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December 2012
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Highlights
Industry Overview
Elder Care Services Overview | Provider Type Segmentation
Payment Source Segmentation | Employment Issues | Regulatory Environment
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Revenue Forecasts
Market Environment | Provider Type Forecasts | Payment Source Forecasts
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Resources
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Industry Structure
Industry Composition | Industry Leaders | Additional Companies Cited
www.freedoniafocus.com
for-profit
nonprofit.
For the purposes of this report, nonprofit organizations include independent charitable
501(c)(3) groups, organizations affiliated with not-for-profit hospitals and governmentsupported agencies, and all others operating on a not-for-profit basis. Conversely, forprofit entities include all conventionally run businesses that distribute profits to
shareholders, whether the shares of stock are publically traded or privately held.
Total revenues are also segmented by payment source as follows:
Medicaid
Medicare
out-of-pocket
private insurance
other payment sources such as funding from the US Department of
Veterans Affairs, private grants, and charitable donations.
To illustrate historical trends, total revenues are provided in an annual series from 2001
to 2011; the various segments are reported at five-year intervals for 2006 and 2011.
Forecasts emanate from the identification and analysis of pertinent statistical
relationships and other historical trends/events as well as their expected
progression/impact over the forecast period. Changes in quantities between reported
years of a given total or segment are typically provided in terms of five-year compound
annual growth rates (CAGRs). For the sake of brevity, forecasts are generally stated in
smoothed CAGR-based descriptions to the forecast year, such as demand is projected
to rise 3.2% annually through 2016. The result of any particular year over that period,
however, may exhibit volatility and depart from a smoothed, long-term trend, as
historical data typically illustrate.
Key macroeconomic indicators are also provided at five-year intervals with CAGRs for
the years corresponding to other reported figures. Other various topics, including
profiles of pertinent leading suppliers, are covered in this report. A full outline of report
items by page is available in the Table of Contents.
Sources
Skilled Nursing Care: United States is based on Elder Care Services, a comprehensive
industry study published by The Freedonia Group in December 2012. Reported findings
represent the synthesis and analysis of data from various primary, secondary,
macroeconomic, and demographic sources including:
Specific sources and additional resources are listed in the Resources section of this
publication for reference and to facilitate further research.
Industry Codes
The topic of this report is related to the following industry codes:
NAICS/SCIAN 2007
North American Industry Classification System
SIC
Standard Industry Codes
623110
623210
8051
Table of Contents
Section
Page
Highlights....................................................................................................................................................... 1
Industry Overview ......................................................................................................................................... 2
Elder Care Services Overview ................................................................................................................. 2
Market Size & Trends .............................................................................................................................. 3
Chart 1 | United States: Skilled Nursing Care Revenue & Residents Trends, 2001-2011 ................. 4
Provider Type Segmentation ................................................................................................................... 5
Chart 2 | United States: Skilled Nursing Care Revenues by Provider Type, 2011 ............................. 5
For-Profit. ............................................................................................................................................ 6
Nonprofit. ............................................................................................................................................ 7
Payment Source Segmentation ............................................................................................................... 8
Chart 3 | United States: Skilled Nursing Care Revenues by Payment Source, 2011 ........................ 8
Medicaid. ............................................................................................................................................ 8
Medicare. ............................................................................................................................................ 9
Out-of-Pocket.................................................................................................................................... 10
Private Insurance. ............................................................................................................................. 10
Other. ................................................................................................................................................ 11
Employment Issues ................................................................................................................................ 12
Regulatory Environment ........................................................................................................................ 13
Revenue Forecasts ..................................................................................................................................... 15
Market Environment ............................................................................................................................... 15
Table 1 | United States: Key Indicators for Skilled Nursing Care Revenues .................................... 15
Provider Type Forecasts ........................................................................................................................ 16
Table 2 | United States: Skilled Nursing Care Revenues by Provider Type (million dollars) ........... 16
For-Profit. .......................................................................................................................................... 16
Nonprofit. .......................................................................................................................................... 17
Payment Source Forecasts.................................................................................................................... 18
Table 3 | United States: Skilled Nursing Revenues by Payment Source (million dollars) ................ 18
Medicaid. .......................................................................................................................................... 18
Medicare. .......................................................................................................................................... 18
Out-of-Pocket.................................................................................................................................... 19
Private Insurance. ............................................................................................................................. 19
Other. ................................................................................................................................................ 19
Industry Structure ........................................................................................................................................ 20
Industry Composition ............................................................................................................................. 20
Industry Leaders .................................................................................................................................... 21
Manor Care Incorporated.................................................................................................................. 21
Kindred Healthcare Incorporated ...................................................................................................... 22
GGNSC Holdings LLC ...................................................................................................................... 23
Genesis HealthCare Corporation ..................................................................................................... 24
Additional Companies Cited................................................................................................................... 25
Resources ................................................................................................................................................... 26
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