Largest SNF companies by net patient revenue
| Rank | Skilled nursing facility | Definitive ID | State | Net patient revenue | Explore dataset |
|---|---|---|---|---|---|
| 1 | The Ensign Group | 581975 | CA | $3,213,823,507 | Explore |
| 2 | Genesis HealthCare | 582194 | PA | $2,865,457,532 | Explore |
| 3 | Providence Administrative Consulting Services - PACS (AKA Providence Group) | 849843 | UT | $2,295,448,190 | Explore |
| 4 | Life Care Centers of America | 582066 | TN | $1,975,659,021 | Explore |
| 5 | LCS (AKA Life Care Services) | 581987 | IA | $1,397,772,778 | Explore |
| 6 | Centers Health Care | 582428 | NY | $1,159,072,854 | Explore |
| 7 | ProMedica Senior Care (FKA HCR ManorCare) | 582043 | OH | $1,143,896,381 | Explore |
| 8 | Trilogy Health Services LLC | 582145 | KY | $1,133,751,194 | Explore |
| 9 | Consulate Health Care | 582195 | FL | $1,081,757,924 | Explore |
| 10 | Saber Healthcare Group | 582131 | OH | $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
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