Skilled Nursing Facility
A nursing home, convalescent home, skilled nursing facility (SNF), care home, rest home or intermediate care provides a type of residential care. It is place of residence for people who require continual nursing care and have significant difficulty coping with the required activities of daily living. Nursing aides and skilled nurses are usually available 24 hours a day. Residents include the elderly and younger adults with physical or mental disabilities. Residents in a skilled nursing facility may also receive physical, occupational, and other rehabilitative therapies following an accident or illness. Some nursing homes assist people with special needs. Included services are skilled, intermediate, mental disorder, developmentally disabled, sub-acute, hospice and long-term care.
Residents may have specifics legal rights depending on the nation in which the facility is located. Nursing homes are state licensed and heavily regulated. Most have federal Medicare certification and Medicaid reimbursement contracts. Services of a nursing home facility typically include: 3 meals served daily, medication monitoring/supervision, medication administration, assistance in bathing, dressing, ambulation and eating, continence management, specialized care, hospice care, rehabilitative care, ancillary services
At Vanguard, we have experienced and dedicated commercial appraisers focused on nursing home appraisals and are keenly aware how demand and supply segments, market conditions and competitive supply affect valuations. Please contact us for any nursing home appraisal services.