The coronavirus pandemic is undeniably going to have a major impact on U.S. long-term care operators in the coming months. The virus is an unwelcome addition to an already long list of headaches for an industry operating on thin margins amid falling demand, reimbursement pressures and new competition. With a vaccine 12 to 18 months…
Skilled nursing facilities across the United States continue to face daunting challenges. The average SNF is only able to break even, reflecting increased competition, upward wage pressure in a tight labor market, and the preponderance of low-paying Medicaid patients. In many regions, operating margins are negative, suggesting that more facilities will soon be forced to…
Skilled nursing facility leaders could be forgiven for breathing a sigh of relief now that the formal transition to the Patient-Driven Payment Model is behind them. Preparing for the biggest overhaul in Medicare reimbursements in two decades has been a challenging and stressful experience for the industry, where many facilities already operate on thin profit…
Skilled nursing facilities are facing a barrage of challenges to their business. Falling occupancy rates, wage pressures, and growing competition are all putting the industry under strain.
A convergence of market pressures is bearing down on the nursing home industry. Changing demographics, old infrastructure, new competition, rising labor costs and a plethora of never-ending reimbursement pressures have all battered what was once seen as a business with infinite demand.
