Modern Healthcare analyzed skilled nursing facility cost reports from fiscal 2018 through fiscal 2021, the latest years for which complete data were available from the Centers for Medicare and Medicaid Services.
Here are five things to know about the finances at more than 13,000 nursing homes over that time period.
1) Most skilled nursing facilities were for-profit in 2021.
CMS divides skilled nursing facility ownership types into three categories: for-profit, nonprofit and government. Individuals, partnerships or corporations may all own and operate for-profit nursing homes.