long term care
Genesis HealthCare fights for takeover approval
Long-term care provider Genesis HealthCare is fighting to gain shareholder approval for a proposed buyout by investors, hoping to win shareholders back after an adverse recommendation by an advisory firm put the deal in doubt. Genesis, which operates more than 200 skilled nursing centers and assisted living residences in addition to providing contract rehab services to 600 providers, has been offered $63 per share by private equity firms Formation Capital and JER Partners. However, the …
... Read more...CA hospital fined $100K for patient's death
A San Francisco long-term care hospital has been fined $100,000 for the death of an elderly woman suffering from dementia, having been cited for serious lapses in care. State officials said Laguna Honda Hospital "failed to review, evaluate, update and implement the care plan" for 82-year-old Hui Su, who died from blunt force injuries. Police reports seem to suggest that Su fell from a third-story window, though hospital officials dispute this account. A hospital staffer was supposed to …
... Read more...Surgeon under scrutiny after organ donor death
A Kaiser transplant surgeon is under investigation due to allegations that he purposely hastened a patient's death in order to harvest his organs for transplants. San Luis Obispo police and the Medical Board of California are examining whether Dr. Hootan Roozrokh gave high doses of a strong painkiller to Ruben Navarro, the patient. Another surgeon--Dr. Arturo Martinez--is also under investigation.
Navarro was in a long-term care facility when he was found unresponsive and taken to …
... Read more...One-third of elderly use LTC policies in-home
About one third of elderly Americans used their benefits from long-term care insurance to cover care delivered at home last year, according new research by trade group the American Association for Long-Term Care Insurance. Nursing home care topped the list, accounting for 36 percent of the $3.3 billion total, but assisted living costs accounted for 30 percent of the total, with other in-home care options proving popular as well.
According to the association, about 8 million …
... Read more...SPOTLIGHT: In-home elder care provided free would cost $306B
In-home elder care provided free would cost $306B
If you calculated the economic value of the nearly 80 percent of long-term care which is provided at home (largely by family members for no cost), the price tag would fall at about $306 billion. That's despite the fact that Medicaid, too, is spending big bucks for in-home care, with its budget tripling to $22.7 billion between 1996 and 2005. Since none of that is allowed to be spent for skilled nursing care, relatives often end up doing the nursing care themselves. Article
Press Release: HSAs Receive a Major Opportunity From Congress
Press Release: HSAs Receive a Major Opportunity From Congress
... Read more...CT groups launch LTC quality improvement project
A group of Connecticut healthcare stakeholders, including healthcare quality advocates, long-term care trade groups and the state's department of public health, have launched an initiative intended to speed up the rate of quality improvement in the state's nursing homes. The effort is part of the "Advancing Excellence in America's Nursing Homes" campaign, a national program which launched last month. The quality improvement campaign targets eight clinical improvement goals, including …
... Read more...Healthcare M&A deal value up
According to a recently released study, healthcare M&A deals seem to be growing in size, even if they fell in volume last quarter. In the third quarter of 2006, there were 237 mergers and acquisitions in the healthcare sector, representing a 13 percent drop from the previous quarter, according to research by Irving Levin Associates. But the value of deals totaled $74.2 billion this quarter, almost twice as much as the $50.3 billion spend in the third quarter of 2005. The massive …
... Read more...Critics questions Thompson's Medicaid plan
Former HHS secretary Tommy Thompson released a white paper last week addressing chronic problems with Medicaid. He proposed that the federal government take responsibility for long-term care for the elderly and leave care of those under 65 to the states. Now critics are saying that Thompson's proposed changes would benefit four companies with which he is associated (HMO Centene, Deloitte …
... Read more...Former HHS sec'y Thompson tackles Medicaid
Former Bush HHS secretary Tommy Thompson, now a consultant, plans to release a white paper tomorrow addressing chronic problems with Medicaid. Specifically, he plans to recommend that the federal government take over long-term care for the elderly--a service that leads many otherwise law-abiding citizens to try to game Medicaid by monkeying with their assets to appear poor--and leave the states to handle acute care for the under-65 group, especially children. He'll also advocate making …
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