Long Term Care Providers Facing Financial Hardship Due to COVID-19

The American Health Care Association and National Center for Assisted Living (NCAL) released national surveys which showcased the increased costs and financial hardship nursing homes and assisted living communities are facing in response to COVID-19.

More than half of nursing homes surveyed are operating at a loss, and they name PPE supplies, Staff hero pay, and additional staffing as the top three costs they have incurred due to COVID-19.

72% of nursing homes and 64% of assisted living communities surveyed said they cannot sustain another year operating at this pace.

While nursing homes report receiving federal and state funding to help offset some of the additional costs, none of the assisted living communities report receiving funding from the federal government.

NCAL established National Assisted Living Week which will be observed September 13-19, 2020. They hope to increase awareness of how assisted living centers provide unique opportunities for their residents and the community, and support the role they play in caring for America’s seniors and individuals with disabilities.

Reporting for WGRT – Jessie Wiegand