FORT COLLINS — Residents of a Colorado nursing residence could also be displaced as a result of what the working firm calls insurmountable monetary losses throughout the COVID-19 pandemic.
The nonprofit Estes Park Well being system is projected to lose about $1.four million this 12 months as occupancy drops and Medicaid reimbursements lag, The Coloradoan reported Sunday.
As coronavirus circumstances drop, governors might gamble on bars. Once more.
States plan for cuts as Congress deadlocks on extra coronavirus help
In Colorado mountain cities, restaurant house owners shocked by a surprisingly sturdy summer time
Denver Arts & Venues furloughs workers, closes venues for the remainder of 2020
A brand new $300 federal jobless profit? Not going for some.
The monetary difficulties might drive the 52-bed Estes Park Well being Dwelling Middle in Fort Collins to shut. The middle has 29 residents and has by no means been totally occupied.
The well being system, partially funded by about $three million a 12 months generated by way of a particular taxing district, estimates a 20% drop in income this 12 months and subsequent, necessitating about $7.5 million in cuts “to interrupt even,” CEO Vern Carda mentioned.
For most individuals, the brand new coronavirus causes delicate or reasonable signs, corresponding to fever and cough that clear up in two to 3 weeks. For some — particularly older adults and other people with current well being issues — it will probably trigger extra extreme sickness, together with pneumonia, and demise.
The variety of infections is regarded as far increased as a result of many individuals haven’t been examined, and research recommend folks could be contaminated with the virus with out feeling sick.
Subscribe to bi-weekly e-newsletter to get well being information despatched straight to your inbox.