Operating in a tough economy
PPS Alert for Long-Term Care, January 1, 2009
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As if operating a nursing home wasn’t challenging enough already, economic factors mean facilities now face Medicaid cuts, stricter lending practices, and higher food and fuel prices.
Barbara Gay, director of advocacy information at the American Association of Homes and Services for the Aging (AAHSA) in Washington, DC, says long-term care facilities have more difficulty accessing credit while the value of their investments are declining.
This is an excerpt from a member only article. To read the article in its entirety, please login or subscribe to PPS Alert for Long-Term Care.
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