April 9, 2024
In this Issue:
- Webinar Tomorrow on Hidden Profits in the Nursing Home Industry
- A Kids Book About Long-Term Care
- Resource Highlight: Don't Sign - Say No to Arbitration
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Webinar Tomorrow on Hidden Profits in the Nursing Home Industry
Join us tomorrow, Wednesday, April 10th at 2:00pm ET for a webinar on Hidden Profits in the Nursing Home Industry. On March 4, 2024, a new paper, “Tunneling and Hidden Profits in Health Care” was published by Dr. Ashvin Gandhi and Dr. Andrew Olenski. Their paper looked specifically at related party transactions in nursing homes and “tunneling.” Tunneling is the process by which nursing home providers “covertly extract profit by making inflated payments for goods and service to commonly owned related parties.” This paper, a first of its kind, found that in 2019, 63% of nursing home profits were “hidden” in related party transactions. In other words, the reported profits by the industry are roughly 1/3 of what they truly are.
Please join us tomorrow at 2pm ET for a conversation with the authors of this groundbreaking study. We will discuss their methodology, findings, and what steps they recommend be taken to address the lack of transparency and accountability that allows nursing homes to continuously claim poverty as to why they are unable to provide high-quality care.
Register Now
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A Kids Book About Long-Term Care
Author Jenny Abeling and cartoonist Mary Matthews have created, A Kids Book About Long-Term Care, available now. Jenny Abeling, a passionate advocate for long-term care, draws inspiration from her professional experiences during the COVID-19 pandemic. The book seeks to be a bridge to foster understanding and empathy, and kick starting conversations from a young age. The author partnered with organizations including Consumer Voice, Caring Across Generations, SEIU, Bridge Meadows and Teepa Snow’s Positive Approaches to Care for the book.
Watch the trailer to learn more about the book, and purchase the book now on Amazon.
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Resource Highlight: Don't Sign - Say No to Arbitration No one enters a nursing home imagining that he or she will be mistreated or neglected there. And everyone wants to get off to a good start with the nursing home staff. Unfortunately, even in the best homes, things can go wrong and, if they do, residents need to protect their right to seek a remedy in court. Even in a good home where staff seem kind and caring, don’t sign away your right to a fair trial if you ever need one!
Get the fact sheet.
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