In addition to caring for patients, SNFs must take care of business
To succeed, skilled nursing facilities must consider their financial health alongside the health of the patients they serve. Read more in McKnight's Long-Term Care News.
Nursing homes have an epidemic health problem these days, but it's not in their patient population, it's on their own balance sheet.
Many are not paying close enough attention to a fundamental aspect of any business: revenue cycle processes that facilitate getting payment for services rendered!