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
The Times Union reported another fraud case. Contained in that lawsuit are multiple allegations that owner/operator Rozenberg and Hagler submitted misleading or false information to Department of Health regulators related to funding and ownership structures for some of their nursing homes. They ignored and violated laws meant to protect nursing home residents and they pocketed
The Department of Justice settled another nursing home fraud case. The United States and the State of California have reached a $7,084,000 civil settlement with ReNew Health Group LLC, ReNew Health Consulting Services LLC and two corporate executives for knowingly submitting false Medicare Part A claims for nursing home residents. This investigation was prompted by a
The national for-profit chain Providence is getting bigger. The Oaks Healthcare, the nursing home segment of The Oaks of Orangeburg, has sold its nursing home services to Cascade Capital Group, a Skokie, Illinois-based private health care real estate investment and asset management firm. Cascade’s interests include skilled nursing, post-acute, rehabilitation and transitional-care facilities, as well