Only 1 in 4 nursing homes confident they can survive a year

[FelineOverlord]

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[ShazamIam]

1. Private equity owners have been profitting at the cost of care, oops it hasn't worked out as expecte

Taking control of the nation's elder care homes looked like a fat fig for private equity and it worked for a while, all that money from tax funds and insurance companies for sub-standard (no care training) and low paid staffing.

The analysis found that between 2004 and 2016, more than twenty thousand Americans perished as a consequence of living in nursing homes run by private equity firms. The data showed that going to a private equity–owned nursing home significantly “increases the probability of death during the stay and the following 90 days” as compared to nursing homes with a different ownership struc

ture.

https://jacobinmag.com/2021/02/nursing-homes-private-equity-deaths-covid-cuomo

A more mainstream source:

https://www.vox.com/policy-and-politics/22295461/nursing-home-deaths-private-equity-firms

[Hoyt]

6. Used to work for a state Medicaid program. Skilled Nursing Homes sucked then too

when owners were small companies, like a person or two with staff employed at low wages. This was 40+ years ago.

I don’t doubt private-equity cuts costs, but I doubt they are any more “cheap” than the NHs we used to see. The small time owners seemed to do quite well.

The main problem is the payment Medicaid makes for nursing homes. If they get increased payment, state/fed reviews need to increase to ensure adequate care at higher payment levels.

Biden has proposed a plan that will help more people avoid nursing homes through more home care. But in today’s Congress, that will get lost in the shuffle.

Point is, private-equity is a small part of the nursing home problem.

[roamer65]

2. The Pandemic of the Unvaccinated may definitely put those 3 out of 4 out of business.

That will turn the vaccinated on those stupid fucks for sure. What are people gonna do when their elderly parents and relatives are kicked out of their care homes?

[KentuckyWoman]

3. I live in a non-profit CCRC

Our costs have shot up to help support the Nursing facility but we are doing OK. 10 years ago they started building a reserve fund and that has helped. I think the kinds of facilities like this will mostly be fine if they have been reasonable well managed. There is enough mix of people, independent and still active, those needing some assistance, and nursing and memory care residents. We've recently added a top tier rehab facility and that is bringing in traffic too.

The ones that will shut down will be the for profit big corp nursing only facilities that aren't generating the money investors want.

[Deuxcents]

4. Yes

Yes , Miss Kentucky Woman. I believe you hit the mail on the head with your last point. Ty

[CommonHumanity]

5. crcc nursing home info?

Can you please tell me what a crcc nursing home is? How do I learn more about them? Are they located in every state? This information could be very helpful to a friend so thank you in advance for any information you can provide.

[3Hotdogs]

7. CRCC is when you go in and probably don't leave alive. They are in every state.

Its actually CCRC.. Continued Care Residential Communities.

My mother was in four of them until she died. Sometimes you don't get what you pay for. Other times, you get more than you pay for.

It requires attention on the part of the family to constantly monitor what care is given.

[KentuckyWoman]

8. CCRC

Does mean continuing care.

These are senior villages that offer a wide variety of services all on one property.

Think of them as lifestyle communities where someone still active can live independently but if something happens, there is support. We have people here that have been here 20 years.

As more boomers age out, these are becoming more popular. Once all are gone and the number of seniors drops, most of this facility can easily morph to a condo or rental property for all ages.

[HAB911]

9. WHUT?! We have the best healthcare in the world