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Friday, November 22, 2024

Who owned Timberlane Health and Rehabilitation 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, Timberlane Health and Rehabilitation was owned by RHC Operations, Inc., according to Centers for Medicare and Medicaid Services (CMS). The nursing home, located in Union County, has been owned by RHC Operations, Inc. since Jan. 1, 2008.

Timberlane Health and Rehabilitation is registered as a for-profit facility.

During that period, the nursing home boasted an overall rating of five from the CMS, which is higher than 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, Timberlane Health and Rehabilitation aided an average of 84.4 residents per day during the fourth quarter of 2023, with a total of 106 beds available. Currently, the nursing home is not located within a hospital.

As of the fourth quarter of 2023, Timberlane Health and Rehabilitation achieved a zero-incident record for fines and penalties.

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

Nursing HomeOwnerOwnership TypeOverall RatingAvg. No. of Residents per day
Courtyard Rehabilitation and Health Center, LLC4P2T1 OPS Holding LPFor profit - Corporation574.1
Hudson Memorial Nursing HomeUnion CountyFor profit - Corporation260.3
Oak Ridge Health and RehabilitationRHC Operations, Inc.For profit - Corporation475.6
The Springs of El DoradoIsaac Gutman, Chaim Herzberg, Alexander Hoffman, Kaparah Ventures, LLC, Aharon Shkop, and Jacob TaubFor profit - Limited Liability company369.6
Timberlane Health and RehabilitationRHC Operations, Inc.For profit - Limited Liability company584.4

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