“The Perfect Storm: Nursing Home Industry Outlook is ‘Not Pretty’ Amid Rising Inflation, Labor Costs”

 

 

“The Perfect Storm: Nursing Home Industry Outlook is ‘Not Pretty’ Amid Rising Inflation, Labor Costs,” by Amy Stulick, Skilled Nursing News

Quote:

“Consulting firms in the skilled nursing space are getting a better snapshot of the labor market as data continues to pour in, and the outlook remains bleak – dwindling workforce numbers are running up against increased average cost of labor and overall inflation. … This is all while the Biden administration is attempting to implement a federal minimum staffing ratio and placing emphasis on adequate staffing through the five-star rating system and surveys.”

 

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

LTC operators confront hard economic reality while their government funders pursue wishful thinking … and compulsion.