Risk Management and Nursing Home Insurance Rates

Risk Management and Nursing Home Insurance Rates

Owners and operators of nursing homes have a duty to provide a proper standard of care to their residents. In order to provide your clients with the best possible nursing home insurance rates you should assist them in implementing a risk management plan that could help in the prevention of injuries and illnesses that could greatly affect those rates.

These facilities must have a sufficient amount of nurses and other staff members and employees in order to meet the needs of each resident in their care at all times. They must also establish a comprehensive, individualized care plan for each resident that helps to establish their needs and how those needs will be met.

General issues regarding the elderly

Many residents of nursing homes may become dehydrated simply because they are not provided with sufficient fluids. Common symptoms of dehydration include dizziness, constipation, fever, confusion, and decreased urine output. Severe dehydration can actually lead to more serious illness and even death; therefore residents must be given sufficient fluids to maintain proper hydration and health.

Medications must be properly regulated

Many of the residents likely depend on medicine to treat illnesses and help maintain their health. In order to ensure that medications are available and used safely, federal and state rules require physicians to properly order, record, store, administer and monitor medications. Medication problems, for example, over–prescribing of drugs and other medication errors, are common despite the detailed standards being issued.

Nursing homes must strive to control the spread of infection

All nursing homes can benefit from having an organized infection control program that will assist workers in preventing diseases and infections from developing and spreading. To meet this requirement, at a minimum, nursing homes must:

  • Investigate, control and prevent infections in the facility
  • Screen residents and employees for tuberculosis
  • Require staff members to wash their hands after each direct contact with a resident
  • Clean and disinfect contaminated articles and surfaces, and
  • Prohibit employees who have communicable diseases (or infected skin conditions) from having direct contact with residents or their food

By ensuring that your clients follow these guidelines and implement other strategies to improve current conditions and keep residents safe they can benefit from affordable nursing home insurance rates. Contact a MGU that can answer any specific questions you may have.