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Nursing home operators call it low occupancy. Medicare insiders call it a declining census. Economists call it excess capacity.
Fading fast are the days of post-acute healthcare providers viewing patients as their primary customers.
Align your incentives with the incentives of those who are paying for your services. Remember that your revenues are someone else’s costs.
The finances of running a long-term care facility long have seemed like Monopoly. With each patient, you pass “Go,” you collect $200.