A recent article titled “Nursing Homes Can’t Be Trusted” published on McKnight’s Long-Term Care News raises concerns about the lack of transparency in financial reporting by nursing homes.
It criticizes the opaque corporate structures and hidden profits that make it difficult to assess the true financial health of these facilities.
Quoted bedsore attorney, ErnestTosh, advocates for requiring consolidated, audited financial reporting for all nursing homes to shed light on their operations and ensure accountability.
He compares this practice to “hiding an empty pocket” from regulators and consumers while claiming financial hardship to justify understaffing and neglectful care.
The article emphasizes the importance of transparency in nursing home finances for ensuring resident safety and quality of care.