Mismanagement of Nursing Home Trust Funds on the Rise Reports The Bell Law Firm
An exposé on nursing home thefts by the USA Today found more than 1,500 cases in which nursing homes were cited for mishandling funds.
An exposé on nursing home thefts by the USA Today found more than 1,500 cases in which nursing homes were cited by state and federal regulators for mishandling funds. In these cases administrators and employees tapped thousands of dollars from trust accounts. Other cases involved facilities that failed to pay interests on funds and did not carry adequate insurance to protect the money form loss or theft.
Among more than 100 prosecutions against employees, more than 30% involved the theft of thousands of dollars and at least 10 thefts exceeded $100,000. One individual was accused of taking more than $161,000 from the patient trust fund.
Unfortunately trust fund cases can be difficult to detect due to lax oversight that allows thieves to go unnoticed for months and even years. State and federal inspections primarily focus on resident health and safety with little time devoted to their financial security. About 90% of ombudsmen surveyed by the USA Today said that tighter regulations and better enforcement of existing rules are needed.
If you believe that your family member or friend’s nursing home trust fund is being mismanaged or their funds are being stolen, consider contacting an experience nursing home abuse attorney to discuss your legal options.
For more information on nursing home negligence and abuse, visit www.belllaw.com.
About The Bell Law Firm
The Bell Law Firm is committed to helping all those who have been injured by the actions or negligence of another person or entity. The personal injury law firm based in Charleston, West Virginia handles all types of personal injury claims including auto accidents, medical malpractice, product defects, defective drugs, work injuries, mesothelioma, and nursing home negligence.
The Bell Law Firm
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