1200 long-term health care providers in the United States reported that documentation was their biggest challenge.
Considering that almost 70% of people turning age 65 will need long-term care at some point in their lives, it is critical to determine methods for reducing costs and improving service. Protecting revenue and the legal rights of all parties involved reduces cost and risk for the residents, families and the facility.
CVT Software’s report into the current status of the LTC admissions documentation process is the result of our study. In it, we include advice for Best Practices for cost reduction and risk mitigation through the use of cloud-based electronic forms.. We'll share results of the study here and will also make the study available to download in the near future.
Study Objective: CVT Software helps long-term care (LTC) facilities reduce compliance risk, maximize insurance reimbursements and streamline resident admissions, through a cloud-based, online, e-admissions solution. In collaboration with Rochester’s leading nursing facilities, CVT Software studied current paper-intensive admissions processes to determine areas for improvement that could be served within the scope of their electronic documentation product development.
CVT Software’s goal is to further refine their cloud-based solutions to serve the needs of LTC facilities and the community which is seeing large numbers of residents entering homes directly from hospitals and often with little family support to complete the documentation required.
A recent study by Harmony Healthcare found that more than 1200 long-term health care providers in the United States reported that documentation was their biggest challenge.
LTC liability costs are projected to increase 6% in 2017 due to increased government regulations designed to protect residents
For the purposes of this report, we use the term “paperwork” to describe the application, all the contracts, disclosures and all other documents associated with admittance into the nursing facility.