Industry Analysis & Industry Trends
Although revenue dropped during the recession, an aging population will increase demand for industry services. However, recent legislation will likely influence consumers to use at-home nursing care to reduce costs. In addition, decreasing Medicaid and Medicare reimbursement rates and tougher pricing negotiation from private insurance companies may hamper profitability over the next five years. To stay afloat, operators will diversify services to attract customers and buoy profit margins... purchase to read more
Industry Report - Industry Products Chapter
Nursing facilities provide short-stay patients and long-stay residents with a full range of services in addition to basic skilled nursing care and custodial care. Facilities typically supply rooms, meals, social activities, personal care, 24-hour nursing supervision and access to medical services when needed. In addition, most nursing facilities offer interim medical care (after a hospital stay) and respite care (short-term, temporary relief for those who are caring for family members).
Selected services provided to nursing home residents are delivered through formal contracts with outside providers... purchase to read more