Long-Term Care

Operating in a tough economy

PPS Alert for Long-Term Care, January 1, 2009

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.

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