(THE BLAZE) – A recent survey of nursing homes found that more than 65% say they will no longer be in business by this time next year due to the added costs brought on by the COVID-19 pandemic, according to a new report.
The 19th reported that according to a survey conducted by the American Health Care Association and the National Center for Assisted Living, "about 90 percent of nursing homes are operating at a loss or less than a 3 percent profit margin, and more than 65 percent said they will be forced to close within the year due to overwhelming pandemic-related costs."
Long-term care facilities are being crippled by the ongoing need for additional staff, personal protective equipment, and testing costs while residency — and therefore revenue — has gone down.
The post Two-thirds of nursing homes say they will be forced to close within a year appeared first on WND.
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