SNF occupancy rates continue to trend downward. The National Investment Center for Senior Housing and Care reports a drop in occupancy rates from 86% to 82% between 2012 and 2017—the lowest they’ve been in five years.
When facilities struggle with flat or declining census, their profitability often suffers. However, profitability for long-term and postacute care providers is not solely based on census and reimbursement. Facilities need to think outside the box to remain profitable during times of low or declining census—and we want to show you how.
Join expert speaker Becky Ziviski, CPA, LNHA, on Wednesday, February 7, 1:00-2:30pm, ET for her live webinar show, Profit Without Census: How to Achieve Up to $63K in Cost Savings for SNFs. Ziviski will walk attendees through evidence-based, cost-saving strategies to reduce spending by tens of thousands of dollars, including how to reduce annual property taxes, use staff meetings as a budget building tool, and monitor medications to avoid losing money. Participants will also learn small changes that can affect their bottom line and what actions need to be taken by the interdisciplinary team to obtain the most savings.
At the conclusion of this program, participants will be able to:
- Implement cost-saving strategies to save on overhead, pharmacy, other departmental costs
- Increase contribution margin by up to 1.3%
- Take action so that each department can have a positive effect on the bottom line
Click here to view the agenda and to sign up!