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Article: Most Nursing Homes Lost Money in 2000, Reports Show.(Arkansas Department of Human Services releases financial results)(Brief Article)(Statistical Data Included)
- Article from:
- Arkansas Business
- Article date:
- January 22, 2001
- Author:
CopyrightCOPYRIGHT 2001 Journal Publishing, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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THE NURSING HOME INDUStry's legislative effort to improve the reimbursement rate for Medicaid patients is bolstered by FY2000 financial results released last week by the Arkansas Department of Human Services.
Cost reports filed by 222 nursing homes indicate that only 86, or 39 percent, of them operated in the black during the 12-month period that ended June 30, 2000. (The data report for one nursing home, Pine Bluff Nursing Home, was incomplete.)
In the previous year, 49 percent of the state's nursing homes were profitable.
The profitable nursing homes are generally less profitable than they were in 1999, when profits were significantly less ...