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CliftonLarsonAllen has released its 28th Licensed Nursing Facility Cost Comparison based on data from approximately 450 nonprofit and for-profit nursing facility providers nationwide.

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Nursing Facility Report Highlights Nationwide Performance Trends

  • 10/10/2012

Nursing Facility Report Highlights Nationwide Performance Trends

Milwaukee — October 10, 2012 — CliftonLarsonAllen has released its 28th Licensed Nursing Facility Cost Comparison based on data from approximately 450 nonprofit and for-profit nursing facility providers nationwide. The Licensed Nursing Facility Cost Comparison benchmarks financial statement indicators that illustrate the condition of nursing facilities and provide valuable insights into financial and operational performance.

According to the 37-page Cost Comparison, five key challenges and opportunities are driving change in the nursing facility industry:

  1. Consumer knowledge about aging services and choices is increasing.
  2. Third-party payments from the federal and state governments are decreasing.
  3. Health care reform is leading to greater demands for quality and value — and  is also contributing to innovation.
  4. Service delivery depends on the cultivation of human resources.
  5. Technology is the single most important factor for driving change and value in nursing care.

“Benchmarking supports a culture of continuous improvement,” said Michael F. Slavik, health care partner with CliftonLarsonAllen (CLA). “The ratio and cost analyses in this study give investors, legislators, and the general public a better understanding of the long-term-care field.”

The 28th Licensed Nursing Facility Cost Comparison is based on 2011 data and is provided to CLA’s senior living clients. CLA has one of the nation’s largest health care practices led by experienced specialists with diverse backgrounds and skill sets ranging from CEOs and CFOs to RNs, certified coders, and certified medical practice executives. CLA serves more than 1,800 physicians and medical groups, 1,400 senior living providers, 1,000 health care entities, 500 hospitals and health systems, and 200 home and hospice agencies.

Download the 28th Licensed Nursing Facility Cost Comparison and learn more about CLA services at www.cliftonlarsonallen.com/healthcare/. Follow us on Twitter @CLA_CPAs.


About CLA

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.