Summary: Based on the last few years, Genesis Healthcare should be on the ropes — significant quarterly losses, lease restructurings, and public criticism from one of its primary landlords have weighed on the skilled nursing giant. But the Kennett Square, Pa.-based operator closed out 2018 with cautious optimism, both from financial analysis firm Stifel and CEO George Hager, who predicts smoother sailing ahead in 2019. In his conversation with Rethink, Hager firmly pushed back on current industry wisdom that bigger isn’t necessarily better in skilled nursing, and laid out his vision for what the industry will look like under the Patient-Driven Payment Model (PDPM). Download this episode to hear Hager discuss: -Why Genesis’s scale — around 400 buildings across 29 states — is actually an asset, and not a liability -How Genesis keeps the pulse of local markets despite its size -What PDPM will mean for third-party rehabilitation providers and skilled nursing operators alike
