Federal Medicare administrators have bumped the payment rates for skilled nursing facilities, resulting in a net 1.8% increase for FY 2013. Nursing home operators like Skilled Healthcare Group (SKH) and Sun Healthcare Group (SUNH) are likely to be the primary beneficiaries of next year’s rate boost, which the Centers for Medicare & Medicaid Services estimates could add up to around $670M. Both companies’ shares were mostly inactive in after-hours trading. SKH closed up 3.9% at $5.80, and is up 6.2% so far this year. SUNH closed up 0.2% at $8.36.
Medicare Reimbursement Rates
by Ray Mullman ⋅