Ownership Matters Vox reported on a new working paper published by the National Bureau of Economic Research that proves greed kills. The new study shows nursing home residents die more often when private equity firms acquire nursing homes. As a nursing home attorney, I have seen how large national for-profit chains cut corners, maintain unsafe staffing,
Greed and Incompetence Despite tens of billions of dollars in federal bailout money, the nursing home industry is in serious jeopardy. Mostly because of greed and incompetence. Many are declaring bankruptcy or restructuring. Some are trying to avoid accountability for bleeding the chains dry. “I think that the REIT model is dead,” Robert Hartman, founder
Combating Misinformation “An Arm and a Leg” is a podcast produced by Kaiser Health News and Public Road Productions. Often they combat misinformation regarding health care. In one episode, former health care executive Wendell Potter talks about his transformation from health care executive to health care whistleblower. Here’s a transcript of the episode. Potter spent 2020 publishing
For-Profits Decrease Care Skilled Nursing News reported on how private equity investors, vulture capitalists, and Wall Street exploit nursing home industry finances. Leveraging real estate and siphoning funds to individual owners cause short-staffing and decrease in quality of care. A study identified a series of negative trends caused by private equity ownership. Cutting corners to
Systemic Problems The COVID-19 pandemic has exposed a failure to protect nursing home residents and staff. As a nursing home lawyer for over 25 years, these failures were long-standing and systemic. Persistent problems with nursing home care existed for years. Often because of too few and inadequately trained frontline staff. Solutions do exist. Safe staffing, transparency,
Staffing Data OnShift® announced that SavaSeniorCare Administrative and Consulting, LLC, one of the nation’s largest skilled nursing providers, has selected OnShift’s human capital management platform to 15,000 employees. SavaSeniorCare is using OnShift’s employee scheduling and financial wellness software with OnShift’s recruiting, hiring, time and attendance, and employee engagement solutions. “Our workforce is the heart of
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