Japan Nursing Sector: According to a survey by the Nursing Caring Group in Japan, about 27 percent of nursing homes and related services may go bankrupt or stop their operations in a few years. The biggest reason behind this is said to be rising prices and pressure on costs.
An official from Japanese nursing care group Minkaikyo said the nursing care sector is not able to pass on the cost increases to consumers like other companies, and this has a significant impact on their business. The group was among those who conducted an online survey in March covering nearly 1,200 nursing care facilities across Japan.
64.3 percent can continue operations
Concerns have also been expressed about the possible decline in the quality of nursing care service. Because of this, the number of employees in some nursing sectors has either been reduced or hiring has been postponed due to high costs. The survey found that more than 90 percent of the nursing sector has been affected due to the increase in costing.
When asked about their future business plans related to these nursing sectors, 64.3 per cent felt that they could face the challenges and continue operating. Then there were those who were worried about closing their operations or going out of business in the years to come.
Reason for saving electricity and goods
How the nursing sector is dealing with the increased cost due to the increase in the cost of nursing care service. Of the many answers to this, the most common was saving electricity and stuff. Then withdraw the savings and reduce or waive salary increments and bonuses. According to the survey, around 16.2 per cent opted for reduction of staff and suspension of new appointments.
