With headwinds blowing, Gaylord Specialty Healthcare and Hospital for Special Care have each been bobbing and weaving strategically, ramping up outpatient and other non-long-term hospital care services to diversify their revenue streams and spread risk.
With headwinds blowing, Gaylord Specialty Healthcare and Hospital for Special Care have each been bobbing and weaving strategically, ramping up outpatient and other non-long-term hospital care services to diversify their revenue streams and spread risk.
Gaylord's outpatient revenue has grown from 10 percent of its total revenue to 15 percent over the past five years, and it's invested heavily in the latest rehab equipment.
“The outpatient services have grown significantly,” said Gaylord CEO Sonja LaBarbera.
Meanwhile, Hospital for Special Care continues to expand its autism inpatient unit with the help of a recent $10 million state grant. It also cares for most ALS patients in Connecticut, and uniquely for an LTCH, derives the majority of its revenue from Medicaid, not Medicare.
“I would argue that we're clearly different,” Hospital for Special Care CEO Lynn Ricci said.
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With their costs under fire, long-term care hospitals push back, pivot
