The stability of nursing homes is a big issue for the health and human service field. Since 2015, more than 1,000 nursing homes have closed and over 44,000 residents have been displaced—punctuated by 30% jump in closings during the pandemic (see Of More Than 1,000 Nursing Homes That Closed Since 2015, One-Third Closed During COVID-19). For facilities that have managed to keep their doors open, the financial picture isn’t pretty—65% of nursing homes were operating at a loss in 2020 (see 65% Of Nursing Homes Are Operating At A Loss As Of December 2020) and are projected to have a…
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