The Philadelphia Inquirer reported the criminal charges against management for cutting staff. If this is a new trend, the prisons will be full. Not many nursing homes maintain safe sufficient staffing to meet the needs of the residents. Short-staffing affects the quality of care and harms the health, safety, and well-being of the residents. Chaim
Private Equity Investors U.S. Rep. Bill Pascrell Jr. (D-NJ) is chairman of the House Ways and Means oversight subcommittee. He wrote a letter asking the Government Accountability Office to investigate the relationship between private equity investments and closed healthcare facilities. Private-equity has exploited the industry and siphoned taxpayer funds away from resident care. Pascrell cited increased surprise
More Bailouts Federal government stimulus funding such as the CARES Act allowed the nursing home industry to survive during the pandemic. Occupancy rates fell to the lowest level since data have been collected. The National Investment Center for Seniors Housing & Care (NIC) states the rate is only 71.7%. Occupancy declined 13.3 percentage points since February
MarketWatch asked an important question: Would you want your parents to live in a nursing home owned by private equity? As a nursing home attorney, I have found that nonprofits are better than for-profits, and chains owned by private equity are the worse. Over the last two decades, private equity firms bought 2,000 nursing homes.
New Jersey passed a law requiring nursing homes to disclose the names of owners and relate entities. Ownership transparency increases accountability and safety. As a nursing home attorney, this is progress. I hope South Carolina passes similar legislation. The law requires operators to disclose material information about changes of ownership. This will help find repeat
Single-occupancy rooms are necessary for resident safety and to prevent infectious diseases from spreading in nursing homes. It is not a luxury or just a privacy concern. It should be the cost of doing business. Plante Moran observed in a new report that the need will accelerate in the future. “Moving forward, private rooms will