Medical News Today reported some fantastic news on a new study on Alzheimer’s. Alzheimer’s disease is a neurodegenerative condition affecting parts of the brain associated with memory, thought, and language. Its symptoms range from mild memory loss to the inability to hold conversations to environmental disorientation and mood changes. Research has suggested that various factors
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
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 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
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
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