Senior Housing Communities Struggle to Balance Budgets Among Inflationary Pressures
It comes as no surprise to anyone in the senior housing industry that the one-two punch of staffing challenges and inflationary pressure on the cost of goods is creating challenges for operators. Senior Housing News recently highlighted how many communities are dealing with the ever-shifting marketplace – from revising budgets on a quarterly basis, to joining group purchasing organizations to try and save on supply costs, to coming up with innovative staffing models. Leaders in the industry are having to be more innovative and creative than ever before.
Read about those efforts here: https://seniorhousingnews.com/2022/04/28/price-isnt-right-operators-get-creative-as-labor-food-blow-up-budgets/
This article is for informational purposes only and does not provide legal advice. Please do not act or refrain from acting based on anything you read here. Please review the full disclaimer for more information. Relying on the information provided in this article or communicating with Lowndes through our website does not create an attorney/client relationship.
