One of the most common ways to improve the cash flow of a nursing home is to ask vendors for 30-day payment terms.
Increasing the profitability of any business, especially nursing homes, can be challenging. Most strategies that increase profitability take time and resources, and they have uncertain payoffs. In this article, we review a simple way to increase the profitability of your SNF. It's a technique that can be easily implemented and improve your profits — if your company is the right candidate for it.