Private equity investors and real estate moguls use nursing home properties. They manipulate the financial health of the operation. The owners borrow against, leverage, and divert tax payer funds via Medicare/Medicaid to shell companies or related entities. We need transparency to follow the money and hold people accountable for abuse and neglect. All Year Holdings will
Skilled nursing facilities will have more time to explain how they spent the bailout money from the Provider Relief Fund. The legislation, dubbed the Provider Relief Fund Improvement Act, delays “complex PRF reporting requirements” until after the public health crisis. The delay will give the industry more time to hide and divert funds. The money
Experts and advocates worry that private equity firms and other for-profit owners are underfunding care in order to line their pockets. Evidence, common sense, and academic studies link for-profit status to poor quality. Researchers and investigative articles spotlighting poor care and safety lapses at national chains. Research has repeatedly linked lower staffing levels to substandard care. To date, CMS
Ted Sherman wrote a great article for NJ.com explaining how nursing home owner/operators hide behind shell companies and divert funds to entices with common control or ownership. The industry regulations define them as “related entities.” The article uses the infamous Skyline Healthcare chain as one example but the problem persists throughout the long-term care industry.
It is a travesty how we treat our elderly veterans. Fox News reported on poorly operated nursing homes by the U.S. Department of Veterans Affairs (VA). Short-staffing, inadequate supplies, and burnt-out caregivers lead to the neglect of those who protected and defended this great country. These facilities care for the most vulnerable vets in need
The White House plans to boost nursing home staffing and oversight is great news for those of us who represents the victims of abuse and neglect in the nursing home industry. The plan will confirm a minimum staffing level–hopefully consistent with studies that show a need of 4.1. hours per patient day. Safe staffing improves
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