Pressures impacting small health care providers nationwide are ending an era of rehabilitative care in the area of Galloway Township, NJ.
Bacharach Institute for Rehabilitation agreed in September to have Select Medical acquire its licensed beds, with which Select will build a new rehabilitation hospital, operating under the Bacharach name. AtlantiCare is set to acquire the Bacharach facility located adjacent to its Mainland Campus hospital as part of the deal, reports The Press of Atlantic City.
The deals are pending approval from various state agencies.
The deal will create a more sustainable future for rehabilitative health care in the area, said Richard Kathrins, Bacharach’s chief policy officer.
One of the more critical challenges facing Bacharach has been the growth of managed health insurance plans, such as Medicare Advantage and Medicare Shared Savings programs. With stricter rules surrounding when one can be admitted into a rehabilitation hospital, many patients that would otherwise receive treatment at Bacharach are denied admission. Patients are often referred to lower levels of care instead, such as a nursing home, draining Bacharach of patients and revenue in the process, Kathrins said. Read more.
