While the results of this study may seem obvious, studies like this are necessary in order to change / guide public policy. Excerpts below:
Background
Private equity (PE) investment in U.S. nursing homes has increased significantly over the past two decades. The emergence of this novel ownership model has prompted concerns regarding its effects on nursing home performance, especially quality.
Highlights
- ownership is linked to reduced CNA and LPN hours, with little to no increase in RN staffing.
- Increased deficiencies, mortality, and hospital visits were observed post-acquisition.
- Clinical care processes, including medication use, remained largely unchanged after PE acquisition
- PE ownership did not consistently improve financial margins.
- PE-owned NHs billed Medicare more, largely due to financial restructuring.
But Privatization and the Free Market lead to everything being cheaper, better and more efficient and Capitalism is the glorious system that underpins freedom, justice and the Utopian wonders of the modern age. The evidence is all around us and only a subversive commie or hateful anarchist would question it. People who hate freedom.
I’ve been told this over and over my entire life, emphatically, aggressively, some might even say to a point verging on conversational violence, by rich people, politicians and “not yet rich” profit driven psychos. Also by really really dirt poor people who watch a lot of Fox News.
Many, many of the SNFs I bring patients into, are shit shows.
