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Nursing Homes Facing Financial Crisis

February 4th, 2021 by Jake Stofan

The Senate Pandemic Committee was updated by the Agency for Health Care Administration and the Florida Health Care Association on the situation at long term care facilities Thursday.

Lawmakers were told 97 percent of nursing home residents and 98 percent of staff are currently COVID-free and that nearly all facilities have either received or are scheduled to receive their first dose of vaccine.

Between 70 and 80 percent of residents are taking the vaccine, while just 40 percent of staff have been willing to accept it.

Emmett Reed, Executive Director of the Florida Health Care Association said a critical issue facing facilities are increased costs from the pandemic compounded with a 15 percent decline in residents.

“If we don’t start to see occupancy increase over the next six or seven months, maybe even less, you’re going to start seeing nursing homes in a very dire situation financially. It’s just, the margins are razor thin,” said Reed.

Reed also praised the decisions made by the Governor early on in the pandemic like locking down long term care facilities and requiring a negative test for residents to be returned to nursing homes, saying the actions saved thousands of lives.

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