Nursing home leadership is needed for quality of care. Administrators are often financially restricted because tunneling to related entities making their job difficult. Turnover is a major problem in the industry. High administrator turnover rates place the facility at risk for mismanagement and poor performance in violation of 42 CFR 483. 70. Studies have found
McKnight’s reported on The Ensign Group, a national for-profit nursing home chain. The Ensign Group planned a double-prolonged expansion with managed care partners. The relationships with these partners will create profit and avoid liability within the nursing industry. The combination of increased occupancy rates and high managed care volume allows Ensign’s expansion plan to succeed. CEO
Steward Health Care, the for profit health care provider that relied on private equity investors to acquire dozens of community hospitals, including facilities in Massachusetts, Texas and Florida, announced that it is filing for bankruptcy. The investors siphoned millions from the operation.
Facilities are discharging patients that do not follow Federal regulations which leads to unsafe and traumatic harm for the patient. CMS and State Long-Term Care Ombudsmen question the extent to which the nursing homes follow these Federal requirements for discharge. OIG conducted an investigation into nursing homes’ capability to care for patients with mental health
A recent study titled “Tunneling and Hidden Profits in Health Care” proves the lack of transparency in the nursing home industry where hundreds of billions of taxpayer dollars are siphoned to real estate investors, private equity, and greedy owners. The industry complains that they are too poor to pay workers a fair wage. Where does all
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