Seniors Housing Weekly Market Update--8/2/11
August 2, 2011
60 Seconds With Steve Monroe
August 2, 2011. The 11.1% average Medicare rate cut for skilled nursing facilities, announced by CMS late last Friday, is severe, especially for an industry where the net profit margins for some of the largest companies are already low. What happens to those companies with a net margin in the range of 1.9% to 5.0%, and that is before the cut, after the October 1 implementation?