Transformation continues to be the theme for skilled nursing facilities (SNFs). However, while challenges from the COVID-19 pandemic remain, the industry is on the path to recovery. According to recent NIC reports and our advisory experts, SNFs and healthcare systems are projected to regain pre-pandemic occupancy rates by the fourth quarter of 2024. This optimistic outlook is fueled by sustained supply-demand trends, increased census gains, and the potential for significant levels of transactions in the coming years.
To successfully transition your business model, you’ll need to understand and control costs relative to your competitors. That’s where we come in. Our 2024 Maintain your EDGE® benchmark report contains information from more than 12,000 SNFs on critical operational and financial health indicators, including:
- Medicare profitability and length of stay
- Managed care considerations
- Occupancy and payor mix
- Departmental costs per day
- Minimum staffing requirements and labor costs
Benchmarks are also available by ownership type, allowing proprietary, nonprofit, and governmental organizations to obtain meaningful comparison data to support operational efficiency and strategic planning initiatives. As the industry continually evolves, data-driven insights can help you make the critical decisions that impact your bottom line. Use our benchmark report to stay competitive.
