2021 Post-Acute Market Report
Post-acute facilities were hit hard by COVID-19. Occupancy declines, revenue losses, death of residents, and additional personal protective equipment costs all had significant impacts on the market. COVID-19 vaccinations for residents sparked a turnaround as cases and deaths declined and occupancy increased. The 2021 Post-Acute Market Report summarizes the significant challenges faced by post-acute facilities during the pandemic, analyzes current trends, and discusses the path to recovery over the next several years. Key points include:
- Skilled nursing facilities are estimated to lose $94 billion over the two-year period 2020-2021.
- Nursing homes account for 32% of all U.S. COVID-19 deaths.
- 44% of post-acute organizations see occupancy returning to pre-pandemic levels in 2022.
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