Per-bed price for SNFs dropped at the end of 2017
The per-bed price for skilled nursing facilities dropped 1% between the third and fourth quarters of 2017, falling to $83,800 according to the most recent data from the National Investment Center for Seniors Housing and Care (NIC).
While that dip seems small, NIC senior principal Bill Kauffman pointed out that the fourth quarter results represent a 16.5% fall from the same time last year, when per-bed prices topped $100,000, according to Skilled Nursing News.
“It looks like the nursing care price-per-bed drop has stabilized somewhat this past quarter, but we will see how it holds up over the next few quarters,” Kauffman wrote in an analysis of the results.
Still, prices for SNF beds remain at historic highs when compared to previous valleys. Last summer, Irving Levin Associates found that average prices had tripled since 2003, with a 42% gain in median SNF bed prices between 2015 and 2016.
In 2016, 21 SNFs had price tags of $150,000 per bed or more, with a further 69 at $125,000, Irving Levin’s analysis found.
Read the full story at Skilled Nursing News.
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