More Profit and Less Nursing at Many Homes
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Insulated from lawsuits by their corporate structures, private investors in nursing homes have cut expenses and staff, sometimes below minimum requirements.
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About 35,000 fewer nursing home residents are kept in restraints on a daily basis - down 23 percent from two years ago - according to a federal report released Wednesday that also found fewer patients in pain.
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Insulated from lawsuits by their corporate structures, large private investors in nursing homes have cut jobs and other expenses.
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Sunrise Senior Living yesterday reported that it plans to reduce recorded profits by $98 million to $107 million for 1999 through 2005 as it corrects the way it accounted for certain joint ventures.
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The use of physical restraints on nursing home patients has dropped by nearly a quarter in two years and fewer residents report suffering from pain, according to a report released Wednesday by the Bush administration.
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A few little changes in behavior can reap big savings.
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Managers are less likely to have cancer, while shop assistants have a greater chance of suffering back pain and nurses have a higher rate of heart disease, according to a new Australian study.
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NEW YORK  - Nursing home residents with Alzheimer's disease who participate in a moderate exercise program have a significantly slower deterioration than those who receive routine medical care, researchers have shown.
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Congress said it would investigate business practices at nursing homes owned by private investment groups, after staffing at many of the homes was shown to have been cut severely.
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A decline in some prices tempered a rise in costs for medical care, gasoline and fuel oil. Housing construction fell by 6 percent.
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Record levels of debt and falling home prices may mean Americans will now spend less, save more.
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New research offers this warning to consumers shopping for top-notch hospitals: Many that are highly rated by government regulators only have marginally lower patient death rates.
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Business & money: Surge in smaller properties adds to reduction in average prices
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Giving care home staff flu jabs can cut the number of illnesses and deaths among residents.
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Electronics retailers are selling more HDTVs than ever, but are making less money on them, so they are tightening return policies, dropping entry-level models and pushing additional servers.
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Annual results show a drop in profits despite better efficiency.
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WASHINGTON -- Rates on 30-year mortgages dropped this week to the lowest point in four months, providing some relief for people hoping to refinance their existing mortgages.