Month: January 2016

4 Ways Senior Housing Providers Can Chop Operating Costs This Year

4 Ways Senior Housing Providers Can Chop Operating Costs This Year

A new year is on the horizon, which gives senior care executives the opportunity for a clean slate and the chance to take a look at the expense and revenue column in the budget. Operating costs can be big or small, but even cutting the small ones can make a substantial impact at year’s end. Senior care communities can lose money without an executive even noticing it until it is too late. Here are some strategies to control operating costs and stop unnecessary spending.

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Your Health Information is YOURS

Earlier this month, the Office of Civil Rights released a toolkit to help individuals understand HIPAA and their rights to their own health data. The HIPAA privacy rule has alway granted patients the right to access and receive a copy of their health information from their doctors, hospitals and health insurance plans. This right is what allows patients to take ownership of their own health. Doing so allows individuals to monitor conditions, comply with treatment plans, fix errors in their records, track wellness, and directly contribute their information to research. At Keystone IT, we believe so strongly that this right is imperative to health and wellbeing that we established the following vision for our company: “Keystone IT seeks to enable and empower every person to control and improve his or her own health.”

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3 Reasons Why Value Based Care Reduces Senior Living Operating Costs

3 Reasons Why Value Based Care Reduces Senior Living Operating Costs

For decades, now, healthcare and senior services have been reimbursed according to volume. This fee-for-service method is now going by the wayside as providers strive to incorporate value based care. Under the changes brought about by the Patient Protection and Affordable Care Act of 2010, value based care is to be built soundly on efficiency and quality. It’s about finding better ways to do things to bring about even higher quality care at lower costs.

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The Odd Couple: How Fall Risk Assessments Improve Resident Retention

The Odd Couple: How Fall Risk Assessments Improve Resident Retention

When looking at financial reports, senior care executives must not get too wrapped up in looking at move-ins for the month. Instead, closing the back door and keeping residents in the community is often the way to a more successful bottom line at the end of each month. It’s not secret that resident retention is just as important – if not more so – than moving residents into a community. However, it might be a surprise that focusing on clinical items, such as fall risk assessments, can increase resident retention rates.

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Is Remote Health Monitoring a “Must Have” Technology in Senior Living?

Is Remote Health Monitoring a “Must Have” Technology in Senior Living?

Senior living executives are in a constant race to stay on top – on top of resident care, on top of staff satisfaction, on top of family relationships, and on top of the competition. With technology playing a bigger role in senior care services, it can be difficult to ascertain which technology can put a community on top – and which technology is just flashy, but not effective. Remote monitoring technology has proven that it is here to stay and is quickly becoming an industry standard. Take a look at how remote monitoring can keep your community in the lead in areas ranging from employee engagement to clinical outcomes.

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