Skilled Nursing News August 4, 2022
With Covid-era federal financial support trailing off for skilled nursing operators, leaders in the space, including Sabra Health Care REIT (Nasdaq: SBRA) CEO Rick Matros, are increasingly turning a hopeful eye to Medicaid funding relief at the state level.
Specifically, Matros believes more permanent relief is a function of how state budgets are shaping up into 2023 and beyond. On a temporary basis, the Families First Coronavirus Response Act provided a 6.2% increase in Federal Medical Assistance Percentages (FMAP) retroactive to Jan. 1, 2020 and continuing through the end of the year.
State support gives operators some breathing room, while Medicare also received a boost in the form of the Centers for Medicare & Medicaid (CMS) final rule outlining a...
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