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Tuesday, December 3, 2024

Who owned Wood Presbyterian Home in Q4 2023?

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CMS Administrator Chiquita Brooks-LaSure | Wikipedia

CMS Administrator Chiquita Brooks-LaSure | Wikipedia

As of the fourth quarter of 2023, Wood Presbyterian Home was owned by Ocoee Foundation, Inc., according to Centers for Medicare and Medicaid Services (CMS). The nursing home, located in Monroe County, has been owned by Ocoee Foundation, Inc. since Dec. 15, 2022.

Wood Presbyterian Home is registered as a non-profit facility.

During that period, the nursing home boasted an overall rating of five 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, Wood Presbyterian Home aided an average of 64.3 residents per day during the fourth quarter of 2023, with a total of 89 beds available. Currently, the nursing home is not located within a hospital.

As of the fourth quarter of 2023, Wood Presbyterian Home achieved a zero-incident record for fines and penalties.

In total, there were two non-profit nursing homes in Monroe 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 Monroe County as of Q4 2023

Nursing HomeOwnerOwnership TypeOverall RatingAvg. No. of Residents per day
Waters of Sweetwater a Rehabilitation and NursingMichael Blisko and Gubin Enterprises Limited PartnershipFor profit - Limited Liability company172.6
Wood Presbyterian HomeOcoee Foundation, Inc.Non profit - Corporation564.3

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