US Nursing Homes Face Closure Risks From Staffing Shortages

Almost three quarters of nursing homes say they’re at risk of closing due to staff shortages, with more than half operating at a loss, according to a survey. If things don’t improve, most fear that resources won’t be enough to keep them in business for more than a year.

Expenses are 41% higher than a year ago, and more than half of those polled said finding workers is even more difficult this year, according to a study from the American Health Care Association released Monday. The staff shortfalls are forcing homes to turn away potential residents at a time when occupancy rates are already far lower than before the pandemic. 

Read the full story from Bloomberg here.