Altman Z Map
The Altman Z-score can be used to predict financial distress within the nursing home industry. Financial variables used to measure liquidity, profitability, efficiency, and net worth are utilized in the calculation.
The Altman Z score considers the balance sheet strength and operational success of a facility. The map below shows the county averages for Kentucky. The scores are calculated using data from the 2022 Medicare cost reports and the modified Altman Z-score from Justin Lord, PHD published in the Journal of Health Care Organization, Provision, and Financing.
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Kyle Fritsch and Leah Shoulders, Directors of Revenue Management