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American Health Care Association: Nursing Homes Face Imminent Closures Without Financial Support From Congress

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.

COVID-19 prompts a rethinking of long-term care models

The pandemic has thrown the long-term care industry into a tailspin. Fearful of contracting the virus, patients have stayed away from nursing homes, causing a plunge in census numbers for facilities that rely on long-term care residents, short-term rehabilitation referrals and transfers from hospitals. “Is the industry going to downsize? Yes,” said Andy Edeburn, a principal at Premier, a group purchasing and consulting organization. “Not all nursing homes are going to come back.” Nursing home occupancies are at an all-time low and facilities are struggling to stay open. Nursing home occupancy dropped 16.5 percentage points to 68.5% in January 2021 from 85% in January 2020, according to the American Health Care Association/National Center for Assisted Living. In addition, 143 facilities closed or merged with other organizations in 2020 and 1,670 are projected to do so in 2021, AHCA/NCAL estimated.

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