PYA Covid-19 Information Hub
Published September 2, 2021

Skilled Nursing Facilities: Restoring Financial Health After the COVID-19 Crisis

Skilled nursing facilities (SNFs) have been disproportionately affected by the pandemic and have been slower to rebound than other healthcare providers. During the 58th Annual LeadingAge Florida Convention & Exposition, PYA Principal Ken McCosh joined Joseph Tomaino of Grassi Healthcare Advisors in a session on “Calibrated Performance,” offering solutions to overcome the pandemic’s long-lasting impact on the census, cash flow, operations, and sustainability of SNFs.

During the presentation, they covered:

  • Cost containment through cash and vendor management programs.
  • Alignment of expenses with occupancy and revenue.
  • Value realization through identifying new revenue streams and maximizing existing ones.
  • Assessment of clinical program effectiveness and revenue cycle integrity.
  • Increased financing options through current lenders, new funding sources, and merger opportunities.

The convention was held in person in Orlando from August 31-September 2, 2021. View the presentation slides here.

If you would like guidance related to SNFs, or for assistance with any matter related to COVID-19 relief, visit PYA’s COVID-19 hub, or contact one of our PYA executives below at (800) 270-9629.

Executive Contacts

Interested in Learning More?

Sign Up for Our Insights, Including COVID-19 Bulletins!

    Select Your Subscriptions