Article by McKnights Long-term Care News
“Quality isn’t a deciding factor when a nursing home closes. So suggests a new report that has found that both high- and low-quality providers are among the more than 550 facilities that have closed since June 2015.
“It is not just low-quality providers that are closing,” said Brendan Flinn, LeadingAge’s director for Medicaid and home- and community-based services policy.
The LeadingAge report, which examined closures of certified nursing homes and what it means for the industry, revealed that a total of 555 U.S. nursing homes have closed between June 2015 and June 2019, which represents about 4% of the total number of facilities in operation.
More than 40% of the nursing homes that closed over the four-year period had a four- or five-star overall quality rating from CMS. Fifty-seven percent of nursing homes that closed had either a one-, two- or three-star rating.”