Skilled Nursing News February 16, 2024
Soaring costs associated with skilled nursing – and problematic payer sources – are making it harder for continuing care retirement communities (CCRCs) to provide such labor intensive post-acute care.
CCRCs have to ask themselves some hard questions when it comes to what services they can reasonably offer, and if it’s worth it to keep open skilled nursing facilities or SNF wings that are hemorrhaging money, experts say. Some CCRCs, also known as life plan communities, say they need to scale up in order to survive the higher costs of care. Others say contracting with SNF operators may be an option too. Meanwhile, some CCRCs are scaling back or closing their long-term care facilities altogether.
Reimbursement rates on the Medicare and...
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