Stakeholders In Nursing Home

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When it comes to operating nursing home facilities, there are many stakeholders involved depending on whether the institution is for-profit, non-profit or government owned. Majority of nursing homes are for-profit organization and they account for almost 70 percent of nursing homes, while non-profit nursing homes account for less than 30 percent and less 6 percent are government owned (Nursing home data Compendium, 2015). Nearly 95.5 percent of nursing homes across the state are dually certified, meaning they have both Medicare and Medicaid certifications (Center for Medicare and Medicaid, 2015). Nursing home funding comes from four different sectors. Nearly fifty percent of their revenue come from Medicaid, followed by Medicare which counts for twenty percent, and the rest of payments come from a mixture of private-long-term care insurance and out of pocket (Yoder, 2012). …show more content…

All nursing home facilities have their own regulations that governs and controls the facility residents, providers, policies and procedures. In addition to their own regulations, nursing homes are regulated jointly by state (department of health for each state) and the federal government (U.S Department of Health and Human Services, Centers for Medicare and Medicaid Services CMS) (Rosenfeld, 2009). In order to ensure that nursing home facilities comply with regulations and policies, state and federal government send agencies to conduct surveys which are inspections that are done once or twice annually depending on the facility performance and the inspections are done

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