Forbes reported on a study by health economists at UCLA and Lehigh University. Nursing home owners understate profits to federal regulators by shifting income to related businesses. Ashvin Gandhi and financial economist Andrew Olenski looked into how operators “tunnel” expenses to related parties. The bottom line is that staffing levels within nursing homes will increase
Omega Healthcare Investors have created a hopeful plan for 2024. The REIT noticed a balanced occupancy rate despite slow progress due to uneven staffing. Omegas occupancy levels have continued to rise. Due to the operating “restructuring”, REIT revenue and earnings declined in the fourth quarter of 2023. CEO of Omega, Taylor Pickett, states that earnings
The Corporate Crimes Against Health Care Act was introduced on June 11th by Senator Elizabeth Warren (D-MA) and Ed Markey (D-MA). This bill is meant to “root out corporate greed and private equity abuse” inside nursing homes, assisted living communities, home health agencies, hospices, and other “healthcare entities.” This bill is the latest effort to
The nation’s gross domestic product, the value of all goods and services produced in the U.S., expanded at a seasonally adjusted annual rate of 2.8% in the April-to-June period. The new data raises confidence the economy has achieved a “soft landing” — healthy economic growth alongside cooling inflation. Consumer spending is the backbone of the U.S. economy. It
Sepsis is a condition where the body responds improperly to an infection, and this often occurs in neglected vulnerable adults. A new study, published by JAMA Internal Medicine, found that people who are believed to have sepsis who take piperacillin-tazobactam (Zosyn) and vancomycin have a 5% higher absolute morality rate at 90 days compared to those
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