Healthcare DIVE November 15, 2023
The final rule comes in response to growing concerns about the role of private equity firm ownership in nursing homes.
Dive Brief:
- Nursing homes that accept Medicare or Medicaid will be required to disclose their owners to the public and federal agencies, in a bid by the Biden administration to increase transparency in the industry, according to a final rule published on Wednesday.
- The new regulation, first proposed in February, is in response to growing concerns about the role of private equity firms in the industry, according to the final rule. PE firms have been purchasing long-term care facilities at an increased rate since 2016, often to the detriment of patient care, according to the agency.
- Research suggests resident...
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