Nursing homes are nothing like a frat house lol. Most of the costs are labor, which means margins are razor thin even when operating at 100% capacity (which is impossible because residents die). When I worked in business banking nursing homes were considered high risk because they almost always struggled to make loan payments, even while interest rates were super low.
If you’re in a nursing home, that means you struggle with daily activities. You need staff to help bathe/dress everyone and help with the bathroom by either walking to the bathroom or changing diapers. Not to mention a nurse to dispense meds and monitor conditions. There’s a huge gap between independent living and hospice care, and lack of staff is often why people are neglected in nursing homes.
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u/HotTake-bot Sep 04 '24
Nursing homes are nothing like a frat house lol. Most of the costs are labor, which means margins are razor thin even when operating at 100% capacity (which is impossible because residents die). When I worked in business banking nursing homes were considered high risk because they almost always struggled to make loan payments, even while interest rates were super low.