In case you did not notice, practically every equity analyst report we read on healthcare companies in the past four weeks had “labor headwinds” either in the title or the first paragraph. And I am not talking about senior care companies. These were home health, managed care, PMGs, you name it.
Providers just can’t find the staff they need, and when they do, it is expensive. But you know that. Perhaps if we enter into a small recession that will help with the labor shortage, but don’t hold your breath. I’m not.
We have a systemic problem, and it needs major changes if it is going to be fixed for the senior care industry. And the senior care industry must be a leader on the labor front to flourish in the future, as hard as that may be to do.
I have finally finished my “Fixing Labor” White Paper, which will be available on the Levin Pro LTC platform soon. You may not like, or disagree with, my solutions, or think they are far-fetched. If so, I would love to hear your ideas and how you think we will be able to staff for the future, and how to pay for it. Something needs to be done now before the boomers need your services.
