Skilled Nursing News January 8, 2025
Nursing home care spending grew by 8.9% year over year, largely driven by demand – not price increases for skilled services – with the sector also showing job gains, according to the latest data on health care spending.
Two-thirds, or 5.9%, of this bump in spending for nursing home care was due to increased utilization rather than price increases, according to Matthew Daly, senior analyst at Altarum.
That said, prices for nursing home care did rise, jumping 2.7% year over year in November – just slightly above the health care composite price index increase of 2.6%.
This data is shared in Altarum’s monthly Health Sector Economic Indicators (HSEI) brief released on Wednesday and reflects the updates provided by the Centers...
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