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The cost of elderly care is downright frightening. From home healthcare to assisted-living facilities and nursing homes, it is not cheap -- and it could make a large dent in your retirement ...
Administration of nursing homes are the state to local department of health direct to local contracts, generally for-profit. [citation needed] Depending on size, staff may include those responsible for individual departments (i.e., accounting, human resources, etc.). Nursing home administrators are required to be licensed to run nursing facilities.
The average annual cost for assisted living was $48,612. Home health care, based on a 44 average week, cost $52,654 a year [57] Genworth 2019 Cost of Care Survey]. The average cost of a nursing home for one year is more than the typical family has saved for retirement in a 401(k) or an IRA. [58]
Other healthcare facilities include long-term housing facilities which, as of 2019, there were 15,600 nursing homes across the US, with a large portion of that number being for-profit (69.3%) [104] In 2022, 19 hospitals filed for bankruptcy, closed, or announced plans to close. [105]
One-star rated nursing homes near Wichita Meridian Rehabilitation and Health Care Center, 1555 N Meridian St., Wichita, KS 67203 Lincoln Care and Rehab, 4007 E Lincoln St., Wichita, KS 67218
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