U.S. Skilled Nursing Facility and Rehabilitation Industry Overview
The U.S. skilled nursing facility and rehabilitation market size was valued at USD 221.9 billion in 2021 and is expected to expand at a CAGR of 4.5% from 2022 to 2030. The rise in the geriatric population and the growing prevalence of chronic diseases is key drivers for the U.S. market. The recent advancements in technology and easier availability of Medicare and Medicaid and private insurance are likely to drive the market during the forecast period.
The skilled nursing and rehabilitation services in the U.S. have a lot of regulations by the government. Skilled nursing and rehabilitation services have to comply with the Code of Federal Regulations (CFR). Code 42 CFR subpart B gives all the requirements for these nursing facilities to comply for receiving payment under Medicare and Medicaid programs.
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The reimbursement at skill nursing and rehabilitation facilities is based on Medicare part A & B. Medicare part A gives reimbursement based on inpatient and hospital. According to part A, the prospective payment system is followed where these therapy facilities are paid on the daily basis covering the patient-associated services that include therapy services calculated in minutes nursing along with daily room services. Medicare part B pays for all therapy services given using the CPR codes.
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U.S. Skilled Nursing Facility And Rehabilitation Market Segmentation
Grand View Research has segmented the U.S. skilled nursing facility and rehabilitation market on the basis of type of facility:
U.S. Skilled Nursing Facility And Rehabilitation Type of Facility Outlook (Revenue, USD Billion, 2017 - 2030)
- Freestanding
- Hospital
Market Share Insights:
December 2020: The Ensign Group, Inc. acquired Hays Nursing and Rehabilitation Center, a 116-bed skilled nursing facility located in Texas.
Key Companies profiled:
Some prominent players in the U.S. Skilled Nursing Facility And Rehabilitation market include
- Brookdale Senior Living, Inc.
- The Ensign Group, Inc.
- Genesis Healthcare, Inc.
- Extendicare
- Sunrise Senior Living, LLC
- ProMedica
- Golden Living Centers
- Life Care Centers of America
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