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If her facility doesn't accept any Medicaid residents, you'll have to find one that does. You should be looking for that other facility now if that's the case.
IMO if the MC does not except Medicaid then you may need to take what money is left and pay a couple of months at least privately in a LTC facility. That will give you time to apply and receive Medicaid.
it’s really important to be absolutely clear that the MC takes Medicaid. If not, then she may need to be shown “at need” for a NH as it’s skilled nursing care & covered by Medicaid.
The facility should have a list of financial items needed to accompany the application. I’d suggest that you get this list now and start to gather up the items and get them Xeroxed. It could be that the state will want 5 years of monthly banking statements, her will, life insurance info, any documents on real property sales within past 5 years. It takes time to find & organize, so ask the office for the list and get a binder going. Then the month she come in under the asset max you’ll be ready to submit her LTC Medicaid application.
if this place does it as a roll over from private pay to Medicaid Pending, it’s pretty straightforward if you have all the items on the list to submit at the same time as the application. If at all possible you want it to be all documents all at the same time. Then as she’s Medicaid Pending, if she’s in a single room, she likely moves to a share room. She will have to do a copay of basically almost all her monthly income to the NH as the required Medicaid copay, starting the day her application is signed off on. If your mom already has the MC as her representative payee for her SS, the copay gets done automatically & her personal needs allowance gets put into an in house Trust acct at the MC for her or you as her DPOA to draw from. If your keeping her income going to her bank, then you have to make sure the copay gets paid each month by a check to the MC.