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Thursday, November 21, 2024

Signature Healthcare of South Pittsburg Rehabilitation and We, a for-profit facility, had a rating of 3 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 South Pittsburg Rehabilitation and We was owned by LP CR Holdings, LLC, according to Centers for Medicare and Medicaid Services (CMS). The nursing home, located in Marion County, has been owned by LP CR Holdings, LLC since Nov. 1, 2007.

Signature Healthcare of South Pittsburg Rehabilitation and We is registered as a for-profit facility.

During that period, the nursing home had an overall rating of three 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 South Pittsburg Rehabilitation and We aided an average of 83.3 residents per day during the fourth quarter of 2023, with a total of 165 beds available. Currently, the nursing home is not located within a hospital.

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

In total, there was one for-profit nursing home in Marion 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 Marion County as of Q4 2023

Nursing HomeOwnerOwnership TypeOverall RatingAvg. No. of Residents per day
Signature Healthcare of South Pittsburg Rehabilitation and WeLP CR Holdings, LLCFor profit - Limited Liability company383.3

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