Nursing Home Chain Owners Siphon Funds At 9 Times The Normal Percentage At The Expense Of Patient Care
Following a nursing home case investigation, it was discovered in findings of fact that nursing home owners of a nursing home chain were siphoning funds through companies they managed to offer auxillary services to the nursing home. These services included pharmacy prescriptions, therapy and other services provided outside direct nursing care. The owners took in a 28% profit, 9 times the typical profit of a nursing home.
Unfortunately for the patients, the profits of the owners were placed in priority over patient care. Nurses spoke of understaffing and lack of supplies to treat patients on a day to day basis. The case is not isolated to the one chain. It is a repeat offense by nursing home chain owners. For more, read the story.
Posted on Thu, January 24, 2019
by Robert Carter filed under