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Resource ID: #20627
Source:Wall Street Journal (New York)
Integrated Health Services Inc is a huge player in the nursing home industry. It pioneered the practice of "subacte care" in which patients such as recovering stroke victims are able to receive the same care in a nursing home as they would in a hospital. Providing this service makes the nursing homes eligible for more Medicare funding. IHS used the money they received inappropriately; some of it went towards an art collection. After the government cut funding for Medicare, IHS suffered tremendously.
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