The Massachusetts nursing home industry says inadequate state funding caused 20 facilities to close last year and is putting another 39 at risk of going out of business this year.

Tara Gregorio, the president of the Massachusetts Senior Care Association, and Naomi Prendergast, president and CEO of D’Youville Life and Wellness Community in Lowell, sounded the alarm on the Codcast, saying rates provided by MassHealth are way too low because they are based on cost benchmarks from 2007. There are 398 skilled nursing care facilities in Massachusetts.

“We’re very concerned today that we don’t have the resources, whether it’s staff or funding, to support today’s needs let alone what’s coming in the next five to 10 years,” Gregorio said, referring to the so-called silver tsunami caused by the aging of the state’s baby boomer population.