One of the more interesting aspects of the epic battle over the tax reform bill has been this sector's response. One major long-term care organization continues to blast proposed changes while the other has remained largely silent.
Knowing the right questions to ask and the right characteristics to look for are vital for potential residents and family to making a better and more informed choice. Potential customers, however, may not consider whether a facility is for-profit or non-profit
If you have relatives between the ages of 10 and 20, chances are good that you are more familiar with Harry Potter than you care to admit. J.K. Rowling wrote seven novels that chronicle Harry's good-versus-evil adventures at the Hogwarts School of Witchcraft and Wizardry.
An initiative to monitor for-profit nursing home chains and another to increase implementation of electronic health records in nursing homes were both included under the Affordable Care Act. But given the current federal deficit debate, these and other healthcare proposals might remain unfunded, officials say.
At least a handful of for-profit nursing home companies' stock values are holding strong, despite an overall shaky economy, a new Dow Jones report notes. The key has been relatively stable Medicare and Medicaid payments, though there is concern about payment levels for fiscal 2010 that are expected to be announced around the end of the month, report authors note.
One new federal bill would expand the scope of disaster relief to include for-profit nursing homes, while another would help fund the installation of sprinkler systems.
An appeals court has ordered the retrial of a lawsuit in which a major nursing home chain had most of a $29.8 million punitive damages award against it thrown out. The Tennessee Court of Appeals ruled last week that a Warren County Circuit Court judge had made a mistake two years ago when he reduced the damages amount to $163,000.
Despite the general economic gloom at the end of 2008, Kindred Healthcare Inc. ended the year strong. Net income rose by 30% in the fourth quarter compared with the same quarter a year earlier.
Directors of nursing at assisted living facilities saw a slight pay increase in the last year. Their national average salaries rose to $60,000 in 2008 from $59,627 in 2007, according to the eleventh annual 2008-2009 Assisted Living Salary & Benefits Report.
Nonprofit nursing homes provide a higher quality of care than for-profit facilities, according to an analysis by USA Today of the first ratings of nursing homes by the government's five-star rating system.
The nation's second largest nursing-home chain has turned to a physician with deep experience in pharmaceutical research and delivery to become its new chief executive. Neil Kurtz, M.D., will become Golden Living's president and CEO on Aug. 29, the company announced Tuesday.
The for-profit long-term care community has been digesting a bitter tasting piece of proposed new legislation in recent weeks.
CEO Robert Adams follows in his father's footsteps.
Private equity investors who have been hailed in long-term care circles for scooping up hundreds of facilities at high prices were ripped in a New York Times investigative article for allegedly cutting nursing hours and expenditures to boost profits.