Record prices per bed for skilled nursing facilities don’t seem to make sense given the reimbursement changes looming.
The skilled nursing acquisition market has been booming for the past few years, with back-to-back-to back record average prices per bed. But with all the uncertainty surrounding the future of Medicare reimbursement, not to mention Medicaid and the potential for block grants, it does seem odd that there is still so much interest in the skilled nursing market. Reimbursement, however, isn’t the only story, and there are many providers, despite the reimbursement uncertainty, who can take over a facility and still increase revenues, increase reimbursement rates and operate more efficiently. But, and this is always a big caveat, they have to know what they are doing, and it is not a business for neophytes. Join me tomorrow as I host a webinar on skilled nursing reimbursement under Trump Care. I know, we don’t really have Trump Care yet, but in the next 12 to 24 months, there are going to be some big changes, and they aren’t going to be beautiful, and they are not going to be great. See you tomorrow.
