The 18th episode of our podcast, Rethink, is now available!
For the first time in 34 years, an annual report on nursing home finances found that the median operating margin for providers fell below zero. For CLA managing principal Cory Rutledge, a co-author of the report, the result wasn’t exactly surprising, given the headwinds battering the skilled nursing space over the past decade.
But while he acknowledges that the number doesn’t look great, Rutledge sees sunnier times ahead for operators in the space — specifically those that take bold action to adapt to a changing world.
Listen to this episode of “Rethink” to learn:
— Why the median margin fell below zero
— How operators with positive margins pulled off their success
— What operators should do to turn their fortunes around
— …and more!