Nursing home diversification requires caution by hospitals.
Hospital executives considering diversifying into long-term care for the elderly need to understand the ways the nursing home acquisition market and the long-term care industry have changed in the past two years and how to best respond to those changes. Diversification into the nursing home business must be carefully planned, taking into account such factors as state Medicaid reimbursement policies; the respective advantages of buying an existing facility or constructing a new one; the need for executives with expertise in long-term care; and the financial requirements of the proposal.
D000368:Aged; D003132:Commerce; D005376:Financial Management; D005377:Financial Management, Hospital; D006268:Health Facilities / Q000191:economics*; D006273:Health Facility Merger / Q000191:economics*; D006739:Hospital Administration / Q000191:economics*; D006754:Hospital Restructuring / Q000191:economics*; D006801:Humans; D008484:Medicaid; D009735:Nursing Homes / Q000458:organization & administration*; D010934:Planning Techniques; D014481:United States