Lancashire & South Cumbria NHS Foundation Trust ’s Post

Rob Day reviews Buy Out, Retention, Retention & Subsequent Buy Out or Sale & Leaseback as 4 options when it comes to GPs and property succession 🏥

To politicians and voters 1. Ignoring important demographic data within the context of amazing (and costly) medical innovation 2. Believing in free medical care; proof: governments ignoring the financial and economic realities of demand vs offer! In truth, for at the last 3 decades, governments, their politicians and Healthcare Ministry civil servants have known that the system is underfunded inefficient/ineffective, secondary to theft and waste exploited by a very profitable healthcare industry, think, pharma, technology, research, equipment, infrastructure - still, provincial budget planning has not changed relative to other provincial expenses and federal transfers have significantly decreased. Many other issues also plague the Canadian HC system, however, becoming informed consumers of healthcare services, drugs and devices would go a long way in facilitating smart choices moving forward. Headlines about physician and nurse shortages directly impede our capacity to tackle the problems. The shortages are outcomes, symptoms of a bad system- not the problem. It is time to ask more of the ‘people in charge’.

"It's the biggest scam that almost no one knows about..." This Business Insider article is mind-boggling: https://lnkd.in/g2hPC8dR These* hospitals (now closed) bought by private equity firms like: Cerberus Capital Management Leonard Green & Partners (LGP) & Apollo Global Management, Inc. in a move that stripped the hospitals of one of their prime assets, the owners #SoldTHELand that the 🏥 hospitals were built on to Medical Properties Trust, Inc. (MPT). MPT now owns $16B of hospital real estate. What did MPT do? Charge #Rent to hospitals for property that used to be theirs! Investors getting rich off of hospitals --> hospitals close due to bankruptcy --> patients that live in these communities have limited & delayed access to care. "at least 13 hospitals have closed or gone #bankrupt after their land was sold to MPT. And the damage is far from over. In January, MPT reported that its biggest tenant, a nationwide chain of 32 hospitals called Steward Health Care, could no longer pay its $400M rent per year. The announcement — which has left health officials scrambling for fallback plans to provide care to the 2.2 million people served by Steward — could foreshadow more #hospitalclosings to come." Hospitals that closed (abbreviated list): Northside Regional Medical Center in Youngstown, Ohio Ohio Valley Medical Center in Wheeling, West Virginia East Ohio Regional Hospital in Martins Ferry, Ohio St. Luke's Medical Center in Phoenix, Arizona and so many more listed here: https://lnkd.in/gGG5U6Pv

THIS WEEK is our 2nd Anniversary.. and we're #movingforward to deepen our work to empower residents, staff and communities. We will continue to be: 🌟 Focusing on the people in nursing homes. We have four projects underway being pilot tested in order for best practices to be promote nationally. These projects specifically empower residents to have control over their personal and community life, and #CNAs to grow in their career and nursing home roles. 👉 We'll be releasing a microsite later this week with "how to" guides. 🌟 Strengthening our voice for consensus of solutions. We're continuing to bring together diverse voices to identify solutions (big and small) we can all agree on. 👉 This week we'll have three consensus-backed federal policy recommendations to move forward with necessary shifts. 🌟 Seeking partners as we can't do it alone. 👉 We need help funding and scaling other promising projects to: incentivize household models, ensure surveyors have training in person-centered care, and make person-centered care planning a part of nursing home electronic health records. Can you introduce us? WANT TO LEARN MORE? 👉 We've got a great group assembled THIS Wednesday, June 26 (4-5pm ET) to learn more of what's ahead. To Join Us: https://lnkd.in/eq3eNMSe #longtermcare #olderadults #eldercare #seniorliving #policy #change #longtermcare

Linda, didn't have a long term plan. You have to have a plan. Even if you don't think you are going to need it. https://lnkd.in/eFJAWvJq Thursday, 2/8 at 7pm EST #longtermcareplanning #youhavetohaveaplan #howmoneyworks #nodramaretirement #retirementreadiness

Make some time to review and update your plan or take steps to create your plan.

As Doctors, we know too well now that hard work alone won't cut it when it comes to early retirement and financial freedom. Many medics work tirelessly, yet early retirement remains out of reach for too many. Without a well-crafted financial strategy, this dream often stays just that - a dream. In this video, I shared some lessons from a doctor who has done it. Discover how to turn your early retirement dreams into reality in this eye-opening video." 🎯💰 Watch now https://lnkd.in/eeD_tzNM

Are you aware of the actual costs of long-term care? Read on for the truth of these numbers in Florida and how you can prepare.

Hospitals in the United States faced challenges during the COVID-19 pandemic, and those challenges have left them floundering in the face of increased costs and workforce shortages. According to the most recent Costs of Caring report from the American Hospital Association, this combination of factors has resulted in a 17.5% increase in overall hospital expenses between 2019 and 2022. Ohio is among the top 10...hit the link to see where we fall.