Navigating The Growing I-SNP Landscape

October 3, 2023 by McKnight's Long-term Care News

As Institutional Special Needs Plans become increasingly popular within the long-term care industry, it’s crucial for owners and operators to exercise caution when evaluating their compatibility within the risk-sharing landscape. This advice was offered by a panel of experienced and new I-SNP participants during a session on the opening day of the 2023 American Health Care Association/National Center for Assisted Living Convention & Expo.

“The I-SNP becomes an economic engine to help fuel the costs of that group of people,” Fogg said, later noting that the company’s initial start up cost was around $4 million and that margins may only be 1.5%. “But the process of starting your own I-SNP, it’s a lift, right? It takes a lot of effort.”

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