REIT Ownership “There is concern that REIT ownership of healthcare facilities may divert capital away from investments in clinical care delivery toward generating high returns for investors instead.” –researcher Joseph Dov Bruch, Ph.D. REITs owned more than $3.5 trillion in U.S. assets last year, including the health sector. Harvard Medical School’s Department of Health Care
McKnight’s reported on new technology saving time for caregivers. Christian Living Communities is a Colorado-based long-term care operator. The facility halved caregivers’ time spent measuring vital signs after integrating new machinery into its electronic health records system. “This is a win-win for the residents and the caregivers. A win for the residents who receive better
Emergency Preparedness Lawmakers have since passed legislation mandating nursing homes to have powered generators. A new bill requires Louisiana nursing homes’ emergency preparedness plans to be approved by the state’s Department of Health each year. Providers must review and update its emergency preparedness plan and submit the full plan to the Louisiana Department of Health by
Medicare Advantage Organizations Some long-term care providers are refusing to accept residents based on payor source. This type of discriminations is illegal. Research has already found that admissions discrimination among less profitable residents is “widespread” in nursing homes. The industry claims admitting residents covered by managed care plans is not worth it because they doubt they’ll be
Revenue and Spending There has been a lot of noise, confusion, and disinformation from the industry about revenue and Medicare “cuts”. Skilled nursing experienced an increase in Medicare spending while spending overall for 32 million Medicare beneficiaries declined in 2020. Skilled nursing facilities manipulate and exploit PDPM reimbursement to maximize profits. Kaiser Family Foundation confirmed
Hospital bills and other health care costs should be transparent and reasonable. Unfortunately, they are not. Enforce the law now.
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