According to a newly released market analysis, reimbursement is shifting to home health care, consequently, hurting the finances of skilled nursing facilities. Between 2008 and 2013, the nursing care sector grew at an average annual rate of 1.6%. During the same period, home care grew at an average annual rate of 7.2%, which was the fastest rate of growth among all long term care sectors. Assisted living grew at an average annual rate of 5.6%.
In the summary of the report, researchers noted that the skilled care market is suffering from state efforts to reimburse lower cost home health care over higher priced nursing care. In addition, the report found that long term care, as a whole, has been in a period of “solid expansion.”
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