Published: 5.7.21 at 4:07pm
When a change in ownership within some of the largest players in the nursing home industry is described in the news as a “blockbuster move”; and when an earnings call to investors raises the specter of “even further upside potential” without any mention of superior care, quality of life, increased standards, greater accountability and better medicine, it is not nursing care. It is a different animal altogether, the savage world of publicly traded horse-trading.
It is worth noting here, that some of the parties cited in the article below are owners and operators of some of the worst rated nursing and rehabilitation facilities throughout the United States. Thus, shareholders to whom this article was addressed, are to some extent investing in substandard care. That’s just one part of the human tragedy. Another part of the human tragedy, cited in an earlier article below, tacitly admits that one methodology for adding shareholder value is manipulating the more lucrative sides of benefits from acute care patients “who also come with more lucrative Medicare and private insurance coverage than the typical long-term nursing home resident on Medicaid.” Statements like that should upend the comfort of Medicare and private insurance carriers.Continue reading