Webinar - Hidden Profits in the Nursing Home Industry

April 10, 2024 - April 10, 2024        

Consumer Voice has long been a proponent of increased transparency and accountability in nursing home finances. Data and research show that roughly 75% of nursing homes use related party transactions. These common transactions permit some nursing home owners to hide how profitable their facilities really are. 

On March 4, 2024, a new paper, “Tunneling and Hidden Profits in Health Care” was published by Dr. Ashvin Gandhi and Dr. Andrew Olenski. Their paper looked specifically at related party transactions in nursing homes and “tunneling.” Tunneling is the process by which nursing home providers “covertly extract profit by making inflated payments for goods and service to commonly owned related parties.” This paper, a first of its kind, found that in 2019, 63% of nursing home profits were “hidden” in related party transactions. In other words, the reported profits by the industry are roughly 1/3 of what they truly are.

On April 10, please join Consumer Voice when we welcome the authors of this groundbreaking study to our webinar “Hidden Profits in the Nursing Home Industry.” We will discuss with the study authors their methodology, findings, and what steps they recommend be taken to address the lack of transparency and accountability that allows nursing homes to continuously claim poverty as to why they are unable to provide high-quality care.

Join the webinar April 10, 2024 at 2 pm ET to hear Dr. Gandhi and Dr. Olenski discuss their paper, needed reforms, and answer your questions.

Register