NIC: Fewer private pay residents live in freestanding homes
The number of private pay residents in freestanding nursing homes fell significantly from 2004 to 2006, according to the National Investment Center For the Seniors Housing & Care Industry.A total of 14.2% of all residents in freestanding nursing homes were paid primarily by private sources, as of the third quarter of 2004. That number declined to 10.8% by the end of the third quarter of 2006. Such a decrease represents a 24% reduction in the private pay percentage, or over 15,000 occupied private pay beds in the 30 largest Metro Markets, NIC said.
Meanwhile, the Medicare mix rose to 13.8% in the third quarter of 2006 from 13.3% in the third quarter of 2004. The overall quality mix slipped to 27.7% from 30.3% over the two-year period.