New Report Highlights Deepening Economic Crisis in Nursing Home Sector
March 2, 2022
AHCA/NCAL released a new report by CLA (CliftonLarsenAllen LLP) demonstrating the financial impact of the COVID-19 pandemic on the nation’s nursing homes. Skyrocketing labor costs coupled with declining revenue has resulted in negative operating margins. The economic crisis threatens more facility closures and therefore, reduced access to care for seniors across the country.