Disinvestment Disinvestment means taking advantage and exploiting the Medicare and Medicaid programs to increase personal profits rather than using those funds for the intended purposes of staffing and patient care. NY Attorney General James sued a nursing home for disinvestment causing unsafe staffing and fraud allowing abuse and neglect for years. The lawsuit against Comprehensive at
The Courier reported Judge C.J. Williams sentenced nurse Matthew Daniel Bowlden to one year and one day in prison for stealing pain medications from vulnerable adults. He only got a year for acquiring a controlled substance by deception. Stealing pain medication from an elderly nursing home patient is despicable. Bowlden has eight prior convictions extending
Fierce Healthcare reported on a new study about specialists in the nursing home industry. JAMA recently published a study showing the number of doctors and advanced practitioners who specialize on nursing home care increased by more than a third between 2012 and 2015. The number of specialists rose from 5,127 to 6,857, an increase of 33.7%.
Kaiser Health News had an incredible story about greed in the health care industry. Vulture capitalism controls health care in America. Private equity is a major problem. Deep-pocketed Wall Street firms plowed $206 billion into more than 1,400 health care acquisitions according to industry tracker PitchBook. Private equity firms and related entities profit by violating
California Ensign Expands in Texas The Ensign Group, Inc. (Nasdaq: ENSG) issued a press release after acquiring the following skilled nursing facilities in Texas: Brodie Ranch Nursing and Rehabilitation, a 120-bed skilled nursing facility located in Austin, Texas; Onion Creek Nursing and Rehabilitation Center, a 125-bed skilled nursing facility located in Austin, Texas; Riverside Nursing and
The Iowa Capital Dispatch reported that bankrupt nursing home chain QHC Facilities owes taxpayers $6 million in unpaid fines and fees for abuse-and-neglect violations. QHC Facilities owns eight nursing homes and two assisted living facilities in Iowa. Regulators cited QHC for at least 184 regulatory violations in the past 20 months. Court records show the chain owes
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