“Per-bed SNF price plummets in 2017; NIC’s cross-sector collaboration to support industry,” by Kimberly Marselas
“After setting records for five straight years, the average price per-bed for skilled nursing facilities plunged 18% in 2017, according to acquisition data published by Irving Levin Associates on Wednesday. The report and newsletter publishing company blamed the drop (to $81,350 per bed) on Medicare reimbursement cuts, reduced lengths of stay, rising labor costs and declines in occupancy.”
LTC Comment (from Stephen A. Moses, President, Center for Long-Term Care Reform): SNFs plunge as ALFs hit new record. See our immediately previous LTC Clipping for analysis.