Nursing home compare washington state11/11/2023 Research also suggests that, despite depriving residents of quality care, private equity-owned nursing homes actually led to an uptick in Medicare costs, too. Another study found that private equity-backed nursing homes’ COVID-19 infection rate and death rate were 30% and 40% above statewide averages, respectively.That suggests an additional 20,150 lives lost as a result of private equity ownership. One working paper examining 18,000 nursing home facilities over a seventeen-year period found that private equity ownership increased excess mortality for residents by 10%, increased prescription of antipsychotic drugs for residents by 50%, decreased hours of frontline nursing staffing by 3%, and increased taxpayer spending per resident by 11%.A recent study found that residents in nursing homes acquired by private equity were 11.1% more likely to have a preventable emergency department visit and 8.7% more likely to experience a preventable hospitalization, when compared to residents of for-profit nursing homes not associated with private equity.Recent research has found that resident outcomes are significantly worse at private equity-owned nursing homes: Too often, the private equity model has put profits before people-a particularly dangerous model when it comes to the health and safety of vulnerable seniors and people with disabilities. ![]() Private equity firms’ investment in nursing homes has ballooned from $5 billion in 2000 to more than $100 billion in 2018, with about 5% of all nursing homes now owned by private equity firms. Private equity firms have been buying up struggling nursing homes, and research shows that private equity-owned nursing homes tend to have significantly worse outcomes for residents. Without decisive action now, these unacceptable conditions may get worse. The Government Accountability Office found that, from 2013 to 2017, 82% of all inspected nursing homes had an infection prevention and control deficiency, including a lack of regular handwashing, that was identified through Medicare and Medicaid surveys. In fact, failure to comply with Federal guidelines at nursing homes is widespread. In the past two years, more than 200,000 residents and staff in nursing homes have died from COVID-19-nearly a quarter of all COVID-19 deaths in the United States.ĭespite the tens of billions of federal taxpayer dollars flowing to nursing homes each year, too many continue to provide poor, sub-standard care that leads to avoidable resident harm. More than 1.4 million people live in over 15,500 Medicare- and Medicaid-certified nursing homes across the nation. The pandemic has highlighted the tragic impact of substandard conditions at nursing homes, which are home to many of our most at-risk community members.
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