There was a time not long ago when senior living was essentially a 100% private-pay business. But it’s a rare state these days that does not let Medicaid help with the tab.
To be sure, welcoming Medicaid into the picture was a somewhat controversial move. On the plus side, Medicaid has provided millions of dollars that might not otherwise have been available. For quite a few struggling operators, such payments have spelled the difference between survival and creditor protection.
But the Medicaid-payment safety valve has some troubling strings attached. Among the most obvious is this: you want Medicaid dollars, you have to play by Medicaid’s rules.
– McKnight’s Senior Living