 313
Email: press@marcusevanscy.com
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About marcus evans Summits
marcus evans Summits are high level business forums for the world’s leading decision-makers to meet, learn and discuss
strategies and solutions. Held at exclusive locations around the world, these events provide attendees with a unique opportunity to
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For more information, please visit: www.marcusevans.com
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To view the web version of this interview please click here: www.longtermcaresummit.com/JessicaLe