New Report Outlines Factors for Success, Risks and Prospects Over Next Decade
The post-acute care sector must evolve to survive an onslaught of disruption coming in the next ten years, according to a new analysis by Alvarez & Marsal Healthcare Industry Group.
The report argues that despite the aging U.S. population, post-acute care facilities face an increasingly challenging, competitive landscape as a result of the IMPACT Act of 2014, the Comprehensive Care Joint Replacement (CJR) model and other payment reform initiatives; increasing Medicare Advantage plan penetration; and the growing consolidation of health systems, hospitals and physician practices. It outlines critical factors for success, identifies risks and analyzes prospects for specific post-acute care sites, including skilled nursing facilities, home care, long-term acute care hospitals, hospice, inpatient rehabilitation facilities and senior housing.
“With healthcare moving away from facility-centric reimbursement, the post-acute care sector is facing an inflection point that will produce clear ‘winners’ and ‘losers,’” said David Gruber, MD, MBA, Director of Research with Alvarez & Marsal Healthcare Industry Group. “Our analysis is intended to help operators take the steps they need to stay competitive and continue serving patients, a necessity as the U.S. population ages and requires healthcare institutions that can meet a complex array of medical, behavioral, functional and social needs.”
The critical success factors identified in the report include scale; efficiency; quality; data-driven analytics and risk management; business intelligence; integrated continuum of post-acute care offerings; patient and caregiver engagement (self-management); and management acumen. The analysis demonstrates that longer term investment opportunities are best for home care and worst for long-term acute care hospitals, with selective opportunities on the horizon for inpatient rehabilitation facilities, hospice and skilled nursing facilities.
Click here to access the report.
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Sandra Sokoloff, Director of Global Public Relations, Alvarez & Marsal, 212-763-9853