“Seniors are more commonly preferring to age in place, leading to higher acuity levels at admittance,” says Robin Weimer, sales executive for Provista. “Their care is requiring a higher employee skill set and exacerbating employee burnout. Adaptability is the key to help resolve this challenge.”
BALANCING COSTS IS AN ONGOING ISSUE
Containing costs in long-term care facilities is a constant and difficult challenge. A single year in many facilities can cost into the six figures per resident. According to the Genworth Cost of Care Survey 2018, one year in a nursing home costs an average of:
- $89,297 for a semi-private room.
- $100,375 for a private room.
Adding to the financial challenge are changing reimbursements, which effect facilities’ bottom lines. “Reimbursements equal revenue. Especially in skilled nursing facilities, reimbursements are the lifeblood of the business,” Weimer explains.
OVERCOMING STAFFING ISSUES
Finding and hiring qualified employees continues to be a problem for long-term care facilities. Even when good hires are made, it can be hard to keep them.
“Staffing within a tight labor market that is expected to get tighter is a challenge. This is affecting both front-line and more skilled staff as we reposition for higher and different acuity levels,” Weimer says. “Facilities are repeatedly challenged to hire and retain staff.”
“Defined strategies to attract and retain employees really do reduce turnover,” Weimer advises.