1. Elder care industry confronts both a labor shortage and a financial crisis

    Elder care industry confronts both a labor shortage and a financial crisis

    In Rookie Olson’s nine years in the business, he’s never seen anything like it. Vernon Hall, the assisted living facility in Vernon where he’s the administrator and manager, can’t seem to hire or retain anyone. After advertising for a nurse for more than a year, he finally managed to hire someone this week, but he’s still desperately searching for two resident assistants to help the 16 he has on staff. Hiring is only the start of the battle.

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    1. We desperately need people to come back, because if they don't, we're not gonna make it.
    2. It takes a special person to work in this field.
    3. The largest controllable cost is staff, and having that increase at the same time that our revenues through reduced admissions has decreased, means that our already thin margins have been blown.
    4. I can't imagine that there are many places that can survive at the current rate of reimbursement.
    5. Without the [coronavirus] relief money and now the American Rescue Plan money that was allocated to us by the Legislature directly, we were in danger of collapsing.
    6. We're just trying to do as many employee benefits as we possibly can.
    7. At the end of the day, it's a bodies problem; we don't have the number of people we need.
    8. The need for assisted living and senior care is astronomical.
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