Expert Charlene Harrington raised concerns about future investments in the nursing home sector through a recent critical analysis. Harrington’s article criticized how operators like PruittHealth and the Portopiccolo Group prioritize cost-cutting and profits over patient care. They tunnel money to related entities for worthless or nonexistent “management services.” The industry has weak enforcement of standards with
Studies and investigations have shown that private equity owned nursing home facilities are “tunneling funds” to hide profits as fees to related entities or affiliated companies. These companies are common ownership or common control. Facilities claim they are broke but they are actually pocketing the money towards real estate and management fees. The taxpayer money
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
Supreme Court Justice Clarence Thomas now admits Texas billionaire Harlan Crow paid for luxury vacations to Bali and an exclusive California club. When Thomas’ verified financial disclosures were released to the public, Thomas included a statement defending his acceptance of expensive gifts from Harlan Crow, a donor to conservative causes and MAGA supporter. Disgraceful. Ginni
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