With the recent resurgence of COVID-19 across many regions in the United States, many skilled nursing providers are faced with growing financial pressures as a result of a continued decline in overall SNF occupancy.
As a result of this decline, many of our clients are asking how long will it take for SNFs to recover when it comes to census? In a recent study of acute/post-acute organizations conducted by Advisory Board, they found that 35% of providers polled felt that volumes will eventually recover within the next 1-2 years while others remained unsure.
The basic formula for success has not changed when it comes to volume growth and sustainability, but now more than ever, it is important that providers don’t just stand by and wait for occupancy to return on its own.
Broussard Healthcare Consulting offers a market & program analysis, customized strategic workplan, and execution and support on referral source strategy as part of our newly added Census Development & Market Analysis to facilitate success amidst the COVID-19 pandemic. Contact us with feedback and/or assistance with rebuilding and expanding your market presence in the new year.