GPS 2024 PA/LTC MEDICINE PREDICTIONS

Geriatric Practice Solutions, A Division of Healthcare Practice Solutions, LLC
2024 Post-Acute/Long-Term Care (PA/LTC) Medicine Predictions
 
As we move into 2024, the Post-Acute/Long-Term Care (PA/LTC) Medicine industry is expected to undergo significant changes. Here are some of the predictions for the year ahead:
 

1. 1. Following long-established consolidation trends in other medical specialties, small independent PA/LTC medical practices will need to affiliate with or be consumed by larger practices.

 2. PA/LTC medical practices that have waited out joining Accountable Care Organizations or other value-based medicine programs will have to jump in to try to capture revenue lost to fee for service schedule fee cuts and the continued growth of lesser paying Medicare Advantage payors.

3. With Medicare Advantage payors controlling 50% or more of the Medicare enrollees in many markets, specific operating policies and procedures will need to be put in place, replacing the historical one-size fee-for-service fits all approach.  

4. Successful PA/LTC Medicine practices will create and expand upon formal operating relationships with the operations and clinical leadership of PA/LTC community operators. Institutional Special Needs Plans (I-SNPs) will specifically drive facility operators to expand upon the current focus on averaging metrics such as return to hospital rate and focus on individual resident/patient performance metrics.  

5. Big data management and artificial intelligence will impact PA/LTC practices. Medicare Advantage is heavily invested in AI as are Medicare Value Based Reimbursement players, some of whom are heavily capitalized with venture capital.  

​These predictions suggest that the PA/LTC Medicine industry is poised for meaningful change in the coming year. It will be important for providers to stay up to date with these changes and adapt their practices accordingly.

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