How Nursing Homes Can Hide Profits While Claiming Losses and How This Impacts Resident

The New Jersey LTCO hosts a webinar with Ernest Tosh, an attorney and analyst who specializes in the relationship between nursing home finances and resident care. Using easy-to-understand graphics and explanations, Ernie will walk us through how nursing homes are able to report financial losses to regulators while actually funneling substantial funds to parent companies and other related parties. He will also explain how private equity is involved in some nursing homes’ operations and how all of these financial dynamics impact staffing and resident care. Finally, he will summarize existing financial reporting requirements and propose changes to achieve real, needed fiscal transparency for this industry. When nursing home providers demand more public funding to solve staffing shortages and other issues, the public needs to know how and where funds are currently being spent.