Dominion Post
No Result
View All Result
  • Home
  • News
    • Latest News
      • Business
      • Community
      • Cops and Courts
      • Education
      • Religion
      • WVU News
    • Government
      • West Virginia Legislature
      • Granville Council
      • Kingwood Council
      • Monongalia County
      • Morgantown Council
      • Preston County
      • Reedsville Coucil
      • Westover Council
    • Entertainment
      • Life & Leisure
      • Marquee
    • Contributors
      • Aldona Bird
      • Becca Fint Clark
      • Dr. Michael Hogan
      • Dr. Trembush and Dr. Stout
      • H.R. Scott
      • Healthy Living
      • Irene Marinelli
      • Joe Smith
      • John Samsell
      • Justin Jackson
      • Keenan Cummings
      • Kerri Kosten
      • MaryWade Triplett
      • Sean Manning
      • Vaageesha Das
  • Sports
    • Local Sports
    • WVU Sports
    • Outdoors
  • Opinion
    • Editorials
    • Daily Columnists
      • Cal Thomas
      • Leonard Pitts Jr.
      • Froma Harrop
      • Salena Zito
      • Hoppy Kercheval
    • Letters to the Editor
      • Letters
      • Guest Essays
    • Guest Editorials
  • Classifieds
  • Obituaries
  • E-Edition
  • Podcasts
  • Marketing Services
  • Contact
    • Contact Us
    • Frequently Asked Questions
    • Submit a Classified Ad
    • Submit Announcement
    • About the Dominion Post
  • Sign In
Dominion Post
Subscribe
  • Home
  • News
    • Latest News
      • Business
      • Community
      • Cops and Courts
      • Education
      • Religion
      • WVU News
    • Government
      • West Virginia Legislature
      • Granville Council
      • Kingwood Council
      • Monongalia County
      • Morgantown Council
      • Preston County
      • Reedsville Coucil
      • Westover Council
    • Entertainment
      • Life & Leisure
      • Marquee
    • Contributors
      • Aldona Bird
      • Becca Fint Clark
      • Dr. Michael Hogan
      • Dr. Trembush and Dr. Stout
      • H.R. Scott
      • Healthy Living
      • Irene Marinelli
      • Joe Smith
      • John Samsell
      • Justin Jackson
      • Keenan Cummings
      • Kerri Kosten
      • MaryWade Triplett
      • Sean Manning
      • Vaageesha Das
  • Sports
    • Local Sports
    • WVU Sports
    • Outdoors
  • Opinion
    • Editorials
    • Daily Columnists
      • Cal Thomas
      • Leonard Pitts Jr.
      • Froma Harrop
      • Salena Zito
      • Hoppy Kercheval
    • Letters to the Editor
      • Letters
      • Guest Essays
    • Guest Editorials
  • Classifieds
  • Obituaries
  • E-Edition
  • Podcasts
  • Marketing Services
  • Contact
    • Contact Us
    • Frequently Asked Questions
    • Submit a Classified Ad
    • Submit Announcement
    • About the Dominion Post
  • Sign In
Dominion Post
No Result
View All Result
Home Latest News Business

Nursing homes facing money troubles

by Suzanne Elliott, The Dominion Post
December 30, 2020
in Business, Community, Healthcare, Latest News
2 min read
396
VIEWS
Share on FacebookShare on Twitter

Two-thirds of the nursing homes and personal care facilities in the U.S. may not be in operation much longer because of the financial impact of the COVID-19 pandemic, a national survey by two trade associations found.

The survey done recently done by the Health Care Association and the National Center for Assisted Living said staffing has been the top cost, with nine out of 10 facilities hiring extra employees to meet the demand brought on by the pandemic. Also, more than 70% surveyed said they had to pay overtime.

“Our nursing home providers are facing the worst financial crisis in the history of the industry due to increased costs related to COVID and chronic Medicaid underfunding,”  Mark Parkinson, president of the two associations, said in a statement. Besides staffing, extra costs include COVID-19 testing and personal protective equipment, he said.

“Without adequate resources, the U.S. will repeat the same mistakes made during the initial outbreak last spring,” Parkinson said. “We need Congress to prioritize our vulnerable seniors and their caregivers in long term care facilities, by passing another COVID relief package right away.” 

Other highlights of the survey show:

  • 90% of the nursing homes are operating at a 3% profit margin or less, and 65% are operating at a loss; 10% said their profit margin is greater than 3%.
  • 28% of the respondents said they could continue to remain in operation at the current pace for 12 months or more and 10% said they could remain open for one to three months. 
  • 86% provided bonus pay to staff, and 94% asked employees to work overtime or do  double shifts.

Residents of the 200-plus nursing homes and personal care facilities in West Virginia could be particularly vulnerable if there are closures. State residents 70 and older make up 77.5% of the people who died from the virus. 

Gov. Jim Justice said earlier this week that all elder care facilities have been given the vaccine.

Tweet @41Suzanne

Tags: businesscoronavirusCOVID vaccineCOVID-19healthcarenursing homevaccine
Suzanne Elliott, The Dominion Post

Suzanne Elliott, The Dominion Post

More Articles

wvu's stewart hall
Community

West Virginia University’s sees a new ‘normal’

April 11, 2021
COVID-19 illustration
Community

COVID variants on the rise regionally

April 11, 2021
Business

Local musicians, live music venue are easing back into live performances

April 11, 2021
covid vaccine
Community

Drive over to get a vaccine

April 11, 2021
Letters

April 11 letters to the editor

April 10, 2021
Guest Essays

Guest essay: 10 reasons young people should get the vaccine

April 10, 2021
Load More
Next Post
Caregivers, professionals learn about disease at Alzheimer’s University

Accused man to be hospitalized for evaluation

Support local journalism in your community.

Subscribe

Contribute

Dominion Post

© 2020 The Dominion Post.

Menu

  • Home
  • News
  • Sports
  • Opinion
  • Classifieds
  • Obituaries
  • E-Edition
  • Podcasts
  • Marketing Services
  • Contact
  • Sign In

Follow Us

No Result
View All Result
  • Home
  • Subscribe
  • Latest News
  • Sports
  • Opinion
  • Classifieds
  • Obituaries
  • E-Edition
  • Podcasts
  • Advertising
  • Contact
  • Sign In

© 2020 The Dominion Post.