Nursing Home Funding Shortfalls Contribute to Closures
A 2016 study from Elijay LLP, a national accounting and consulting firm, ranked Wisconsin as having the highest daily shortfall per Medicaid patient in the United States. A Milwaukee-based Fortis Management Group that operates sixty-five long term care centers in six states filed for receivership in July 2017 and closes its Milwaukee headquarters in the fall of 2018.
In Wisconsin, a total of thirty-four facilities in the state have either closed or are in the process of closing since 2016. Industry representatives say that Medicaid losses are a significant contributing factor.
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Posted on Sun, November 10, 2019
by Robert Carter