PDPM’s Effect on Budgeting & Cost Reporting

PDPM marks the official end to predictability in the Medicare budgeting process. While the transition to PDPM is intended to be Budget Neutral, the aggregate figure will be comprised of per diem rates that vary by hundreds of dollars per-day, per facility, and that will change drastically from month-to-month. This session will provide strategies for managing (and explaining) the budgeting process to Board members, investors and lenders, in addition to introducing compliant protocols to monitor and reconcile variances in compliance with cost reporting guidelines.