Finally…Nursing Home Financials to be Revealed
The Health Care Reform Act provides some much needed relief for victims of nursing home neglect and abuse.
In recent years, many nursing home chain operators have avoided responsibility for injuries and death caused by their neglect. They have done so by setting up multiple dummy corporations and other legal entities to siphon cash away from the holder of the nursing home license and make sure it has no assets a judgment creditor could collect. The licensee is typically an assetless entity, with no employees and no liability insurance… and the real estate and earnings are owned by other entities controlled by the same folks who control the licensed home.
After Congress got wind of this practice, the Nursing Home Transparency Act was passed as part of the Health Care Reform Act. Once the act’s provisions take effect, nursing homes will have to disclose everyone who has their hands in the till or owns or controls the home or related entities.
To read the bill click here: Nursing Home Transparency Act
The lawyers of HensonFuerst are dedicated to fighting nursing home abuse and neglect. We are happy that nursing home residents and their families may soon be assured that they will have access to all financial information of the facility… not just the “poor us, we’re broke” information that disreputable facilities have been able to get away with.
If you suspect that someone you love has been the victim of nursing home abuse and want to learn about your legal options, please call the compassionate lawyers of HensonFuerst. We’re here to help.