“Long-term care accounts for 54 percent of healthcare bankruptcies this year”

“Long-term care accounts for 54 percent of healthcare bankruptcies this year,” by Kathleen Steele Galvin, McKnight’s Senior Living


Quote:

“Bankruptcies in the healthcare industry are trending up by more than 25% this year, and 54% of them have happened in senior living and other long-term care settings, particularly in skilled nursing facilities, according to data released by Gibbins Advisors. The experts expect the numbers to accelerate through 2023.”

 

 

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

So naturally CMS is piling on more regulations, cutting reimbursements, and demanding more “value” from long-term care providers.