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CCRCs Tapping Revenue Streams, Offering Onsite Therapy & Rehab

Senior care communities are looking for ways to drive revenue through ancillary services, and many are turning to on-site rehabilitation and therapy as strategy to counteract shrinking Medicare reimbursement margins for skilled nursing care.

Continuing care retirement communities (CCRCs) in particular have the ability to harness potential revenue from Medicare Part B, which provides coverage and payment for outpatient therapy services, including physical therapy, occupational therapy, and speech-language pathology services, says Richard Boyson, Jr., Chief Financial Officer at Therapy Partners, a division of Baltimore, Maryland headquartered HealthPro Rehab, based in Middleburg, Ohio.

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Tags: nursing home operations, nursing home occupancy, medicare