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
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
Approximately one out of every four patients who are admitted to hospitals in the United States will suffer preventable harm. The New England Journal of Medicine published the incredible study. 24% experienced a negative health event during their hospital stay. Much of the harm is due to carelessness and systemic issues. U.S. hospitals have a
McKnight’s reported on a recent study showing that raising the minimum wage by 10% would prevent approximately 15,000 deaths in nursing homes per year, according to research. The study was published in the Review of Economics and Statistics. The data on wage hikes show a definite improvement in outcomes and conditions in skilled nursing facilities.
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