EBITDA

Skilled nursing facility 'haves' and 'have nots' — a financial journey

Skilled nursing facility 'haves' and 'have nots' — a financial journey

As a result of changing referral patterns, increasing regulations and myriad of other factors, the current financial environment poses a great threat to some skilled nursing facilities while creating opportunities for others.

He learned from the best

He learned from the best

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If your first role model is a parent, then Mike Rich, 49, learned early what it takes to be a long-term care administrator. His mother, Donna, "was the type of administrator who went to work early," he says. "Back then, administrators did a lot of the hands-on work. They did rounds, they made beds. "She would come home and feed the six of us and then go back to do dishes. In the '70s, she was a regional director of operations in a time that most of those executives were men," he says.