With the slow step toward the end of the public health emergency, are long-term care providers finally out of the woods? According to senior living expert Patrick McCormick, not quite. While many industry stakeholders are breathing an air of optimism, McCormick cautions “a lot of pain” ahead.
During McKnight’s February executive Power Panel, McCormick, along with other industry leaders, discussed the many challenges on the horizon for long-term care organizations. From a slow recovery across service lines to ongoing inflation, providers need to think strategically and act deliberately to manage disruption with no end in sight — all while keeping a sharp focus on profitability and growth.
