Navigating the Impact of New Jersey’s FY 2024 State Budget on the Long-Term Care Industry

On June 30th, the Governor of New Jersey, Phil Murphy, signed the Fiscal Year 2024 Appropriations Act into law. Amongst the budgetary highlights of the spending agenda were investments targeting seniors, including those within the state’s many nursing homes and assisted living facilities. As reimbursement rates continue to be impacted, both healthcare providers and