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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
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

                                                For more information please send an email to info@marcusevanscy.com

                                                All rights reserved. The above content may be republished or reproduced. Kindly
                                                inform us by sending an email to press@marcusevanscy.com




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
individually tailor their schedules of keynote presentations, think tanks, seminars and one-on-one business meetings.


For more information, please visit: www.marcusevans.com



Upcoming Events

National Healthcare CFO Summit - www.healthcare-summit.com


National Healthcare CNO Summit - www.healthcare-summit.com


National Healthcare CXO Summit - www.healthcare-summit.com




To view the web version of this interview please click here: www.longtermcaresummit.com/JessicaLe

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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 For more information please send an email to info@marcusevanscy.com All rights reserved. The above content may be republished or reproduced. Kindly inform us by sending an email to press@marcusevanscy.com 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 individually tailor their schedules of keynote presentations, think tanks, seminars and one-on-one business meetings. For more information, please visit: www.marcusevans.com Upcoming Events National Healthcare CFO Summit - www.healthcare-summit.com National Healthcare CNO Summit - www.healthcare-summit.com National Healthcare CXO Summit - www.healthcare-summit.com To view the web version of this interview please click here: www.longtermcaresummit.com/JessicaLe