AHCA/NCAL - McKnight's Senior Living

AHCA/NCAL

Business briefs for Monday, Dec. 21

Walgreens, CVS begin mass vaccinations at long-term care facilities today … Only 14% of nursing homes plan to mandate COVID-19 vaccine for staff: McKnight’s survey … Nursing home spending down 9.8% this year, far more than hospitals, home health … Ensign Group increases quarterly dividend to 5.25 cents per share … CareTrust declares fourth-quarter dividend of 25 cents per share … AHCA/NCAL launch campaign to encourage LTC residents and staff to get vaccinated against COVID-19

Mark Parkinson headshot

AHCA warns that two-thirds of nursing homes are operating at a loss

The COVID-19 pandemic is pushing many skilled nursing operators close to bankruptcy, according to a new survey by the American Health Care Association. The organization surveyed 953 nursing home operators on the financial and staffing challenges they continue to face and found that 90% said they are currently operating at a profit margin of 3% or less. In addition, nearly two-thirds (65%) of nursing homes are operating at a loss and report that they won’t make it another year without additional government support.

Adrienne M. Staudenmayer headshot

People in the news, Dec. 15

Appointments, promotions and news at American Health Care Association/National Center for Assisted Living, Bowman Place at Olde Bedford, Bridges by EPOCH at Hingham, Commonwealth Senior Living, Five Star Senior Living, Frasier, GlynnDevins, HMP Senior Solutions, Inspir Carnegie Hill, Integral Senior Living, Legend Senior Living, Masonic Villages, Love & Co., McShane Construction Company, Park Springs, Sabra Health Care REIT, Waterstone at the Circle.

Army Gen. Gustave Perna

Vaccine authorization is ‘ray of hope’ but only first step in beating COVID-19, long-term care provider groups say

The first vaccinations against COVID-19 in the United States could begin today, but it might be a week or more until many assisted living community and nursing home residents and staff members have the opportunity to be vaccinated. And even then, industry provider groups say, the vaccine is only the first step in beating COVID.

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