Private Investment Purchase and Nursing Home Financial Health

被引：13

作者：

Cadigan, Rebecca Orfaly ^{[2
]}

Stevenson, David G. ^{[3
]}

Caudry, Daryl J. ^{[1
]}

Grabowski, David C. ^{[1
]}

机构：

[1] Harvard Univ, Sch Med, Dept Hlth Care Policy, Boston, MA 02115 USA

[2] Harvard Univ, Hlth Policy Interfac Initiat, Cambridge, MA 02138 USA

[3] Vanderbilt Univ, Dept Hlth Policy, Nashville, TN 37235 USA

来源：

HEALTH SERVICES RESEARCH | 2015年 / 50卷 / 01期

关键词：

Private investment; nursing homes; financial health; costs; OWNERSHIP;

D O I：

10.1111/1475-6773.12212

中图分类号：

R19 [保健组织与事业（卫生事业管理）];

学科分类号：

摘要：

ObjectiveTo explore the impact of nursing home acquisition by private investment firms on nursing home costs, revenue, and overall financial health. Data SourcesMerged data from the Medicare Cost Reports and the Online Survey, Certification, and Reporting system for the period 1998-2010. Study DesignRegression specification incorporating facility and time fixed effects. Principal FindingsWe found little impact on the financial health of nursing homes following purchase by private investment companies. However, our findings did suggest that private investment firms acquired nursing home chains in good financial health, possibly to derive profit from the company's real estate holdings. ConclusionsPrivate investment acquired facilities are an important feature of today's nursing home sector. Although we did not observe a negative impact on the financial health of nursing homes, this development raises important issues about ownership oversight and transparency for the entire nursing home sector.

引用

页码：180 / 196

页数：17

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