![]() ![]() However, if your staffing rating is high but the others are low, it is important to explore why. For example, a low staffing rating might result in a lower health inspection and quality score, as staff are either poorly scheduled or in short supply and negatively impacting other aspects of your facility. While each measure of the rating system can indicate different issues in a facility to investors, the best way to prioritize these issues is to think about them through the mindset of potential residents - what questions would you have? Would you feel safe in a facility with a three-star health inspection rating? If a facility’s staffing rating is low, could you be sure that you’d be cared for properly? It is these types of questions that both residents and financing institutions raise residents and loved ones want to know their best options for long-term care, and financing institutions want to know if your facility is that best option.įrom here, you can dig deeper to explore how to improve. With all three measures (health inspections, staffing, and quality measures) providing indications of a facility’s viability, there is no room for slack on any of them. The lower a facility’s rating, the harder it becomes to get financing, and the higher interest rates on such financing may be. These measures grant lenders a wealth of information from which they can recognize performance issues and advantages and, with more consumers using the nursing home compare tool, financial institutions are leaning further on Five-Star Ratings to determine credit eligibility. Through the Five-Star Rating system, potential investors gain objective insights into skilled nursing facilities, ranging from health and safety to staffing, all just a few clicks away. As such, maintaining a high Five-Star Rating is essential to being considered viable and valuable to those interested in investing in your facility. CMS provides them with an instant, side-by-side comparison that can be the deciding factor as to which facilities they work with in the future. Consumers are not the only ones looking at your Five-Star Rating - financial institutions are as well.Ĭreditors and investors pay close attention to the Five-Star Rating system when considering facilities for financing. Though no administrators want to see a reduction in occupancy, few know that there is even more at stake. While a good rating can draw in prospective residents, a poor rating can lead to a vicious cycle of lower occupancy and yet lower ratings. This leads to a somewhat love-hate relationship with LTC facilities and the CMS site, as its database can quickly point out flaws in their systems. With high turnover and mandatory reporting, that’s often easier said than done. The site also holds nursing home management accountable for maintaining quality standards. For facilities with strong Five-Star Rating, the site provides third-party validation to attract new residents. ![]() ![]() The Centers for Medicare and Medicaid Services’ (CMS) Nursing Home Compare site is a trusted resource for individuals researching long-term care facilities for themselves or their loved ones. ![]()
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