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Wednesday, December 4, 2024

Who owned Etowah Health Care Center in Q4 2023?

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CMS Chief of Stuff Erin Richardson | cms.gov/about-cms/leadership/chief-operating-officer

CMS Chief of Stuff Erin Richardson | cms.gov/about-cms/leadership/chief-operating-officer

As of the fourth quarter of 2023, Etowah Health Care Center was owned by four stakeholders, according to Centers for Medicare and Medicaid Services (CMS).

Current Etowah Health Care Center owners are listed in the table below.

Etowah Health Care Center 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 2.6 recorded for nursing homes in Tennessee. 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, Etowah Health Care Center aided an average of 68.2 residents per day during the fourth quarter of 2023, with a total of 120 beds available. Currently, the nursing home is not located within a hospital.

As of the fourth quarter of 2023, Etowah Health Care Center spent a total of $9,318 in one fine and suffered one penalty.

In total, there were four for-profit nursing homes in Mc Minn County, Tennessee.

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 Mc Minn County as of Q4 2023

Nursing HomeOwnerOwnership TypeOverall RatingAvg. No. of Residents per day
Etowah Health Care CenterSuzanna Baker, Robert Buchanan, John M. Faust Living Trust, and Leslie WallstedtFor profit - Individual168.2
Life Care Center of AthensForrest PrestonFor profit - Corporation491.2
NHC Healthcare, AthensNhc-Op LPFor profit - Limited Liability company368
Starr Regional Health and RehabilitationLifepoint Holdings 2, LLCFor profit - Corporation465.5

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