Skilled Nursing Facilities Could Soon See $1.5B Under CMS’s Emergency Relief Plan, With More on the Way

By Alex Spanko, Skilled Nursing News.

The federal government this week announced that hospitals and other Medicare-reimbursed health care providers will receive the first disbursements from a $100 billion emergency COVID-19 stimulus fund.

For skilled nursing facilities that primarily derive their income from Medicare, the windfall could be significant.

“We estimate an allocation of about $1.5 billion to skilled nursing based on this allocation system,” Mizuho Securities USA managing director Omotayo Okusanya wrote in an analyst note released Wednesday — titled “Skilled Nursing: Here Comes the COVID-19 Cash.”

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