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Saturday, May 18, 2024

Who owned Mccormick's Creek Rehabilitation and Healthcare in Q4 2023?

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CMS Principal Deputy Administrator and Chief Operating Officer Jonathan (Jon) Blum | thepcc.org

CMS Principal Deputy Administrator and Chief Operating Officer Jonathan (Jon) Blum | thepcc.org

As of the fourth quarter of 2023, Mccormick's Creek Rehabilitation and Healthcare was owned by Major Hospital, according to Centers for Medicare and Medicaid Services (CMS). The nursing home, located in Owen County, has been owned by Major Hospital since July 1, 2014.

Mccormick's Creek Rehabilitation and Healthcare is registered as a for-profit facility.

During that period, the nursing home boasted an overall rating of four from the CMS, which is higher than the average of 2.9 recorded for nursing homes in Indiana. CMS ratings evaluate nursing homes based on critical aspects such as health inspection outcomes, staffing levels, and the quality of care provided to residents.

According to the data, Mccormick's Creek Rehabilitation and Healthcare aided an average of 74 residents per day during the fourth quarter of 2023, with a total of 87 beds available. Currently, the nursing home is not located within a hospital.

As of the fourth quarter of 2023, Mccormick's Creek Rehabilitation and Healthcare spent a total of $2,938 in three fines and suffered three penalties.

In total, there were two for-profit nursing homes in Owen County, Indiana.

According to US Census data, in 2020, nearly 1 in 6 Americans were aged 65 years or older. Since 1920, the older population skyrocketed from 4.9 million to 55.8 million, reflecting a growth rate of roughly 1,000%, five times higher than the average growth for the overall U.S. population.

A 2021 study suggests that nearly half of this age group, roughly 28 million individuals, may require long-term services and support. Additionally, the study projects that over a third of them may eventually need nursing home care.

“Living a long life is something that many of us want and could get,” said Jesse Slome, executive director of the American Association for Long-Term Care Insurance, an insurance education group. “But when we live a long life, the chances of us needing long-term care increase exponentially. But when you need that type of care, there are limited options.”

Nursing Homes in Owen County as of Q4 2023

Nursing HomeOwnerOwnership TypeOverall RatingAvg. No. of Residents per day
Mccormick's Creek Rehabilitation and HealthcareMajor HospitalFor profit - Individual474
Owen Valley Rehabilitation and Healthcare CenterPutnam County HospitalFor profit - Corporation373.9

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