Report: Nursing Homes Show Slowest Growth in LTC Sector

Due to reliance on government funding, nursing homes posted the weakest revenue growth in the LTC sector in 2011, according to a new report.

As a whole, the LTC industry (including assisted living, hospice, home healthcare and skilled nursing care) posted revenue growth of 5.5 percent between 2006 and 2011, topping out at $259 billion. Hospice and home health were the strongest performers.

According to the report, nursing home revenue was down because of both Medicaid cuts and state budget deficits. However, nursing home care was the largest single budget item in a large number of states, with an average of 22 percent.

The report also noted that assisted living seems poised for further growth as perceptions of these facilities has shifted away from "institution-like."

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