The financial health of nursing homes increased slightly in 1991 despite cutbacks in Medicaid reimbursements, according to a publication released last week by Arthur Andersen & Co. and HCIA Inc., a health-care information company.

"The Guide to the Nursing Home Industry" reported that the median profit margin for all nursing homes increased 0.74% to 3.21%. The rate of increase was lower than in previous years because expenses increased at a faster rate than revenues for the first time in three years, the guide reported.

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