Coronavirus finance points might drive Fort Collins nursing residence closure

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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.
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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.
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