by CaringForward.com The Sky is Not Falling for SNFs: Providers Thrive Even After 11.1% MedicareCuts by CaringForward.com We recently looked at how the 11.1 percent Medicare cuts from October 2011 affected top-3 U.S.SNF provider Kindred Healthcare. The short answer\u2014probably not in the…<\/span><\/p>\n
\nWe recently looked at how the 11.1 percent Medicare cuts from October 2011 affected top-3 U.S.SNF provider Kindred Healthcare. The short answer\u2014probably not in the ways, or nearly to the extent, that you’ve read about in the press. But what about other major providers? At least among big public SNF companies, the sky seems securely in place. Although all providers cite the challenges posed by the Medicare cuts, have most reported positive financial results and outlooks, some quite remarkable. Let’s look at a few other financial filings for public SNFcompanies*:
\nEnsign Group (103 SNFs, based in Mission Viejo, California): Ensign opened its 2011 report citing the “unprecedented 11.1% reduction in Medicare rates to skilled nursing facilities,” but that was in reference to its “better-than-expected operating results.” “The fourth quarter marked the most daunting challenge to Ensign’s facility-centric leadership structure (more…)<\/span><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"