With Congress poised to pass the $1.9 trillion American Rescue Plan Act without dedicated coronavirus relief for senior living communities, the role of the Coronavirus Aid, Relief, and Economic Security (CARES) Act Provider Relief Fund becomes even more important to operators, Argentum said Thursday.
COVID-19 has had a devastating effect on the senior living industry. But industry experts said Wednesday that they are optimistic it will emerge a better product on the other side.
American Health Care Association and National Center for Assisted Living President and CEO Mark Parkinson said the organizations are pursuing two avenues for coronavirus relief for operators since the $1.9 trillion package expected to land on President Biden’s desk by the end of the week does not contain any funding directly for healthcare providers, more specifically for long-term care.
The next COVID-19 relief package from the federal government must include $5 billion in funding for assisted living, independent living, memory care and continuing care retirement communities to help with personal protective equipment, staff and testing needs, Argentum said Friday.
The skilled nursing sector is set to lose $94 billion over the two-year period of 2020 and 2021 as a result of ongoing COVID-19 costs and projected losses. That’s according to a new analysis released Tuesday by the American Health Care Association / National Center for Assisted Living.
As COVID-19 vaccines continue to be rolled out at skilled nursing facilities and assisted living communities nationwide, the “clinical nightmare” soon will be in the long-term care industry’s rearview mirror. The virus’ resulting “business nightmare” — a dramatic drop in census — may be more difficult to tackle, however, said Mark Parkinson, president and CEO the American Health Care Association / National Center for Assisted Living.
As Democrats continue plans to move forward with a $1.9 trillion coronavirus relief bill and Republicans meet with President Biden to discuss a $600 billion counter offer, senior living industry executives are reminding them to make older adults a priority.
As states are pressured to get shots into arms more quickly, some governors and public health officials are rerouting COVID-19 vaccine doses earmarked for assisted living communities and nursing homes back to states.
As the COVID-19 pandemic sends occupancy rates plummeting in senior living communities, some operators are adding vaccine access to their marketing toolbox in a bid to entice prospective residents and fill vacant units. One marketing professional, however, urges communities to proceed with caution, calling the approach “a little dangerous.”
COVID-related financial challenges have contributed to additional nursing home closures across the country, putting the care of residents in jeopardy.
