In a proposed rule, the Centers for Medicare & Medicaid Services will use a tool included in the Affordable Care Act to require more information on nursing home owners, managers and real estate and other partners. The rule cites a 2021 analysis from the Journal of the American Medical Association that found private equity companies seek annual returns of
McKnight’s recently reported that a grand jury indicted the owner/operator of Atrium Health and Senior Living for healthcare fraud, tax fraud and money laundering offenses. The Department of Justice announced CEO Kevin Breslin and KBWB Operations, doing business as Atrium. committed the alleged crimes from January 2015 through September 2018 at 24 skilled nursing and
Genesis keeps expanding. Genesis Healthcare confirmed the company added 34 skilled nursing facilities in Pennsylvania and four in Colorado. The national for-profit chain is now one of the largest. ProMedica previously owned and operated the nursing homes under agreement with real estate investment trust Welltower. In March 2021, Genesis came under the control of ReGen
A $105 million civil whistleblower lawsuit filed alleging CARES Act fraud. The 2020 program was meant to assist small businesses and was funded through the Coronavirus Aid, Relief, and Economic Security Act, or CARES Act. The lawsuit shows the need for oversight on how nursing home operators spent COVID relief funds. The taxpayer money was
The Future of Corporate Oversight? The RAND Corporation published a new study regarding the management and operation of facilities. As we all know, the current model requires caregivers to work tirelessly without input or complaint. Families are treated as an annoyance. The key takeaway: Administrators and operators of nursing homes must allow residents, their families,
“Overall use of psychotropic drugs did not decrease but rather the use of psychotropic drugs shifted toward a different category.” –OIG Report. The Washington Post reported on a scary trend in nursing homes. Patients are often drugged as a matter of convenience for the nursing home staff or to reduce annoying behavior, not for safety