US Nursing Homes Face Closure Risks From Staffing Shortages
June 6, 2022
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.