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
Transparency = Accountability Everyone agrees of the significance of safe staffing levels on quality of care, and the prevention of abuse and neglect. However, the financial practices of for-profit NHs result in the failure to fund adequate and appropriate staffing. For-profit ownership is strongly associated with failing to meet safe staffing minimums. Insufficient staffing leads
Federal Nursing Home Reform Amendments The Supreme Court will soon decide on certain rights of nursing home residents. This is complicated but it has significant ramifications for future cases against nursing homes. Can residents in government facilities enforce the rights set out in the Federal Nursing Home Reform Amendments (FNHRA) meant to protect the health,
Costs McKnight’s reported that the average cost of insurance liability claims was lower for skilled nursing settings by more than $20,000 when compared to assisted living in CNA’s annual Aging Services Claim Report. The analysis provides insight into the claims and potential risk factors aging services organizations face. The costs include defense attorney fees, expert
Bowen Turner’s sentence of probation for one guilty plea (after being credibly accused of raping three girls) has led to widespread public outrage. Rightly so. This case shows the injustice in South Carolina. Who is Bowen Turner? A North Carolina serial rapist who avoided prison visited the grave of one of his alleged victims while “confined”
Reimbursement Rates CMS announced plans to lower nursing home Patient Driven Payment Model (PDPM) rates by 4.6% to account for unintentional overpayments. PDPM reimbursements were intended to be budget neutral. However, the nursing home industry exploited the new model and total spending increased by 5.3%, or $1.7 billion when compared to the old Resource Utilization
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