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other sources such as charitable contributions and private grants, long-term care insurance, and the US Department of Veterans Affairs.

Total revenues are also segmented by funding source as follows: Total revenues are segmented by operator type in terms of: This report forecasts to 20 the revenues of US skilled nursing facilities in nominal US dollars.

These and other key insights are featured in Skilled Nursing Facilities: United States. Going forward, the high rates of vaccinations for elderly individuals are projected to benefit operators, as the risk of contracting COVID-19 in skilled nursing facilities is much lower as of October 2021, and elderly individuals and their families can feel safer about conditions in such facilities. In addition, many elderly individuals continued to get sick and injured, and needed skilled nursing care, and thus had to enter skilled nursing facilities. While many elderly individuals died in nursing facilities in 20 due to the COVID-19 pandemic and many were reluctant to enter nursing facilities, residents did not leave the facilities during the pandemic for fear of spreading the virus to family members and vice versa. Skilled nursing facilities saw marginal revenue growth in 2020 but are expected to see gains of 3.8% in 2021. Government-led efforts to match elderly and disabled individuals with appropriate care levels and settings to limit expenditures and improve the quality of life (e.g., giving them the ability to live at home) will represent a particularly salient constraint.

rising availability and use of higher value services, such as private rooms, and physical, occupational, and speech therapy so individuals can maintain an active lifestyleįaster gains will be restrained by the delivery of medical and custodial care services in different formats and facility types (e.g., assisted living, continuing care retirement communities, and home healthcare).

a shift toward more individualized care over standardized, task-based plans.

an increasing share of skilled nursing facilities operated by for-profit entities, which typically feature higher prices for their services.

In addition, operators are expected to benefit from the ongoing gains projected in spending per resident due to the following factors:

Operators of skilled nursing facilities are projected to benefit from the 3.2% annual growth expected for the population aged 80 and older to 2025 – a key demographic for skilled nursing facilities – and the ongoing availability of funds from Medicaid and Medicare.

29, 2021 /PRNewswire/ - Skilled nursing facility revenues are forecast to grow 3.0% per year in nominal dollars through 2025, according to Skilled Nursing Facilities: United States, a report recently released by Freedonia Focus Reports.