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A new analysis released shows that the recently finalized minimum staffing rule would save 13,000 lives annually. Despite the fact this rule will save 13,000 lives, the nursing homes industry continues to push to have the rule blocked. Some in Congress have introduced legislation and resolutions to block the rule. Senator Elizabeth Warren announced the findings in a
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
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