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Sunday, May 19, 2024

Who owned The Springs of Hillcrest 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 of Hillcrest was owned by four stakeholders, according to Centers for Medicare and Medicaid Services (CMS).

Current The Springs of Hillcrest owners are listed in the table below.

The Springs of Hillcrest is registered as a for-profit facility.

During that period, the nursing home had an overall rating of two 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 of Hillcrest aided an average of 76.6 residents per day during the fourth quarter of 2023, with a total of 90 beds available. Currently, the nursing home is not located within a hospital.

As of the fourth quarter of 2023, The Springs of Hillcrest spent a total of $24,311 in two fines and suffered three penalties.

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

Nursing HomeOwnerOwnership TypeOverall RatingAvg. No. of Residents per day
Southern Pines Health and Rehabilitation of PrescottBig Rock Skilled Nursing Facility Opco Holdings LPFor profit - Limited Liability company444.2
The Springs of HillcrestIsaac Gutman, Chaim Herzberg, Alexander Hoffman, and Jacob TaubFor profit - Limited Liability company276.6

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