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.

Why?

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. 

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Fierce Healthcare (7/11/18) 

Betsy Rust