Nursing homes bury 63 percent of profits in related-party tunnels, but not all play the game: study
03/11/24 at 03:00 AM
Nursing homes bury 63 percent of profits in related-party tunnels, but not all play the game: study
McKnights Long-Term Care News, by Josh Henreckson; 3/8/24
As much as 63% of nursing home profits in Illinois were hidden from state regulators using related party transactions in 2019, according to the results of a new study from UCLA and Lehigh University researchers. Those results are likely indicative of a nationwide trend that has continued through the pandemic and into 2024, experts told McKnight’s Long-Term Care News Thursday.