If you are responsible for compliance at a long-term healthcare facility, you probably know all about Payroll-based Journal (PBJ) and the 5-star rating.
The Centers for Medicare and Medicaid (CMS) requires long-term healthcare facilities to electronically submit direct care staffing (including agency and contract staff) and census information on a quarterly basis. CMS uses the data to analyze staffing patterns and populate the staffing component of the Nursing Home Compare website. CMS generates two reports: a data brief report that describes nursing staffing levels and a report that evaluates CMS's efforts to ensure data accuracy and improve resident quality of care.
Everyone—from consumers and lenders to providers and management—use the 5-Star rating to size up your facility and make decisions accordingly. So, as a healthcare provider, nearly everyone in your organization is affected by your score. Poor ratings will lead to lower occupancy, which in turn makes operations decline. Declining scores can be a red flag for operational inefficiencies, losses and claims. Investors and financial partners take the star ratings into account as well, so the ratings will impact your facility’s credit worthiness. Bad credit opens the door to a host of problems, from difficulty obtaining financing for capital improvements and higher interest rates, which negatively impact cash flow.
Learn how to automate the process, avoid errors and save time. Read our quick and easy guide to PBJ now.
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