{"id":2130,"date":"2018-01-22T10:36:25","date_gmt":"2018-01-22T10:36:25","guid":{"rendered":"http:\/\/www.ltccs.com\/?p=2130"},"modified":"2022-03-25T19:23:20","modified_gmt":"2022-03-25T19:23:20","slug":"ltc-consulting-lens-good-news-vs-bad-weather","status":"publish","type":"post","link":"https:\/\/ltcally.com\/articles\/ltc-consulting-lens-good-news-vs-bad-weather\/","title":{"rendered":"LTC Consulting Lens: Good News vs. Bad Weather"},"content":{"rendered":"<p>Another great clip!<\/p>\n<p><iframe loading=\"lazy\" src=\"https:\/\/www.youtube.com\/embed\/cJLVRLrejFI\" width=\"560\" height=\"315\" frameborder=\"0\" allowfullscreen=\"allowfullscreen\"><\/iframe><\/p>\n<p>Stay informed with LTC&#8217;s outlook on the Healthcare business world, our AR collections, receivables financing and collection of receivables processes. News, upcoming changes, and policy updates. A great way to keep on the pulse of our industry, without searching further than YouTube.<\/p>\n<p>Subscribe to our <a href=\"https:\/\/www.youtube.com\/channel\/UCIRoQos5SAdPaBSCVHRVJWg\/videos\">You Tube Channel<\/a> so you don&#8217;t miss the next one! <a href=\"https:\/\/www.ltcally.com\/contact\">Get in touch with us about a free evaluation!<\/a><\/p>\n<p><em>Transcript: <\/em><\/p>\n<p><em>Here we go 2018. If you\u2019re like the most of us here, you probably were covered in snow for the first part of this month and finally just creeping out of it. Or you\u2019re one of those people that completely avoided it \u2013 you were in beautiful weather \u2013 and you were the ones sending screenshots to your friends of the beautiful forecast you had for the rest of the week, getting us all jealous. Thank you, that was really great. No, it brightened our day, thanks!<\/em><\/p>\n<p><em><br \/>\nEither way, whoever you are, it\u2019s the beginning of the year it\u2019s January. It\u2019s like that fresh snow is out there, nobody stepped on it yet, we like to just keep it positive, keep that holiday cheer going a little bit longer. So for this video I\u2019m going to give everyone some good, positive stories coming out of our industry. So hopefully it\u2019ll brighten up your day a bit.<\/em><\/p>\n<p><em><br \/>\nNo. 1 \u2013 we have out of Connecticut. There was a pending budget cut for the Medicare Savings Program. Medicare Savings Program was in place by the state in order to help many Medicare beneficiaries \u2013 senior citizens \u2013 that were getting coverage for their Medicare part B premiums, for some co-pays, deductibles, a lot of out of pocket expenses. And this budget cut that was going into place was going to change the eligibility standard for this program and therefore, many, many seniors were going to lose that coverage. In the beginning of this month, the state announced that although it was going to make about $70 million in savings by going ahead with this budget cut, it was also going to make about 113,000 seniors really, really mad. That was not something that they were just able to pull off, and therefore, they announced that they were keeping everything status quo. The same eligibility standards that were in place are going to stay in place and everybody gets the coverage that they were expecting. So, I don\u2019t know what they\u2019re going to do about that big gap in their budget but maybe a suggestion is don\u2019t try to pass a budget cut that has so much pushback from the whole state. But that\u2019s just a suggestion. I thought that was great news.<\/em><\/p>\n<p><em><br \/>\nNow, I saw in the New York Times this morning an interesting story about hospitals that are losing patience. Many hospitals are losing patience. And they\u2019re running out of patientce because they\u2019re waiting and waiting, the doctors are waiting, for medication to be coming in and the medication in not arriving. When they finally get this medication, the prices are extremely expensive, skyhigh costs, and did you get my joke by the way with the patience thing, I was talking about the other \u2013 oh you got it \u2013 ok good, I just wanted to make sure, I wanted to make sure you got my joke. The medication is very hard to get and when they finally get it it\u2019s really expensive. They said you know what, let\u2019s pull a page out of the Uber playbook and let\u2019s just cut out the big guys and go straight to the source. So that\u2019s what they did, they got about 300 hospitals together, they went straight to the manufacturers of the medication and they said we want to get these generic medications on our own at a very reasonable cost so we can distribute it to our patients. And that\u2019s exactly what they\u2019re doing. The FDA is actually backing this as well, and it\u2019s going to make available as this thing moves ahead, medication, much more medication, at much more reasonable pricing, which is something that\u2019s really great news for all the other news that we\u2019re hearing about medication prices being sky high and just ridiculous.<\/em><\/p>\n<p><em><br \/>\nLastly, we have out of Syracuse, New York, actually an LTC client that took over a healthcare facility Bishop Healthcare, Mr. Ed Farbenblum. When they came in, one of the first things they did was announce that they were committing to a $1.5 million salary raise for the nurses and the nurse\u2019s aides in the facility. It made the local news, it was really exciting, and obviously getting started off on the right foot by having the staff happy and appreciative and that spreads to the rest of the facility. So great job Ed and we wish you the best of luck.<\/em><\/p>\n<p><em><br \/>\nAnd I hope that these stories will keep you smiling, even if your friend sends you one of these-while you\u2019re stuck under the snow, you\u2019ll still be good to go. So until next time, thank you so much for&nbsp;watching and keep warm!<\/em><\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Another great clip! Stay informed with LTC&#8217;s outlook on the Healthcare business world, our AR collections, receivables financing and collection of receivables processes. News, upcoming changes, and policy updates. A great way to keep on the pulse of our industry, without searching further than YouTube. Subscribe to our You Tube Channel so you don&#8217;t miss <a href=\"https:\/\/ltcally.com\/articles\/ltc-consulting-lens-good-news-vs-bad-weather\/\" class=\"more-link\">&#8230;<span class=\"screen-reader-text\">  LTC Consulting Lens: Good News vs. Bad Weather<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"content-type":"","footnotes":""},"categories":[23],"tags":[],"class_list":["post-2130","post","type-post","status-publish","format-standard","hentry","category-videos"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>LTC Consulting Lens: Good News vs. Bad Weather | Articles | LTC Ally<\/title>\n<meta name=\"description\" content=\"Stay informed with LTC&#039;s outlook on the Healthcare business world, our AR collections, receivables financing and collection of 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