Nursing Home buisness in trouble?

[Tuna Baygel]

I have a small insider view to what is currently going on. From what I see, expenses have never been higher, reimbursements pretty much stayed the same, and homes have never been so empty. Is the current business model still a profitable one?

[S209]

I have a small insider view to what is currently going on. From what I see, expenses have never been higher, reimbursements pretty much stayed the same, and homes have never been so empty. Is the current business model still a profitable one?

Don’t forget NY investigating and many new fines.

[jye]

It probably depends on entry point and debt load. Those that paid to dollar and used creative funding and execution are obviously more vulnerable. There’s a price point that the model makes sense, and that may be significantly lower that what was being asked a couple years ago.

[Sammy82]

I've convinced several people over the years not to go into it (actually I didn't convince them. I just told them to open their eyes and make sure they really want to do it). It's gotten extremely hard over the past 10 years and it's only getting harder. If I knew them what I know now, I'm not sure I would have entered this industry. At this point it's too late for me to change.
Then again, I imagine many/most industries feel the same way.

[Definitions]

I have a small insider view to what is currently going on. From what I see, expenses have never been higher, reimbursements pretty much stayed the same, and homes have never been so empty. Is the current business model still a profitable one?

Expenses going up and reimbursement staying the same I can understand. But why is it emptier than before? Isn't it covered under Medicare?

[WayBackMachine]

Expenses going up and reimbursement staying the same I can understand. But why is it emptier than before? Isn't it covered under Medicare?

Covid treatment effect
those that are dead are already buried, those that are alive want to stay alive.

[free123cc]

great....just in time for me to start my LNHA internship in 2 weeks.....

[sguitarist18]

great....just in time for me to start my LNHA internship in 2 weeks.....

The challenging times means that:

1) There's lots of learning opportunities
2) There's more demand than ever for capable administrators.

[GAM Z.]

I have a small insider view to what is currently going on. From what I see, expenses have never been higher, reimbursements pretty much stayed the same, and homes have never been so empty. Is the current business model still a profitable one?

Is the question of the current business model being profitable a question for employees or for owners?

[Sammy82]

Is the question of the current business model being profitable a question for employees or for owners?

Officially only the owners as employees are salaried, but if the owners are losing money they will shut down the facilities. Guess who loses out then? Yup, the unemployed employees. As do the residents.

[GAM Z.]

Officially only the owners as employees are salaried, but if the owners are losing money they will shut down the facilities. Guess who loses out then? Yup, the unemployed employees. As do the residents.

Nursing homes are not going away in the near future. Where will all the residents go?

[yomo]

For years, decades, people have been questioning this business and suggesting that the free $ won't last etc etc...every year they seem to PRINT more and more $ and these guys literally have no idea what to do with all the $ coming in. I feel the more people say it will end, the greater it gets lol.

[sguitarist18]

Every year, there are dozens of nursing homes that close. There are people buying nursing homes who do not make ends meet.

And while in the long run I believe there's going to be this need, the government could easily, foolishly, run things into the ground thinking they can control things better. Foolishly, because historically, government/county run facilities are generally the worst - horrible quality and high cost.

[Sammy82]

For years, decades, people have been questioning this business and suggesting that the free $ won't last etc etc...every year they seem to PRINT more and more $ and these guys literally have no idea what to do with all the $ coming in. I feel the more people say it will end, the greater it gets lol.

are you in the industry or do u just know people who are and live a certain lifestyle?

[DaasTora]

are you in the industry or do u just know people who are and live a certain lifestyle?

You’re really asking? Just read his post… I think it’s pretty obvious.

[yomo]

are you in the industry or do u just know people who are and live a certain lifestyle?

I'm in real estate. Many friends/family in Healthcare. Personally know a few dozen people in industry. Some spend lavishly, some don't. All give enormous checks to tzedakos, some of which I'm personally involved with. They also invest significantly in Real estate I'm involved with, so I know first hand how they're doing.

Yes, everyone I personally know who has equity/ownership stakes in healthcare industry are crushing it. For years now. Newcomers from nowhere and old-school/old-timers. All printing $ as a whole. I don't know anyone who has overall (not on a single deal or two) lost their pants. All consistently doing well.

[DaasTora]

I'm in real estate. Many friends/family in Healthcare. Personally know a few dozen people in industry. Some spend lavishly, some don't. All give enormous checks to tzedakos I'm personally involved with and invest significantly in Real estate I'm involved with, so I know first hand how they're doing. Yes, everyone I personally know who has equity/ownership stakes in healthcare industry are crushing it. For years now. Newcomers from nowhere and old-school/old-timers. All printing $ as a whole. I don't know anyone who has overall (not on a single deal or two) lost their pants. All consistently doing well.

Why are you in the wrong industry?😀

[yomo]

Why are you in the wrong industry?😀

Great question! Lol been asking myself that for years. Still trying to convince myself that slow and steady wins the race 😁

[DaasTora]

Great question! Lol been asking myself that for years. Still trying to convince myself that slow and steady wins the race 😁

I have family in healthcare that made it really big but I’m still not sure about entering it myself. And funny that sometimes I think that real estate is the place to be.