Bongos -Nursing Home

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Bongos -Nursing Home

Information on the financial operations of a facility can provide useful information when evaluating a facility. The net income or loss, for example, can indicate whether the facility is financially stable or whether it is in financial trouble. In addition, while the majority of revenue for nursing home care is provided by state and federal funding, facilities are not required to spend these funds in any set proportion for particular services or cost centers. Thus, a review of particular expenses in the individual cost centers, compared with the statewide average, can indicate the financial priorities in a facility.

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