Assisted Living Costs/Trends

June 11, 2024

Monthly Assisted Living Costs Surpass $4,000 (article by Tim Regan, Senior Housing News). This year’s cost increase for Assisted Living Facilities is 1.28%, compared to last year’s increase of 6.7%.  The declining increases can be attributed to oversupply as well as other alternatives to care.  Understanding how to navigate a reduced census due to oversaturated…

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New Wave of Closings?

June 11, 2024

Struggling SNFs could lead to new wave of closings, analysis finds (article by Danielle Brown, McKnight’s Long-Term Care News) A facility’s CMS star rating and operating profit margins are correlated, according to recent cost comparison data released.  Facilities with an overall star rating of 3 or above experienced an operating margin above the national level. …

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An Alarming Metric

June 11, 2024

Median Skilled Nursing Operating Margin Falls Below Zero (Article by Alex Spanko / Oct 10, 2019, Skilled Nursing News) New cost comparison data released for the 2018 Skilled Nursing Facility performance shows a grim picture.  The SNF median Operating Margin has fallen below 0% for the first time in three decades.  Skilled Nursing Facilities need…

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Analysis: PPE costs increase over 1,000% during COVID-19 crisis

June 11, 2024

By James M. Berklan, McKnight’s Long-Term Care News. Skilled nursing facilities and assisted living centers treating COVID-19 patients have experienced a 1,064% increase in costs for required personal protective equipment since the deadly virus started its rampage in the U.S. The rise is even higher (1,084%) for those using nitrile gloves due to vinyl glove…

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