Strategic Exit? Five Star Senior Living is exiting the skilled nursing industry completely. The management of 108 communities will transition to other operators. Five Star President and CEO Katherine “Katie” Potter said in a statement: “We believe that this shift in our focus is critical to the future success of Five Star and better positions
Facilities Increase Staffing Politico published a great article from elder advocate and health care expert David Grabowski. He studies long-term care and the economics of aging. Grabowski is a professor of health care policy at Harvard Medical School. “I’ve been studying long-term care settings for many years, and I think there’s a quicker and possibly
Republican Representative Liz Cheney (R-WY) refuses to follow the Big Lie. The Big Lie is that Biden did not win the 2020 election fair and square. Just not true. Trump lost. Cheney tweeted: “The 2020 presidential election was not stolen. Anyone who claims it was is spreading THE BIG LIE, turning their back on the
Waivers The federal government granted several waivers designed to free up hospital beds and provide uninterrupted care to seniors during the pandemic. CMS suspended improper payment-related activities between March and August 2020. It’s unclear yet how much audit activity and improper payment findings were curtailed over the last calendar year. The agency also adjusted how
New Jersey Senate and Assembly unanimously passed a bill last month to improve transparency in nursing home ownership and management. Who really controls the facility? NJ Spotlight News reported the bipartisan law that requires additional information for licensure. “Residents, families, staff and the public have a right to know who is applying for ownership of
McKnight’s reported in an opinion piece that appeared in medical news outlet STAT. Dr. Haider Warraich, M.D. admitted what everyone in the industry knows: “Private equity investment fundamentally changes nursing homes.” Dr. Warraich asserts that for-profit nursing homes place residents at higher risk of death and are a poor deal for elders overall. The lack of
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