SNF Cost Comparison Report Brings More Data and Clarity to the Industry
December 15, 2017 — CliftonLarsonAllen (CLA) has released its 32nd edition of the Skilled Nursing Facililty (SNF) Cost Comparison Report and interactive website. 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.
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 our database, we have learned that high-performing SNFs have a core set of shared characteristics,” said Cory Rutledge, managing principal of senior living with CLA. “By understanding the characteristics of these top performers and comparing your metrics, you can focus your efforts on aspects of your operations that can provide the largest economic impact. By focusing on these areas, your organization can create its own pathway to improved performance.”
CLA’s decades of experience provides us with a sophisticated and unique perspective on the senior living industry. Our resources can help your organization understand and address financial and operational challenges so you can continue to evolve along with the industry.
Download the 32nd SNF Cost Comparison Report and visit our interactive webpage comparing proprietary and nonprofit SNFs at http://promise.claconnect.com/snf/2017/.
CLA exists to create opportunities for our clients, our people, and our communities through industry-focused wealth advisory, outsourcing, audit, tax, and consulting services. With more than 6,100 people, 120 U.S. locations and a global affiliation, we promise to know you and help you. Investment advisory services are offered through CliftonLarsonAllen Wealth Advisors, LLC, an SEC-registered investment advisor.