Skilled Nursing News March 18, 2025
Razor thin margins have been a hallmark of operators in the nursing home industry for some time, but lackluster Medicaid rates and the possibility of Congressional cuts to Medicaid may push some over the edge.
The spectre of closures, and in turn access issues for residents and their family members, has been haunting the industry for some time, made worse by the pandemic, higher cost of care, inflation and insufficient reimbursement.
In New York, Medicaid reimbursement is so low that it only funds about 73% of the cost of a Medicaid resident in a nursing home, according to Stephen Hanse, president and CEO of the NYS Health Facilities Association and NYS Center for Assisted Living. Nursing homes in the state...
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