“We are fortunate, the team we work with at Symbria is excellent. They work well with our team, and for all of us, our residents come first, and they are consistently happy.” says Tony Harvat, CEO of Tabor Hills, a 52-acre senior living campus in Naperville, IL, west of Chicago. Tabor Hills offers independent living, supportive living, short-term rehabilitation, and long-term care.
Recently, Tony talked about the benefits of Symbria’s One Price solution for Tabor Hills’ skilled nursing community. Only an experienced, innovative partner that knows the needs of senior living providers and offers the full range of ancillary services – therapy, pharmacy, and respiratory therapy – can offer an inspired management solution like Symbria One Price.
One Price client organizations receive a single monthly bill from Symbria inclusive of all services for patients whose care is reimbursed under PDPM methodology, including those on Medicare Part A stays and others whose managed care plans use PDPM-based reimbursement. One daily rate – i.e., One Price – that represents a percentage of the client’s PDPM revenue, covers PT, OT, and speech services; medications; and respiratory therapy. About 20 very expensive brand-name drugs are the only exceptions to the One Price plan.
Why do skilled nursing providers like Tabor Hills opt for One Price?
Budgeting is much easier and more accurate. “Our skilled nursing PPD reimbursement is pretty consistent, and our Symbria pricing for all services is based on that revenue,” said Tony. “So, we are able to forecast and budget very predictably.”
Admission decision-making is quicker and more confident. One Price eliminates the need to do complex analysis for each admission. Providers who can make faster decisions are likely to be awarded more admissions. “We know what the high-cost med carve-outs are,” Tony explained. “With Symbria One Price, we know our margins prior to admissions and that means we can make better admissions decisions.”
Accelerated billing brings revenue in faster. One bill from Symbria makes reconciling billing easy, and at the same time, clients receive downloadable detail to support their own billing to payers. One client estimates they save a full two days in billing preparation.
Symbria takes on the risk. Three decades of experience providing therapy and pharmacy services to respected skilled nursing providers gives Symbria the confidence to shoulder the risk associated with a revolutionary concept like One Price. “We appreciate this kind of pricing transparency and predictability,” said Tony. “Also, the quality of our Symbria team brings even more value.”
Symbria: Trusted Partner. Proven Outcomes.
For more information about Symbria’s One Price plan, call 630.413.5824 and they will connect you with the appropriate Director of Business Development.