Reorganizing the nursing home industry: a proposal.
This paper proposes a reorganization of the nursing home industry with capital facilities owned by government, but with management conducted through a system of competitive contracts with the private sector. The paper explicity demonstrates in real estate finance terms how the present system of private ownership of capital facilities inherently impedes providing a high quality of care. The authors believe that in the proposed industry reorganization, market forces, instead of working against quality care, would be supportive of quality care in a framework that would involve generally less regulation than exists today.
D000066:Accounting; D003365:Costs and Cost Analysis; D005380:Financing, Government; D007182:Income; D009735:Nursing Homes / Q000592:standards; D009934:Organization and Administration; D010067:Ownership; D012926:Social Control, Formal; D014481:United States