Monthly Archives: April 2015

23 April 2015

Genworth 2015 Cost of Care Survey Results Released

Posted April 23, 2015 in Research

Genworth Financial recently released its 2015 Cost of Care Survey, a report released annually since 2004. Over the past 12 years, Genworth has uncovered several trends in the long term care services landscape. As would be expected, the cost of all types of long term care has steadily risen over the years based on their research.  However, the cost of care provided for people living in their homes has risen less than care provided in facilities. The gradual increase in cost for community-based care is good news for many consumers.

According to the 2015 report, the national median daily rate for adult day health is $69, up 5.94% over the 2014 report. Genworth began including adult day health centers in their study in 2008 when the median daily rate was $59 per day. The 2015 report included responses from nearly 1,200 adult day centers via telephone surveys during January and February 2015. Since adult day centers structure rates in a variety of ways, all rates in the Genworth survey were extrapolated to a daily (6-8 hour) rate.

Full results of Genworth’s 2015 Cost of Care Survey, including national and state data tables for care in all 50 states and other useful tools and information is available online at https://www.genworth.com/corporate/about-genworth/industry-expertise/life.html.

15 April 2015

“Doc Fix” Bodes Well for ADS

Posted April 15, 2015 in blog in News in Public Policy

On Tuesday night, April 14th, the United States Senate agreed 92-8 with a previously House passed bill to replace the Sustainable Growth Rate (SGR) method of Medicare reimbursement with a new system focused upon “quality, value, and accountability”. Commonly referenced as the “Doc Fix”, the legislation applies primarily to physician reimbursement but includes unrelated items and several nuances that bode well for ADS .

Immediately, the bill does not affect adult day services because they are not direct recipients of Medicare reimbursements. However, additional important goals of the legislation are to link Medicare reimbursements to quality metrics and to encourage better care coordination and chronic care management. These stated goals provide an opening to fortify adult day’s efforts for direct Medicare reimbursement.

Here is a link to the Kaiser Health News report and FAQs about the new legislation, which President Obama said he will sign describing it as “a milestone for physicians, and for the seniors and people with disabilities who rely on Medicare for their health care needs.” http://kaiserhealthnews.org/news/faq-could-congress-be-ready-to-fix-medicare-pay-for-doctors-2/

Roy Afflerbach
NADSA Public Policy Advisor