Taking the pulse of nursing care centers

via Skillednursingfacilities.orgPrivate, for-profit nursing homes as well as other nursing caring comforts have experienced stable revenue growth as well as mending profitability in new years, according to the financial matter analysis by Sageworks, the financial report company.But with an election-year bill battle heating up in Washington, its transparent that proposed fresh cuts to major benefit programs such as Medicare as well as Medicaid will sojourn the hot topic for the industry, especially considering state-level cuts in Medicaid in new years as well as new as well as proposed cuts to Medicare reimbursement rates. Medicare rates were cut 11.1 percent starting Oct. 1, as well as additional cuts will be tied to the Affordable Care Act over the next decade. House Republicans this week unveiled the bill plan that would overhaul Medicare as well as Medicaid in an effort to restrain augmenting costs.And with the baby boom generation approaching to swell the ranks of the U.S. elderly between right away as well as 2030, operators of nursing homes as well as other nursing comforts have the lot at interest in the discussion.So how full of health is the nursing caring comforts industry? Its an important component of the nearly $2.6 trillion outlayed nationally upon health caring in 2010. Roughly 5.5 percent, or $143 billion, of national health expenditures were at free-standing nursing caring comforts (NAICS formula 6231) as well as continuing caring retirement communities (NAICS formula 623311), according to the U.S. Centers for Medicare as well as Medicaid Service, or CMS. Medicare as well as Medicaid supplied nearly 54 percent of the funding for nursing caring comforts as well as continuing caring retirement communities.And the government projects spending upon these comforts from all funding sources will increase between 3.5 percent as well as 5.1 percent annually between 2012 as well as 2020 faster than the economy as the whole though slower than the altogether health caring industry.Sageworks conducted the financial matter analysis of privately held nursing homes (NAICS formula 6231) to get the picture of the industrys business trends in new years as government cuts have been implemented. Powered By iWebRSS.co.cc

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