The path forward for struggling nursing homes
The demand for nursing homes has plummeted as costs have skyrocketed. What's a struggling nursing home operator to do? Consider a rehab to an assisted-living facility. Read more in McKnight's Long-Term Care News.
A convergence of market pressures is bearing down on the nursing home industry. Changing demographics, old infrastructure, new competition, rising labor costs and a plethora of never-ending reimbursement pressures have all battered what was once seen as a business with infinite demand.
In the midst of those troubles, however, lies a solution—one built on turning something old into something new.
