Barron’s had a great article about an ongoing problem in America. The fastest-growing demographic group in the United States is senior citizens. The AARP says that two-thirds will need long-term services. More than one in five adults—an estimated 53 million—were caregivers in 2020. Caregiver is the most common occupation. As the number of Americans age 65+ soars
NC Health News article explains the typical problems wth nursing homes. Writer Thomas Goldsmith does a good job dissecting the complex organizational structures of the owner and operator corporations and management companies that control and mismanage nursing home facilities. Goldsmith describes this business structure as “byzantine” and wasteful. The owner/operators siphon taxpayer funds to related
REIT Ownership “There is concern that REIT ownership of healthcare facilities may divert capital away from investments in clinical care delivery toward generating high returns for investors instead.” –researcher Joseph Dov Bruch, Ph.D. REITs owned more than $3.5 trillion in U.S. assets last year, including the health sector. Harvard Medical School’s Department of Health Care
McKnight’s reported on new technology saving time for caregivers. Christian Living Communities is a Colorado-based long-term care operator. The facility halved caregivers’ time spent measuring vital signs after integrating new machinery into its electronic health records system. “This is a win-win for the residents and the caregivers. A win for the residents who receive better
Emergency Preparedness Lawmakers have since passed legislation mandating nursing homes to have powered generators. A new bill requires Louisiana nursing homes’ emergency preparedness plans to be approved by the state’s Department of Health each year. Providers must review and update its emergency preparedness plan and submit the full plan to the Louisiana Department of Health by
Medicare Advantage Organizations Some long-term care providers are refusing to accept residents based on payor source. This type of discriminations is illegal. Research has already found that admissions discrimination among less profitable residents is “widespread” in nursing homes. The industry claims admitting residents covered by managed care plans is not worth it because they doubt they’ll be
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