Studies and investigations have shown that private equity owned nursing home facilities are “tunneling funds” to hide profits as fees to related entities or affiliated companies. These companies are common ownership or common control. Facilities claim they are broke but they are actually pocketing the money towards real estate and management fees. The taxpayer money
Nursing home leadership is needed for quality of care. Administrators are often financially restricted because tunneling to related entities making their job difficult. Turnover is a major problem in the industry. High administrator turnover rates place the facility at risk for mismanagement and poor performance in violation of 42 CFR 483. 70. Studies have found
“Supposed to be really good. I’m not into the vaigan stuff, I must say, but I’m gonna have to try this,” Trump said. “When we come here in a short period of time, into Milwaukee, we’re gonna come and try that vaigan food. I don’t know if I’m going to like it.” "Veagan food" —
McKnight’s reported on the growth of a new nationwide for profit chain called PACS or Providence. PACS Group, Inc. is a holding company whose subsidiaries comprise a rapidly growing national platform investing in post-acute care facilities, professionals, and ancillary services. PACS recently became public, with just over 200 facilities. The CEO of PACS is Jason
Everyone thinks there is too much waste, fraud, and abuse in Medicare and Medicaid programs. Skilled Nursing News had an article on Ned Lamont’s bill to solve the problem. The Governor of Connecticut proposed a bill that will authorize forensic audits to review operator annual financial reports conducted by the state Department of Social Justice. This proposal
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