Skilled Nursing News April 5, 2024
The federal government’s proposed Medicare payment increase for 2025 is not sitting well with the nursing home sector, with financial experts and operators raising concerns that the bump fails to compensate for inflation-induced operating costs – and a staffing proposal anticipated to cost in the billions each year.
For some experts, the Centers for Medicare & Medicaid Services (CMS) has failed to fully price in the current economic pressures confronting the sector and the underlying cost concerns, especially those stemming from labor.
“If inflation was in check, and labor shortages weren’t a major issue, then I think the industry’s response would be relatively pleased,” said Steve Kennedy, executive managing director for VIUM Capital. “But that’s just not the environment that...
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