News

Telemedicine Fraud

The Department of Justice announced criminal charges against 42 medical professionals and other people for alleged $1.4 billion health-care fraud. Twenty-three doctors were charged in the illegal schemes. The cases involve the use of telemedicine services as part of the fraud. Telemedicine employs communications technology to evaluate and treat patients remotely. Telemedicine accounted for approximately

Throwing Money at the Industry

The federal government keeps wasting more money on the failing nursing home industry. After giving billions of taxpayer money to for-profit nursing homes that did a terrible job during the pandemic, we are gonna do it again. We are literally throwing taxpayer money to these profitable private companies. DHHS will spend an additional $25.5 billion

Triple Net Leases

Triple Net Leases Omega Healthcare Investors (NYSE: OHI) owns nursing homes. 2020 was a rough year for the senior housing operators that REIT Omega Healthcare counts as tenants. The REIT managed to survive the pandemic despite low occupancy rates. In fact, Omega was able to maintain its dividend despite the pandemic. How? It is a result of

Transparency Needed

In the last two years, taxpayers have given billions of dollars to the nursing home industry. The money was rolling in all of 2020. The help allowed nursing homes to survive but the quality of care decreases and unsafe staffing continued. Transparency is needed to determine where all the money went and why resident outcomes

Record Price Per Bed

The average price per bed for nursing homes rose almost 22% year over year for the first quarter of 2021. Even as staffing shortages and low occupancy rates, profits soar because of the bail-outs and high reimbursement rates. Real estate investment trusts are active in the industry. DAC Acquisition LLC entered into a merger agreement with Diversicare

Mandates Work

This chart shows that mandates work. The rapid decline is directly related to mask and vaccine mandates. Go figure. Many private companies have increased safety by requiring vaccination as a condition of employment. It has worked. The number of new daily cases has since fallen almost 40 percent. Hospitalizations are down 30 percent. Deaths declined 13

RECENT POSTS

Contact us for a free legal consultation!