“AHCA Releases Report Highlighting Unprecedented Economic Crisis in Nursing Homes; High Operating Costs and Stagnant Recovery Could Mean More Nursing Home Closures, Threatening Access to Care for Seniors”

“AHCA Releases Report Highlighting Unprecedented Economic Crisis in Nursing Homes; High Operating Costs and Stagnant Recovery Could Mean More Nursing Home Closures, Threatening Access to Care for Seniors,” AHCA/NCAL

 

Quote:

“The American Health Care Association (AHCA) today released a new report outlining the financial impact of the COVID-19 pandemic on the nation’s nursing homes. The report, produced by CLA (CliftonLarsonAllen LLP), highlights that the cost of care and other operations in nursing homes is far exceeding their reimbursement rates, resulting in a projected 4.8 percent negative margin. The industry is also facing a historic workforce crisis and significant declines in occupancy as a result of the pandemic. The unprecedented challenges have resulted in reduced access to care for seniors and individuals with disabilities across the country. Key findings from the report include:”

 

LTC Comment, Stephen A. Moses, President, Center for Long-Term Care Reform:

Click through for the details. These findings expose CMS’s and Biden’s SOTU attacks on nursing homes as excessive and unfair. As always, government demands Ritz Carlton care at Motel 6 rates, but this latest development adds Gulag morale to the mix.