It’s no secret that privately operated, “for-profit” nursing homes tend to provide inferior care and have higher rates of deficiencies that their “non-profit” peers, yet a Chicagoland community is set to possibilily turn over the operation of a long-time nursing home to a private company. Citing the financial burden of providing quality patient care within… Continue Reading
Tag Archives: private nursing home
Ouch! Chicago Nursing Homes Average $77,198 Per Year
Posted in EconomicsAs if there wasn’t enough depressing economic news already bombarding you on a daily basis, a new report in Crain’s shows the cost of long-term care in Chicago has been increasing 6% annually since 2005– more than three times the rate of inflation. According to a study completed by Genworth Financial Inc., the average cost… Continue Reading