In SNFRadar’s system: occupancy, staffing and rating, plus its Medicare cost report and a calculator to run its numbers.
Every Kansas building in this report has its own page.
This report is the state. The full read is one building: its occupancy month by month, its cost reports, its Medicaid rate files and its surveys. Free with an account.
October 27, 2026 · Exclusively SNF Sell-Side Advisors · Since 2014
3G Healthcare Real Estate is a sell-side advisory firm working only in skilled nursing facility real estate. This report is the Kansas ownership and operating picture as we track it, drawn from CMS Provider Information, federal ownership filings, county property records, published Medicaid rate files, and our own resolution work.
Every figure below describes the market in aggregate; nothing here is specific to any single owner or property.
296
facilities
18,031
licensed beds
83%
avg occupancy
57%
showing distress
What the Cost Reports Say · FY2024 to FY2026
The beds are full. The margin is the question.
Every full-year Medicare cost report Kansas's skilled nursing facilities filed in FY2024 to FY2026, read as one set of bands: 259 reports across 79 counties. This is the table an owner puts their own filing against.
259
cost reports read across 79 counties
85.8%
median occupancy
59.2%
of the days reported by payer were Medicaid
5.5%
median net margin, 28.8% filed a loss
Six of every ten patient days Kansas's skilled nursing facilities billed in FY2024 to FY2026 were Medicaid days: 59.2% of the 4,743,242 patient days on the 240 reports that break days out by payer. The median building ran 85.8% occupancy, with the middle half between 75.5% and 91.7%, on 246 reports that carry it. Patient revenue ran $343 a patient day at the median against $332 of reported operating expense, the cost report's own operating line rather than every cost a building carries. Net margin on the filings themselves was 5.5% at the median. 74 of the 257 reports that carry a bottom line filed a loss, which is 28.8% of them.
Statistic
25th
Median
75th
Reports
National median
Census and payer mix
Occupancy
Patient days as a share of available bed days, both off Worksheet S-3 Part I.
75.5%
85.8%
91.7%
246
84.2%
Medicare share of days
Traditional Medicare days as a share of all patient days, off Worksheet S-3 Part I.
4.5%
7.1%
11.3%
258
7.7%
Medicaid share of days
Medicaid days as a share of all patient days, off Worksheet S-3 Part I.
47.5%
59.5%
73.6%
240
66.3%
Everyone else as a share of days
Patient days that are neither traditional Medicare nor Medicaid, as a share of all patient days on the same filing. Managed care sits in here.
19.0%
31.1%
44.3%
240
23.4%
Per-resident-day economics
Patient revenue per patient day
Net patient revenue off Worksheet G-3, divided by patient days off Worksheet S-3 Part I. Blended across every payer.
$299
$343
$400
258
$373
Operating expense per patient day
Total operating expense off Worksheet G-3, divided by patient days. Net income also counts income and expense outside patient care, such as investment income, rentals and donations, which is why it is not patient revenue minus this line.
$298
$332
$406
258
$372
Net income per patient day
Net income off Worksheet G-3, divided by patient days.
-$2
$19
$38
259
$14
Margin and liquidity
Net margin
Net income off Worksheet G-3 over net patient revenue off the same worksheet.
-0.7%
5.5%
10.5%
257
3.7%
Current ratio
Current assets over current liabilities on the same filing. Under 1.00 means the building owes more inside a year than it holds to pay it with.
Statewide pool, of the 4,743,242 days on the 240 reports that break days out by payer
Median facility
Medicaid
59.2%
59.5%
Traditional Medicare
8.3%
7.1%
Everyone else, including managed care
32.5%
31.1%
The statewide pool adds to 100 because it divides one set of days three ways. The median facility column does not, and is not meant to: every building’s own mix sums to 100, but the median Medicaid building is not the median Medicare building. Managed care is broken out separately on 79 of the state’s reports; on those 1,685,289 days Medicare Advantage is 4.2% and managed Medicaid 61.4%, and both sit inside the row above.
Urban against rural, at the median
Urban (131)
Rural (128)
Occupancy
87.2%
83.7%
Medicaid share of days
62.0%
58.1%
Patient revenue per patient day
$358
$329
Operating expense per patient day
$347
$324
Net margin
3.8%
6.7%
Each side is ranked over its own filings, so the two columns are two medians and not a split of one. A filing CMS left unclassified is in neither column, which is why the two counts need not add to the state total.
Census is not the constraint
65% of Kansas buildings closed the year at 80% occupancy or better, on the 246 reports that carry occupancy, and 29% of the 257 that carry a bottom line still filed a loss.
A $108 gap per patient day
Operating cost runs $298 a patient day at the 25th percentile against $406 at the 75th, on 258 Kansas reports. At the median building's own year of 17,044 patient days, that gap is $1.8 million a year between a lean cost structure and a heavy one.
The balance sheet holds
The median Kansas filing closed on a current ratio of 1.84, on the 214 reports that carry both sides of the balance sheet, and 25% of them closed under 1.00, which means owing more inside a year than they hold to pay it with. Only 29% of the state's filings lost money on patient care, so this is a working-capital reading rather than an earnings one.
Medicare cost reports as filed, fiscal years ending 2024-12-31 to 2026-06-30, one full-year report per facility: 259 reports covering 5,127,720 patient days, of which 4,743,242 sit on the 240 reports that break days out by payer, which is what the payer table below divides by. Every line carries the number of reports behind it, and a line standing on fewer than 20 reports is not ranked. Operating expense is the cost report’s own operating line. Net income also counts income and expense outside patient care, such as investment income, rentals and donations, which is why it is not patient revenue minus that line.
Medicaid Rate Snapshot
$316
Kansas average daily rate
$317
statewide median
Kansas carries a median Medicaid daily rate of $317 across 263 rated facilities, 89 percent of the buildings we track in the state, with the middle half of the market between $287 and $347 a day. The distribution is tight, which usually means a cost-capped methodology holding most buildings in a band. Government buildings run $39 a day above for-profit ones ($340 against $301 at the median), a gap that reflects the class each sits in rather than the quality of the building. Rates are effective July 2026.
Percentile
Medicaid daily rate
10th
$259
25th
$287
Median (50th)
$317
75th
$347
90th
$372
Range $148 to $493 across 263 rated facilities; rates effective July 2026.
CMS Ownership Analytics · 296 KS SNFs
Ownership
Facilities
Avg ★
Staffing ★
Nurse turnover
1★ / 5★
CMS fines
For-Profit
174
2.80
3.05
52%
45 / 29
$4.8M
Non-Profit
103
3.58
4.23
43%
9 / 40
$1.2M
Government
19
3.37
4.24
35%
2 / 4
$78K
Kansas skilled nursing is 59 percent for-profit by facility count: 174 of 296 buildings, averaging 2.80 stars overall and 3.05 on staffing. The balance is 103 non-profit, 19 government. Non-Profit buildings rate highest at 3.58 stars and for-profit lowest at 2.80. Ownership type as CMS records it describes the license holder. The real estate behind it is frequently a different party, and that is the layer we resolve.
Quality, Staffing & Distress Signals
36%
rated one or two stars
12
special focus / candidate
Kansas averages 3.11 stars overall across 296 facilities and 18,031 licensed beds. Average occupancy runs 83 percent, which is the number that decides whether a building services its debt. Quality splits at the bottom: 107 facilities (36 percent) rate one or two stars overall, 56 of them one star. Special Focus status or candidacy covers 12 of them. CMS fines on the current record total $6.0M across 147 facilities. Total nurse turnover averages 48.1 percent. Counting any facility that carries at least one of a one- or two-star overall rating, Special Focus status or candidacy, CMS fines on the current record, or a distressed-title flag from county records, 170 of 296 buildings show a distress signal, 57 percent of the total.
Where the Beds Are
County
Facilities
Licensed beds
Johnson
35
3,020
Sedgwick
29
2,202
Shawnee
15
1,255
Wyandotte
9
621
Harvey
7
507
Mcpherson
7
494
Reno
7
433
Butler
6
482
Market Structure
42%
run by the eight largest groups
58%
run by everyone else
The eight largest operating groups run 123 of Kansas's 296 skilled nursing facilities, 42 percent of the state and 41 percent of its licensed beds. The remaining 173 buildings are spread across a long tail of smaller operators and independents.
Operating scale is not the same as real-estate ownership, and in most markets the two are separate. The property behind these portfolios is held across a far larger and more fragmented set of owners, many of them holding a single building outright. That is the layer we resolve, and it is why a market that looks consolidated from the operating side is usually anything but from the ownership side.
Hospital Discharge Demand
20,715
SNF-relevant discharges (minimum)
43
reporting hospitals
Kansas's 43 reporting hospitals discharged at least 20,715 traditional-Medicare inpatients in the diagnosis groups that most often need skilled care afterward, in federal fiscal 2024. Sepsis leads at 7,352 discharges. Every one of these patients needed a next setting, and the facilities positioned closest to the highest-volume hospitals see that demand first.
Condition
Discharges (at least)
Sepsis
7,352
Heart failure
2,707
Hip & knee replacement
1,881
Pneumonia
1,765
Respiratory infection
1,511
Kidney failure
1,471
Stroke
1,395
Urinary tract infection
1,263
Hip & femur surgery
1,038
COPD
332
Hospital
SNF-relevant discharges
30-day HF readmissions
WESLEY MEDICAL CENTER · WICHITA
2,174
19.3%
UNIVERSITY OF KANSAS HOSPITAL · KANSAS CITY
1,939
20.2%
STORMONT VAIL HOSPITAL · TOPEKA
1,892
21.8%
ASCENSION VIA CHRISTI HOSPITALS WICHITA, INC. · WICHITA
1,793
20.2%
ADVENTHEALTH SHAWNEE MISSION · SHAWNEE MISSION
1,237
21.6%
UNIVERSITY OF KANSAS HEALTH SYSTEM OLATHE HOSPITAL · OLATHE
893
19.0%
LMH · LAWRENCE
857
23.5%
HAYS MEDICAL CENTER · HAYS
776
20.4%
UNIVERSITY OF KANSAS HEALTH SYSTEM - ST FRANCIS CAMPUS · TOPEKA
752
19.4%
HUTCHINSON REGIONAL MEDICAL CENTER INC · HUTCHINSON
731
21.1%
Traditional Medicare discharges, federal fiscal 2024, in the diagnosis groups that most often discharge to skilled care. CMS withholds any line under 11 discharges, so every figure is a minimum. Readmission rates: CMS Care Compare, three-year window; n/a means CMS reports too few cases.
Medicare Readmission Penalty
69%
of graded facilities are cut this year
0.5%
average cut across the graded set
168 of Kansas's 244 graded skilled nursing facilities (69%) are taking a live Medicare payment cut this federal fiscal year under CMS's SNF Value-Based Purchasing program, which blends readmissions, infections, staffing and turnover into one multiplier and applies it to every Medicare day a building bills. The graded set averages a 0.5% cut across the whole state. A federal number like that says little read alone, which is why we check it against the fuller financial and operational record we hold on every building before it reaches a report: the buildings already under pressure elsewhere are the ones a payment cut actually threatens.
CMS SNF Value-Based Purchasing, FY2026 determination, published February 2026. The multiplier blends readmissions, infections, staffing and turnover and applies to every Medicare day a facility bills; below 1.0 is a live payment cut, not a one-time fine.
Medicare Advantage Penetration
33.5%
of the state's Medicare population is in Medicare Advantage plans
Medicare Advantage now covers 33.5% of Kansas's Medicare population, as of April 2026. That is up 2.1 points in three years. Wyandotte County runs highest in the state at 60.1%. An MA member typically draws fewer skilled-nursing days per admission than traditional Medicare, so the counties at the top of that list are the ones structurally losing SNF days first, whatever the raw discharge count says.
County
Medicare Advantage share
Wyandotte County
60.1%
Linn County
50.1%
Bourbon County
45.4%
Sedgwick County
44.6%
Miami County
44.1%
Cherokee County
43.8%
Butler County
41.0%
Johnson County
40.7%
CMS Medicare Monthly Enrollment, county grain, April 2026. An MA member typically draws fewer skilled-nursing days per admission than traditional Medicare, so a rising share is a structural headwind on SNF demand, not a one-quarter blip.
Market Observations
Beds concentrate where the population does: Johnson County with 35 facilities and 3,020 beds, Sedgwick County with 29 facilities and 2,202 beds, Shawnee County with 15 facilities and 1,255 beds.
Legislative & Regulatory Watch
In effect
Federal: Staffing Mandate (Oct 2026)
Operator implication: Staffing floors bind hardest on buildings already below the state average on hours per resident, which is where distressed sales start.
Operator implication: Staffing floors bind hardest on buildings already below the state average on hours per resident, which is where distressed sales start.
Amid changes to federal oversight of nursing homes during the Trump administration -- including rescinding the nursing home staffing rule issued by the Biden administration, prioritizing inspections that are triggered by complaints over routine inspections, and suspending the deadline to report detailed ownership information -- this issue brief provides an overview of the nursing home inspection process and the types
If a county-level Kansas breakdown, or the ownership and capital-structure detail behind any facility in it, would be useful, a short confidential conversation is the fastest way to get it. There is no cost and no obligation, and the buyer you select covers our fee.
CMS Provider Information / Care Compare: facility counts, licensed beds, occupancy, Five-Star ratings, staffing, nurse turnover, fines and Special Focus status, processed 2026-09-01.
CMS Payroll-Based Journal: nurse staffing hours and turnover.
Federal ownership filings: PECOS Form 855A indirect-owner tree and HCRIS cost-report related parties.
County property and mortgage records via the 3G real-estate-ownership resolution layer.
3G Healthcare Real Estate proprietary warehouse, resolved as of the date shown above.
Kansas published Medicaid nursing-facility rate files: 263 rated facilities, effective July 2026.
State and federal legislative and regulatory tracking via the 3G intelligence scan, with the source for each item linked in that section.
CMS Medicare inpatient claims (fiscal 2024): hospital discharge volumes by diagnosis group, traditional Medicare only; CMS withholds lines under 11 discharges, so volumes are minimums. Readmission rates from CMS Care Compare's three-year measure window.
CMS SNF Value-Based Purchasing facility-level file, FY2026 determination (published February 2026): readmission, infection, staffing and turnover measures rolled into one Medicare payment multiplier per facility.
CMS Medicare Monthly Enrollment: Medicare Advantage penetration by county, April 2026.
Medicare cost reports (CMS HCRIS), FY2024 to FY2026: 259 filings from 259 Kansas skilled nursing facilities, one full-year report each, loaded 2026-10-06. Occupancy, patient days by payer, patient revenue, operating expense and net income as each facility filed them.
3G Healthcare Real Estate is a brokerage firm specializing exclusively in skilled
nursing facility real estate. We do not provide legal, financial, or tax advice.
3G Healthcare Real Estate, 456 N. Meridian St #441332, Indianapolis, IN 46204.
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