At 173,000, August's job gains are below market expectations and make a September rate hike by the Fed less certain The first Friday of the month at 8:30 EDT is widely anticipated by market participants as the Labor Department presents a fresh gauge of the most recent economic performance in its release of the labor report for the prior month. Today’s number was even more closely watched since it will be the most up to date information on the labor market that the Federal Reserve has prior to its upcoming September meetings where it will assess the state of the economy and determine whether or not it should raise its benchmark interest rate which has been near zero since the depths of the recession in late 2008.
Over the past 55 years, the skilled nursing industry has undergone transformation. Today, it continues to evolve, bolstered by demand for more specialized and medically complex services and a payment system that continues to change.
The shift from fee-for-service to fee-for-outcome payments will have an enormous impact on the financial success of providers. And it’s becoming more and more apparent that skilled nursing and post-acute providers risk being left behind unless they move quickly to adjust to the new payor landscape.