Skilled Nursing Facility

SNFs predicted to lose $94 billion over two-year period

SNFs are expected to lose $94 billion between 2020 and 2021, according to a new analysis by American Health Care Association / National Center for Assisted Living (AHCA).

In 2020, SNFs spent an estimated $30 billion on PPE and additional staffing, and these costs are expected to continue throughout 2021, according to AHCA. Additionally, nursing home occupancy significantly dropped 16.5%, from 85.0% in January 2020 to 68.5% in January 2021, resulting in a loss of $11.3 billion in 2020.