American Health Care Association: Nursing Homes Face Imminent Closures Without Financial Support From Congress
Targeted News Service (Press Releases)
WASHINGTON,
National Center for Assisted Living issued the following news release:
Nursing homes across the country are in economic turmoil. Long-standing financial shortfalls, largely due to Medicaid underfunding, have been magnified by the COVID-19 pandemic. In addition, the pandemic has worsened chronic workforce shortages and has contributed to a drastic decline in patient census. Many nursing homes were already operating at a loss, and without immediate financial assistance, closures are imminent.
As
Modern Healthcare reports, "The pandemic has thrown the long-term care industry into a tailspin."