On May 21, 2019, the Long Term Care Community Coalition (LTCCC) hosted a webinar on nursing home profits and losses. Dara Valanejad, a Policy Attorney with both the Center for Medicare Advocacy and LTCCC, participated in the webinar. Mr. Valanejad presented findings from the Medicare Payment Advisory Commission’s March 2019 report to Congress, discussed how poor quality of care may be driving down nursing home occupancy rates, and identified a medical loss ratio as one solution for ensuring that nursing home operators direct taxpayer dollars to resident care rather than profit or administration. Richard Mollot, Executive Director of LTCCC, gave an insightful overview of how nursing homes are paid and consumer concerns, including those regarding ownership and hidden profits.
- To watch a recording of the webinar, please visit: https://www.youtube.com/watch?v=0CxhGRtcMHA.
- To access the PowerPoint slides, please visit: https://nursinghome411.org/ltccc-webinar-perspectives-on-nursing-home-profits-losses/.