The prospect of dying broke looms as an imminent threat for the boomer generation. The New York Times had an incredible series of articles about the long term care industry called Dying Broke. The series examines how the immense financial costs of long-term care drain older Americans and their families. These highly profitable facilities often
According to Genworth’s Cost of Care Survey, the average cost of a semi-private room in a nursing home in the U.S. is $7,908 per month or $260 per day. The average cost of a private room is even higher at $9,034 per month or $297 per day. Nursing home residents are not getting the quality,
Research has shown that the turnover rates of NH administrators (NHA) and directors of nursing (DON) have a direct impact on overall quality. Turnover is a result of mismanagement and negative culture. Nursing homes can improve staff retention with better communication, increasing wages, enhancing shift differentials, and providing health benefits. The facility culture matters. “While nursing
Axios Markets co-author Matt Philips writes the U.S. is pumping oil at a record rates. More than ever before. U.S. production hit 13.2 million barrels per day in the first week of November. It’s pushing the price of crude lower, even though America’s enemies, Russia and Saudi Arabia, cut their production to raise prices.
CMS will finally require nursing home owners and operators to disclose details about related entities and ownership structures. For decades, the industry was allowed to siphon taxpayer funds to shell companies providing worthless services. The rule includes and defines both private equity and real estate investment trust owners. CMS Administrator Chiquita Brooks-LaSure said in a
A resident of a Williamsburg care facility died after a nine-hour delay in receiving medical care for serious injuries she sustained in a traumatic fall. State inspection reports indicate that at 9:45 p.m. on June 2, 2023, a nurse aide at the Highland Ridge Care Center in Williamsburg found a female resident on the floor of