ASHA: Senior Living Faces $17 Billion Financial Impact from Covid-19
The federal government likely will make more funds available to assisted living providers soon, although it is unclear how much will be directed to the industry, and further help is needed given an estimated $17 billion financial impact that Covid-19 is set to exact on the senior living industry, according to ASHA.
“The confluence of both revenue and expenditure strain on this industry is not sustainable,” ASHA President David Schless wrote in the letter. “It is critical for the continued viability of this industry to serve our seniors that additional financial support be directed from the remaining Provider Relief Fund dollars to these deserving companies.”
