A new study completed by Kaiser identifies what many operators in the nursing home industry already know.
As residents’ conditions are getting worse, occupancy levels are decreasing. Investigators recently identified that half of the nation’s nursing home residents had a dementia diagnosis and approximately two thirds of residents were currently receiving psychoactive medications such as anti-anxiety drugs, antidepressants or antipsychotics.
Just under a third of current nursing home residents have a psychiatric condition. The total nursing hours increased per resident for each day to 4.1 throughout 2016.
Other findings from the Kaiser study are that a proportion of for-profit-facilities has increased to 69% in 2016 and that Medicaid remains the primary payer for most of these facilities.
If you are contemplating long term Medicaid planning, it essential to consult with an experienced estate planning attorney to help you accomplish these goals and determine your next steps. Protecting a loved one’s interest is imperative and it is necessary to complete a thorough review of proper Medicaid planning to figure out how these facilities will be paid for.