In this blog article, you will find out all about skilled nursing facility billing – what it is, why it is important for your business to keep an eye on skilled nursing facilities and the different billing methods that can be used.
What are skilled nursing facilities?
Skilled nursing facilities are assisted living facilities that provide health care services to individuals who require a higher level of care than what is provided at a retirement community. The individual will have either a permanent or temporary need for skilled nursing facility care.
How do you bill a skilled nursing facility?
The amount of services a skilled nursing facility will provide and how they’re billed depend on the type of care they provide. The facility can bill for direct service costs like nursing, housekeeping, food, and more. They can also bill for indirect costs like drugs, equipment, and supplies that are used in the care of residents.
A skilled nursing facility billing statement is typically broken down into three sections: an admission charge, a daily rate for direct-service items, and an administration fee that covers the cost for running the business.
Payment methods for billing to skilld nursing facilities
In order to make payment for the services provided, you can use cash, check, or credit card. Some facilities offer patients the option of sending a debit card for payments. In addition, some facilities will work with health insurance providers to help make your care more affordable. It is important to know that skilld does not bill for skilled nursing services, therapy services, or pharmacy dispensing.
In general, you will be asked to pay a reasonable amount for your care based on what your insurance covers. A facility can assess fees in different ways. Some may charge for each day of the stay, while others may charge only for the number of days you spent in the facility.
Other common payment terms
Our country is the fastest aging population in the history of the world. As a result, there are more elderly people than ever before. In order to take care of them, there are more nursing homes and skilled nursing facilities than ever before. These facilities provide care for patients with long-term medical conditions like Alzheimer’s or Parkinson’s disease.
When you or your loved one needs skilled nursing care, you will likely experience some level of disruption in your regular life. From the time they are admitted to the time they are discharged, there will be many steps taken in order to help them maintain their health and quality of life. The most important step is filling out a form or contract with your facility. It includes all the information that has been gathered by the facility and outlines what they can provide for you.