Health Policy Interfaculty Initiative, Harvard University, Cambridge, MA.
Health Serv Res. 2015 Feb;50(1):180-96. doi: 10.1111/1475-6773.12212. Epub 2014 Aug 7.
To explore the impact of nursing home acquisition by private investment firms on nursing home costs, revenue, and overall financial health.
Merged data from the Medicare Cost Reports and the Online Survey, Certification, and Reporting system for the period 1998-2010.
Regression specification incorporating facility and time fixed effects.
We 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.
Private 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.
探讨私人投资公司收购养老院对养老院成本、收入和整体财务健康的影响。
1998-2010 年期间来自医疗保险费用报告和在线调查、认证和报告系统的合并数据。
采用设施和时间固定效应的回归规范。
我们发现私人投资公司收购养老院后,对养老院的财务健康状况几乎没有影响。然而,我们的研究结果确实表明,私人投资公司收购的是财务状况良好的养老院连锁企业,可能是想从公司的房地产持有中获利。
私人投资收购养老院是当今养老院行业的一个重要特征。尽管我们没有观察到养老院财务健康状况的负面影响,但这一发展引发了整个养老院行业所有权监管和透明度方面的重要问题。