Despite some high-profile allegations against senior executives for some type of financial wrong-doing, we are still thankful for all the good work done by the nation’s caregivers.
What is it about caring for the elderly and financial fraud or other misdeeds? About once a week I read about a home health agency being charged with Medicare fraud. And then there is Medicaid fraud we hear about all too often with nursing facility owners, doctors and other providers. In our senior care industry, the founder of Sunwest Management, Jon Harder, was sentenced last week to 15 years in federal prison. Also last week, the SEC charged Chris Brogdon, the CEO of Global Healthcare REIT, with misappropriating a portion of $190 million he raised from investors over many years and allegedly using investor cash for his own expenses. And let’s not forget the SEC charges against Laurie Bebo, the former CEO of Assisted Living Concepts. Fortunately, they represent just a small minority of the people in the senior care business. So on this Thanksgiving Eve, what do I have to be grateful for? All the caregivers who are doing their job taking care of our mothers and fathers. And I would like to give a special shout out to Barbara Jefferies at the New Canaan Inn, who really knows what it means to take care of our elderly, day in and day out, with a capital C on Care. Thank you.
