Omega Healthcare Investors (NYSE: OHI) and Providence Administrative Consulting Services (PACS) spoke at the National Investment Center for Seniors Housing & Care (NIC) conference. Omega is the largest owner of nursing homes in the United States, with a portfolio of about $10 billion worth of real estate, 80% of which is skilled nursing. PACS operates
Trump erroneously claimed he “got rid of the death tax on farms so that when you do pass away, on the assumption that you love your children, you can leave it to them and they won’t have to pay tax. But if you don’t love your children so much — and there are some people that
Health Affairs published a study showing family members aka “informal caregivers” provide two extra “shifts” of care per resident weekly in assisted living communities. This equates to 65 hours per month per resident, according to the study. These informal caregivers need training and compensation. The burden on family caregivers is greater in assisted living than in
Safe staffing levels at nursing homes have been associated with better care quality for residents. A Health Affairs study found that nursing homes with higher proportion of lower paying Medicaid residents directed more revenue toward workers but reported lower staffing levels. This may be attributed to lower Medicaid reimbursement, which nursing homes argue is below the cost
Most nonprofit hospitals neglect by cutting care for vulnerable adults and those living in poverty. Read a new report in Bloomberg Law: https://apple.news/AHhkgSh-YQQm9Pcbki3TIVw Most “nonprofits” are not really nonprofits. The administrative, the management, and the board directors make millions while cooking the books.
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