The Altoona Mirror reported the prison sentence for nursing home operator Samuel Joseph Zaffuto. The former CEO at Christ the King Manor was sentenced to state prison for stealing hundreds of thousands of dollars. Zaffuto siphoned funds from the nursing home to pay for vacations, vehicle purchases and his family. His crimes began as early as May
Omega Healthcare Investors (NYSE: OHI) and Providence Administrative Consulting Services (PACS) spoke at the National Investment Center for Seniors Housing & Care (NIC) conference. Omega is the largest owner of nursing homes in the United States, with a portfolio of about $10 billion worth of real estate, 80% of which is skilled nursing. PACS operates
The latest study showing the government’s continued failure to enforce safety regulations in the nation’s nursing homes is no surprise to those of us who have been fighting the systemic abuse and neglect for decades. Underreporting of abuse, falls and pressure ulcers in nursing homes is common place to avoid accountability and responsibility. For the
Consumer Voice released an incredible new report, “Where Do the Billions of Dollars Go? A Look At Nursing Home Related Party Transactions.” The report documents how each year nursing homes funnel billions of dollars through related party companies (companies they own) with little to no oversight by the Centers for Medicare & Medicaid Services (CMS).
“CMS’ thirteen-year delay is slow even by bureaucratic standards and especially egregious given that the number of nursing homes owned by private equity has significantly increased since then” -US Sen. Charles Grassley wrote (R-IA). Recently Grassley sent a letter asking CMS to finalize CMS’ “overdue proposed rule that…failed to finalize and implement.” New rules will
The Center for Medicare & Medicaid Services (CMS) has proposed a new rule that will require the disclosure of certain ownership, managerial, and other information regarding Medicare skilled facilities (SNFs) and Medicaid nursing facilities. See the link to the federal register for more details: Medicare and Medicaid Programs; Disclosures of Ownership and Additional Disclosable Parties Information
Recent Comments