TQ TeleConnection- July 2018
Industry Voices—How skilled nursing facilities could cut costs without cutting care
As if managing the health of patients wasn’t difficult and time-consuming enough, skilled nursing facilities (SNFs) now have to do more to manage their increasingly complex businesses as well.
To begin, revenue isn’t rising at the same rate as expenses. A large percentage of this swelling cost is related to staffing, which already represents about 60% to 65% of a facility’s operating costs, according to a report about the industry’s need to adapt.
Fierce Healthcare (7/11/18)