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Sunday, December 22, 2024

Who owned The Springs Jonesboro in Q4 2023?

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CMS Deputy Chief Operating Officer John Czajkowski | cms.gov/about-cms/leadership/deputy-chief-operating-officer

CMS Deputy Chief Operating Officer John Czajkowski | cms.gov/about-cms/leadership/deputy-chief-operating-officer

As of the fourth quarter of 2023, The Springs Jonesboro was owned by four stakeholders, according to Centers for Medicare and Medicaid Services (CMS). The nursing home, located in Craighead County, has been owned by them since Nov. 20, 2019.

Current The Springs Jonesboro owners are listed in the table below.

The Springs Jonesboro is registered as a for-profit facility.

During that period, the nursing home had an overall rating of one from the CMS, which is lagging behind the average of 3.0 recorded for nursing homes in Arkansas. 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, The Springs Jonesboro aided an average of 102.9 residents per day during the fourth quarter of 2023, with a total of 136 beds available. Currently, the nursing home is not located within a hospital.

As of the fourth quarter of 2023, The Springs Jonesboro spent a total of $71,037 in six fines and suffered six penalties.

In total, there were four for-profit nursing homes in Craighead County, Arkansas.

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 Craighead County as of Q4 2023

Nursing HomeOwnerOwnership TypeOverall RatingAvg. No. of Residents per day
Lakeside Health and RehabilitationDavid Vann and Boyd WrightFor profit - Limited Liability company476.3
Ridgecrest Health and RehabilitationRHC Operations, Inc.For profit - Corporation1119.3
St. Elizabeth's PlaceRHC Operations, Inc.For profit - Corporation490.5
The Springs JonesboroIsaac Gutman, Chaim Herzberg, Alexander Hoffman, and Jacob TaubFor profit - Corporation1102.9

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