Razor thin margins have been a hallmark of operators in the nursing home industry for some time, but lackluster Medicaid rates and the possibility of Congressional cuts to Medicaid may push some over the edge. The spectre of closures, and in turn access issues for residents and their family members, has been haunting the industry […]
Some nursing homes in New York may be forced to close their doors without an increase in Medicaid funding, a dire warning as the state legislature starts its budget hearings. Elemental Management Group, which owns and operates eight nursing homes in Upstate New York, is losing about $2 million annually as costs rise and operators […]
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