More short-term residents equals more money for SNFs
Contemporary Long-Term Care Weekly, March 29, 2007
In order to compete with hospitals and rehabilitation facilities for short-term, higher paying residents, nursing homes need to reinvent themselves, according the Associated Press (AP). By focusing on younger, short-term patients and offering postoperative rehabilitation services at lower costs than competitors, nursing homes will gain business from a different demographic resulting in additional income. Nursing homes can provide the same services as a rehabilitation hospital, but for almost half the cost, reported the AP.
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