HealthInvestor reports that the average occupancy rate of nursing homes has dropped to 89.9%, citing a review by Colliers International. This is the first time the rate has fallen below 90% since Colliers started its review of in 2002.
Colliers also found that weekly fees have been increasing in the nursing and personal care sectors. Personal care average fees have risen by 61% since the second half of 2003 (accounting for inflation, this is still a real increase of 20%).
In the nursing care sector, average fees have grown by 48% since 2003 (accounting for inflation, this is still a real increase of 10%).
Colliers head of healthcare, Adam Lenton, commented on the results: “Looking ahead, the question remains, whether the pressure on operators to continue to control payroll and non-payroll cost increases, will give rise to sustainable future performance levels or whether we’ll see further pressures filter through.”
The Kosieradzki • Smith Law Firm represents clients in cases involving catastrophic injury caused by nursing homes and other care facilities that fail to provide proper care. If you believe your loved one has been harmed due neglect or abuse in a nursing home, take action today and contact the Kosieradzki • Smith Law Firm online or call us toll-free at (877) 552-2873 to set up a no-cost, no-obligation consultation.