With COVID-19 spreading through the U.S. like wildfire with hundreds of thousands of confirmed cases and thousands of deaths across the country. Nursing homes are unfortunately some of the hardest hit places anywhere in the country. In Seattle, Washington, the Life Care Center of Kirkland was one of the first U.S. epicenters of the COVID-19 outbreak. More than two thirds of the residents have tested positive for the virus and nearly 40 have died. Across the U.S., more than 2,000 long term care facilities have reported cases of COVID-19 – New Jersey alone, nearly 400 of these facilities have been
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In just six years, the market for long-term care in the United States will reach $737 billion. Despite the growing demand for long-term care services, many facilities struggle to stay in business and many have closed their doors due to high operating costs. In 2018, 52 million Americans were over the age of 65. By 2060 that number will nearly double. How can post-acute care businesses stay afloat amid rising costs and diminishing reimbursement rates to meet the rising demand? More than half of Americans will need long-term care in their lifetimes, and one in seven will need it