McKnight's August 25, 2024
The American Health Care Association/National Center for Assisted Living released some updated supply and demand numbers last week.
To say they are concerning would be an extreme understatement.
In a nutshell: Since the onset of COVID-19, nearly 800 nursing homes have closed, displacing almost 30,000 residents.
“It’s not hyperbole to say access to care is a national crisis,” said Mark Parkinson, the organization’s president and CEO. He’s right. Nursing homes are closing faster than new ones can open, and the challenges aren’t just logistical. They’re existential.
So why is this happening when demand for long-term care services is increasing and about to explode?
Two developments stand out. First, new nursing home construction has stalled. While 73 new nursing homes opened...
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