Nursing Homes Struggling Financially, Has Drop in Residency Amid Pandemic
The coronavirus pandemic has tested nursing homes across the US. As these facilities have had to implement strict protocols in order to prevent the spread of the virus, many nursing homes are struggling financially.
One big reason why is that nursing homes across the US have seen a drop in residency.
According to the American Health Care Association and National Center for Assisted Living (AHCA/NCAL), 90% of US nursing homes are operating at a loss. This is due to a number of factors, including staffing, decreased revenue from fewer residents, and Medicaid underfunding, the agency says.