March 01, 2016
Matthew Bavolack, national leader of Marcum's Healthcare Industry group, discusses how a compensation analysis for a nursing home chain helped improve the company's financial performance, for Commerce magazine.
A New Jersey nursing home chain with facilities in multiple states is unable to determine why several facilities continue to underperform financially, despite having an acceptable payer mix. Marcum's task is to determine why and identify solutions for improvement. Since Marcum maintains numerous long-term-care facility databases, we are able to benchmark the facilities' per-patient daily and hourly costs against industry norms and averages.