Two-Thirds Of Nursing Homes Say They May Close In 2021 Due To COVID-19 Costs, Survey Demonstrates
- December 17, 2020
Modern Healthcare (12/16, Christ, Subscription Publication) reports, “As many as 66% of nursing homes say they could close in 2021 due to COVID-19 costs, according to a new survey of nursing home providers.” The survey conducted by “the American Health Care Association and National Center for Assisted Living, which represents more than 14,000 nursing homes and assisted living facilities across the U.S., found 90% of the 953 nursing homes that responded said their profit margins are 3% or less, and 65% said they are currently operating at a loss.” The biggest cost increase was staffing.