Weill Cornell Medical College researchers analyzed ownership and clinical indicators. Researchers found nursing homes owned and operated by private equity firms are more likely to cause residents to visit ambulatory care-sensitive emergency department visits (i.e. traumatic falls) and hospitalizations. The researchers wrote in JAMA Health Forum wrote: “This cohort study suggests that [private equity] firm–owned
Whistleblower Settlement The IndyStar reported on a $5.5 million settlement over allegations of false claims and Medicare fraud. American Senior Communities LLC (ASC) is a private company that operates dozens of nursing homes owned by Health & Hospital Corp. of Marion County. The U.S. Attorney’s Office in the Southern District of Indiana announced the settlement.
The Atlanta Journal Constitution had an article about an archaic law in North Carolina. The 90 year old gave immunity to nurses. Fortunately, the North Carolina Supreme Court overturned that legal favoritism. The Court ruled nurses can be held liable by a jury when they harm patients. Even if they claim they were just following
Health Care Fraud CNBC reported that the Justice Department will retry sleazy nursing home owner Philip Esformes. Criminal charges include health-care fraud. The Justice Department obtained an indictment of Esformes for the largest health-care fraud scheme ever prosecuted by the department. The department said the scheme spanned two decades. The amount of the fraud exceeds an
200,000 Lives Lost Since the beginning of the pandemic, more than 200,000 staff and residents of long-term care facilities have died from COVID-19. CMS data shows only 43% of staff and 57% of residents are up to date on their vaccines. Dire conditions inside for‑profit nursing home chains caused deadly, early-pandemic conditions inside facilities. The
Fierce Healthcare reported a well-known truth: Greed kills. Nursing homes owned and operated by vulture capitalists provide inadequate staff causing abuse and neglect of vulnerable adults nationwide. Residents at PE-acquired nursing homes also generate higher Medicare costs for more profit. Apologists claim that the industry needs private equity capital to operate facilities but that is
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