The new law requires facilities to spend at least 70 percent of revenue on direct resident care, and at least 40 percent on staff who care for residents. The law also caps nursing home profits at 5 percent and requires owners to redirect any additional funds to the state’s nursing home “quality pool,” which rewards nursing homes providing high-quality care.
Over 250 New York nursing homes and trade groups filed a federal lawsuit seeking to block the new law Dec. 30, alleging that it violated the U.S. Constitution and contradicted the supremacy clause.
Becker’s 3rd Annual Fall Chief Pharmacy Officer Summit is the top tier event that the people leading the future of pharmacy convene. This 3-day event is built specifically for Chief Pharmacy Officers and senior pharmacy leaders. The sessions examine the workforce, financial and clinical priorities shaping pharmacy today. Becker’s is where candid discussions flourish and new ideas thrive. Becker's 3rd Annual Fall Chief Pharmacy Officer Summit
