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Top 10 skilled nursing facility corporations by net patient revenue

Top 10 skilled nursing facility corporations by net patient revenue

Skilled nursing facilities (SNFs) provide long-term care to our ever-aging population. They are instrumental in the delivery of cost-effective, quality care for the elderly segment of the U.S. population. 

Definitive Healthcare’s LongTermCareView database tracks nearly 2,000 skilled nursing facility corporations and more than 18,000 individual skilled nursing facilities.   

Using Definitive Healthcare data, we’ve compiled a list of the top 10 largest skilled nursing facilities by net patient revenue (NPR).

Largest SNF companies by net patient revenue

RankSkilled nursing facilityDefinitive IDStateNet patient revenueExplore dataset
1The Ensign Group581975CA$3,213,823,507 Explore
2Genesis HealthCare582194PA$2,865,457,532 Explore
3Providence Administrative Consulting Services - PACS (AKA Providence Group)849843UT$2,295,448,190 Explore
4Life Care Centers of America582066TN$1,975,659,021 Explore
5LCS (AKA Life Care Services)581987IA$1,397,772,778 Explore
6Centers Health Care582428NY$1,159,072,854 Explore
7ProMedica Senior Care (FKA HCR ManorCare)582043OH$1,143,896,381 Explore
8Trilogy Health Services LLC582145KY$1,133,751,194 Explore
9Consulate Health Care582195FL$1,081,757,924 Explore
10Saber Healthcare Group582131OH$960,973,115 Explore

Fig. 1 Data is from the Definitive Healthcare LongTermCareView product. Data is sourced from the July 2023 Medicare Cost Report release; the next scheduled Medicare Cost Report release is October 2023.

What are the largest skilled nursing companies?

The Ensign Group has the most net patient revenue with $3.21 billion accrued from business at 278 SNFs and 28 assisted living facilities. Next is Genesis HealthCare, with $2.86 billion from 244 SNFs and 27 assisted living facilities, followed by Providence Administrative Consulting Services, with $2.29 billion from 144 SNFs and 7 assisted living facilities.

Collectively, the top 10 SNF corporations have more than $17 billion in net patient revenue. Of the 1,800 corporations reporting NPR in August 2023, the average is $69.34 million.

How does a nursing home differ from a skilled nursing facility?

Long term skilled nursing facilities and nursing homes differ primarily in that SNFs are covered by Medicare (for a period of time), but nursing homes are not. Furthermore, skilled nursing care is intended to help patients undergoing rehabilitative or medical treatment, while nursing homes provide a permanent residence for elderly individuals needing 24/7 care.

How is net patient revenue calculated for an SNF company?

Net patient revenue represents the amount of money a healthcare organization collects from patient services. The following formula calculates NPR:

Net Patient Revenue = Total Patient Revenue – Patient Discounts

Learn more

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Definitive Healthcare

This blog was written by a former contributor at Definitive Healthcare.At Definitive Healthcare, our passion is to transform data, analytics and expertise into healthcare…

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