FORT COLLINS, Colo. (AP) – Residents of a Colorado nursing home may be displaced due to what the operating company calls insurmountable financial losses during the COVID-19 pandemic. The Coloradoan reported the nonprofit Estes Park Health system is projected to lose about $1.4 million this year as occupancy drops and Medicaid reimbursements lag.

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The financial difficulties may force the 52-bed Estes Park Health Living Center in Fort Collins to close. The center has 29 residents and has never been fully occupied.

The health system estimates a 20% drop in revenue this year and next year, necessitating about $7.5 million in cuts to break even.

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Comments
  1. Shelley Powers says:

    The center is in Estes Park not ?Fort Collins. The projected losses do not take into account $10.1 million dollars in stimulus and $4million in possible forgiveness loan from the government which is more than enough to cover projected costs for both 2020 and 2021. At the same time as claiming financial distress, the hospital is conducting a nationwide search for surgeons to staff their expansion of surgical services. If you think this is wrong, please sign the petition to stop from moving our most frail during the middle of a pandemic. Here’s the link: https://www.change.org/OurEldersMatter.
    Thanks for caring.

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