Despite the competition that often exists between home health care agencies and skilled nursing facilities (SNFs), the industries have more similarities than differences. As such, they should be leaning on and learning from each other, experts say.
“I know that home health is struggling in a lot of ways — there are a lot of challenges [and] many of the challenges are similar [to challenges SNFs face],” Cory Rutledge, managing principal at CliftonLarsonAllen LLP said during a panel discussion at the National Association for Home Care & Hospice (NAHC) Financial Management Conference earlier this month in Chicago. “If there is someone in the skill-nursing space in your local community, go out, have a beer with them and talk about how you’re in a similar boat.”
Minneapolis, Minnesota-based CliftonLarsonAllen is a national financial auditing firm that has 90 locations across the U.S. and offers wealth advisory, outsourcing and public accounting services.