New National Nursing Facility Cost Comparison Data Available
Benchmark your financial ratio and cost data using CliftonLarsonAllen’s 28th Licensed Nursing Facility Cost Comparison. The publication is based on information reported in 2011 and represents approximately 450 nonprofit and for-profit nursing facility providers nationwide.
When reviewing a nursing facility’s financial condition, it’s critical to understand the magnitude of any variances in cost structure or operations compared to similar organizations. Discrepancies can lead to a series of actions focused on solvency, cost efficiencies, and profitability.
"Payment reform demands that providers understand their cost structures in order to position themselves for the total cost of care contracts. Benchmarking is one tool skilled nursing facilities can use to drive change, innovation, and support a culture of continuous improvement," explains Michael Slavik, a health care partner with CliftonLarsonAllen.
"The ratio and cost analyses in this study can give investors, legislators, and the general public a better understanding of the long-term care field," he added.
How we can help
We can help you interpret this data and explain how it affects your organization. Contact us for more information.