Nursing homes contribute $116 million to New Jersey economyStaff writer ▼ | February 15, 2016
Nearly 56,000 people were employed by New Jersey nursing homes in 2013, contributing $116 million in state income taxes and earning $2.1 billion in salaries.
Earning $2.1 billion The Nursing Home Profile
The Nursing Home Profile is a first-of-its-kind report, created by the New Jersey Hospital Association, using publicly available data to provide a comprehensive view of the economic contributions and quality results of the state's nursing homes.
Financial information was compiled from the 2013 Medicare cost reports, and quality information was collected from the Centers for Medicare and Medicaid Services' Nursing Home Compare Web site.
New Jersey has 358 nursing home facilities with a total of 54,785 beds. More than half of these homes received the highest scores of either a four- or five-star rating from CMS for overall quality.
The Nursing Home Profile also provides information about number of employees, type of ownership and payer mix, in addition to the quality metrics, for every facility in the state.
Nearly 59 percent of payment to New Jersey's nursing homes comes from Medicaid; Medicare accounts for roughly 16 percent, and all other payers were responsible for 25 percent of the residents.
New Jersey Medicaid pays nursing homes 18 percent less than cost, resulting in an estimated $500 million shortfall statewide. ■