Non-Profit Long-Term Care in Ontario: How Financially Robust Is the System?
Lisa Halpern,
Susan D. Phillips and
Nathan J. Grasse
Canadian Public Policy, 2022, vol. 48, issue S2, 64-80
Abstract:
The disastrous effects of the 2019 pandemic have demonstrated the need for comprehensive reform of the policy, regulatory, and financing regimes of long-term care in Canada, including strengthening the non-profit component of the care system. In this article, we assess the implications of the evolution of Ontario's long-term-care policy on non-profit providers. We analyze the revenue trends and financial health of charitable long-term-care homes (LTCHs) from 2004 to 2017. Although the general pattern is one of revenue stability for non-profit LTCHs, their financial robustness has become more constrained over time as a result of greater reliance on government funding and declining philanthropy.
Keywords: charity financing; long-term care; long-term care financial help; non-profit organizations; non-profit long-term care; philanthropy (search for similar items in EconPapers)
Date: 2022
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