Why It Matters Who Owns A Nursing Home

Do you know who owns the Nursing Home a parent is living in? Does it matter? YES, it does matter and here’s why. Many nursing homes are owned by REITS or Real Estate Investment Trusts, and the investors in these large corporate trusts want to make as much return on their investment dollars as possible. As we reported last week, this can affect your parents quality of care (Do Management Companies and Big Corporations Affect Nursing Home Quality of Care?) or even worse, put their health at risk. In reference to a research letter in JAMA, the Skilled Nursing News website reported that “Real estate investment trusts (REITs) owned about 12% of all skilled nursing assets as of 2021, equating to about 1,870 facilities.”

And the National Bureau of Economic Research published a working paper which stated in part, “Amid an aging population and a growing role for private equity (PE) in elder care... PE ownership leads to lower-risk patients and increases mortality. - Declines in measures of patient well-being, nurse staffing, and compliance with care standards help to explain the mortality effect.”

Yes in many cases, it seems it does matter who owns a Nursing Home! Read The Bureau Report. Additional reading concerning White House Administration Efforts to Increase Ownership Transparency in Health Care Settings.

More Nursing Homes and Hospitals Suing To Collect On Patient Dept Including Friends And Family

Do you know what a “Pernicious strategy to pursue family and friends for a patients debt” is?

Well read these two interesting and upsetting articles which caught our eye last week concerning the efforts of Senior Care and medical facilities to collect their patients dept. While we certainly must pay what we owe, the lengths these businesses and their attorneys are going to seems at times to be excessive, cruel, and underhanded. Here are the two reports which caught our attention.

Nursing homes are suing friends and family to collect on patients' bills - NPR

In this Oklahoma town, almost everyone knows someone who's been sued by the hospital - NPR

If you or someone you know would like to know how you can find trusted and affordable Senior Homes for someone they love, please send us a message on our Contact Us page and we will be glad to help.

W. Gene - Senior Home Search.