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Tuesday, December 3, 2024

Signature Healthcare of Cleveland, a for-profit facility, had a rating of 4 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, Signature Healthcare of Cleveland was owned by LP CR Holdings, LLC, according to Centers for Medicare and Medicaid Services (CMS). The nursing home, located in Bradley County, has been owned by LP CR Holdings, LLC since Oct. 1, 2016.

Signature Healthcare of Cleveland 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 2.6 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, Signature Healthcare of Cleveland aided an average of 89 residents per day during the fourth quarter of 2023, with a total of 100 beds available. Currently, the nursing home is not located within a hospital.

As of the fourth quarter of 2023, Signature Healthcare of Cleveland achieved a zero-incident record for fines and penalties.

In total, there were three for-profit nursing homes in Bradley 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 Bradley County as of Q4 2023

Nursing HomeOwnerOwnership TypeOverall RatingAvg. No. of Residents per day
Life Care Center of ClevelandForrest PrestonFor profit - Corporation391.8
Signature Healthcare of ClevelandLP CR Holdings, LLCFor profit - Limited Liability company489

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