Assisted Living and Medicaid: Will it Harm a Great Product?
Thursday, June 2, 2016, at 1:00 p.m. (Eastern)
When purpose-built and professionally managed assisted living burst on the seen 25 years ago, consumers were starved for the product. It became the hottest development product in seniors housing within a few economic cycles, and in its early life it became an upscale alternative to old skilled and intermediate care facilities. Then Medicaid waivers came into existence for assisted living, and some of the new properties had a Medicaid census up to 20% or higher in some states. From a state government budget perspective, assisted living saved the state money as a cheaper alternative for appropriate residents than a nursing facility. Some states require a Medicaid or income-qualified set aside for a certain number of units in new assisted living communities. Old nursing facilities that can’t compete in the subacute/rehab skilled nursing market may be turned into a modern Medicaid ALF. What started as a private pay product may evolve into a state-funded product, at least for some percentage of the population.
In this session you will:
- Which states we will most likely see a growing Medicaid presence in assisted living.
- The impact on new development if there are more restrictions.
- The impact on consumer demand as assisted living evolves.
- The likelihood of SNF conversions to Medicaid ALFs and what that means for values.
- What will happen to Medicaid rates for assisted living, especially as the influence of Managed Care grows in seniors housing and care.
- How lenders will respond to a change like this in the market.
- And much more!
PLUS… your chance to ask our panel of experts any questions aboutassisted living and medicaid.
COST: Buy now for $297 per dial-in connection.
REGISTER TODAY for this unique webinar and learn about assisted living and medicaid from our panel of leading industry experts — without ever having to leave your desk.
This educational offering is approved for 1.50 credit hours by the National Association of Long Term Care Administrator Boards (NAB). Upon webinar approval and enrollee’s successful completion of the test, Irving Levin Associates, Inc. will issue a NAB certificate of completion for students to issue to their state licensure boards.