Hospital relationships are a critical component for success within the current post-acute care (PAC) environment. With hospitals now more willing than ever to listen, building these relationships should be one of the top priorities for skilled nursing providers and other PAC providers. Most likely, a partnership is the approach to take, rather than simply a referral source engagement. To be a successful post-acute provider in the ever-changing world of value-based payments, the partnership way of thinking should be top of mind.
The Labor Department reported that nonfarm payrolls increased by only 38,000 positions in May, much less than the 160,000 positions consensus projection. Over the past 3 months, monthly job increases have averaged 116,000, down sharply from the average gain of 240,000 over the past two years. The weakness in May’s payrolls was broad-based. Employment fell in information services, temporary services, manufacturing, construction, and mining, but increased in government, leisure and hospitality, financial services, and retail. The 34,000-job loss in information largely reflected the effects of the Verizon strike, which occurred during the reporting period. Workers returned to work this week.