CLA’s 32nd Edition of the Skilled Nursing Facility Cost Comparison Report gathers financial data from the entire population of skilled nursing facilities (SNF) nationwide. This report, based on 2016 data, gathers financial and operational data from every SNF nationwide to help leaders make strategic decisions concerning solvency, cost efficiencies, and profitability. In addition to publishing their traditional report, this year, additional data is offered in a visual, interactive story format so you can compare nonprofit SNFs to proprietary SNFs.
While benchmarking is a great first step toward organizational improvement, SNFs often need more. A discussion of how a SNF’s performance lines up with facilities that share similar characteristics can turn interesting information into an analysis that truly drives decisions that will enhance performance. Through a deep analysis of their database, CLA learned that high-performing SNFs have a core set of shared characteristics. By understanding the characteristics of these top performers and comparing your organization’s metrics, you can focus your efforts on aspects of operations that can provide the largest economic impact. By focusing on these areas, your organization can create its own pathway to improved performance. You can view the interactive web story and view the report here.
