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Friday, November 8, 2024

Signature Healthcare of Monteagle Rehabilitation and Wellness: 1-star nursing home in Grundy County

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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 Monteagle Rehabilitation and Wellness was owned by LP CR Holdings, LLC, according to Centers for Medicare and Medicaid Services (CMS). The nursing home, located in Grundy County, has been owned by LP CR Holdings, LLC since Nov. 1, 2007.

Signature Healthcare of Monteagle Rehabilitation and Wellness is registered as a for-profit facility.

During that period, the nursing home had an overall rating of one from the CMS, which is lagging behind 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 Monteagle Rehabilitation and Wellness aided an average of 84.8 residents per day during the fourth quarter of 2023, with a total of 150 beds available. Currently, the nursing home is not located within a hospital.

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

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

Nursing HomeOwnerOwnership TypeOverall RatingAvg. No. of Residents per day
Signature Healthcare of Monteagle Rehabilitation and WellnessLP CR Holdings, LLCFor profit - Corporation184.8

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