Nursing Home Sales Lead to More Residents, Fewer Direct Care Staff
What are your staffing levels looking like? Have they decreased? Are they affecting resident care? Could this be the result of a recent sale or merger of your organization?
Studies have found that the number of nursing homes changing, either through sales or mergers, has a direct impact on resident care staffing levels.
The article from McKnight’s Long-Term Care News can be found here Nursing home sales lead to more patients, less direct care staff.
This article falls under Strategic and Human Capital in the Enterprise Risk Management (ERM) risk domains.
Strategic
Risks associated with the focus and direction of the organization. Because the rapid pace of change can create unpredictability, risks included within the strategic domain are associated with brand, reputation, competition or failure to adapt to changing times (such as health reform or shifting customer priorities). Managed care relationships/partnerships, conflict of interest, marketing and sales, media relations, mergers, acquisitions, divestitures, joint ventures, affiliations and other business arrangements, contract administration, and advertising are other areas generally considered as potential strategic risks.
Human Capital
This domain refers to the organization’s workforce. Included are risks associated with employee selection, retention, turnover, staffing, absenteeism, on-the-job work-related injuries (workers’ compensation), work schedules and fatigue, productivity, compensation, succession planning and labor unionization activity. Human capital associated risks may cover recruitment, diversity, retention, and termination of members of the medical and allied health staff