Skilled Nursing Facilities

Applying Rates for Market Rates Management

Accepted Market Rates must be applied in Payer Rules and Rate schedules to update existing residents’ census and rates across the facilities. If the Market Rates are not applied, residents are still using the applied rates from the previous date range. Apply Rates updates residents census and rate history, affecting residents accounts receivable. It is important to print and review the room and rates for accuracy before applying the rates.

Note

If you schedule apply rates from the management console, the rates update automatically overnight and you are not required to complete this procedure. 

  2. Select Payer.

  3. Click print for the applicable Rate Schedule.

  4. Click Print in Payer Info Print Options. The report appears in a new web page.

  5. Validate the living units/rates and close the report web page.

  6. Click edit rates to enter any changes needed and validate the report again.

  7. Click Apply Rates.

  • Always print and validate the rates before applying the rates.

  • Accepted rates must be applied in Payer Rules and Rate schedules to update existing residents’ census and rates history.

  • After rates are applied, the rate template can no longer be deleted.

  • If a resident has a custom room the new rate line has the custom rate from the previous rate line and if applicable, the reimbursement rate from the new rate schedule.

  • If a resident has a custom reimbursement rate, the new rate line has the custom reimbursement rate from the previous rate line and the standard rate from the new rate schedule.