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Nursing Homes and Assisted LivingPublished by: First Research, Inc. Published: Mar. 3, 2008 - 10 Pages Table of Contents
AbstractThe nursing care industry in the US includes about 30,000 companies, with combined annual revenue of $100 billion, that operate 60,000 nursing facilities. Large companies include Sunrise Senior Living, Golden Horizons, and Sun Healthcare Group. About 10,000 operators are nonprofit charities, generally affiliated with churches or local governments. The average nursing home has annual revenue of $5 million.COMPETITIVE LANDSCAPE Demand for nursing care is linked to the demographics of the US population. The profitability of individual nursing facilities depends on efficient operations, because revenue per patient is largely controlled by the big government insurance programs, Medicare, and Medicaid. Large companies have some economies of scale in administration and purchasing, but small operators can compete effectively by offering better service. The industry is highly labor-intensive: annual revenue per worker is less than $50,000. PRODUCTS, OPERATIONS & TECHNOLOGY The industry includes skilled nursing facilities for recovery from acute or chronic medical conditions, mental health and substance abuse facilities, and various types of community care and assisted living (AL) arrangements. A wide array of healthcare and dependent-care services are provided, ranging from expensive 24-hour nursing care, to help with daily living tasks such as bathing, eating, and dressing. Nursing homes typically care for patients recovering from major medical procedures and older patients with chronic disabilities and deteriorating mental and physical capacities. Facilities provide nursing care, physical therapy, meals, recreational activities, personal services, and assistance with activities of daily living. Adequate ... Get Full Details About This Report >> |
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