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Sunday, November 24, 2024

Hopkins County Nursing Homes: Who’s behind Tradewater Pointe?

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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, Tradewater Pointe was owned by five stakeholders, according to Centers for Medicare and Medicaid Services (CMS).

Current Tradewater Pointe owners are listed in the table below.

Tradewater Pointe 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 2.7 recorded for nursing homes in Kentucky. 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, Tradewater Pointe aided an average of 46.5 residents per day during the fourth quarter of 2023, with a total of 60 beds available. Currently, the nursing home is not located within a hospital.

As of the fourth quarter of 2023, Tradewater Pointe achieved a zero-incident record for fines and penalties.

In total, there were six for-profit nursing homes in Hopkins County, Kentucky.

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 Hopkins County as of Q4 2023

Nursing HomeOwnerOwnership TypeOverall RatingAvg. No. of Residents per day
Brighton Cornerstone Group, LLCJay Frances and Kimberly SmithFor profit - Partnership333.8
Dawson Springs Health and Rehabilitation CenterBrenda Lowry IRRV Trustee FBO James Lowry, David Lowry IRRV Trustee FBO Matthew Lowry, James Lowry Family IRRV Trustee, Brenda Lowry, and David LowryFor profit - Corporation253.8
Hillside CenterHBR Kentucky, LLCFor profit - Corporation157.6
Joseph Eddie Ballard Western Kentucky Veterans CenterCommonwealth of KentuckyGovernment - State555.6
Madisonville Health and Rehabilitation, LLCKY M53 Specialist Opco Holdco, LLCFor profit - Partnership383
Ridgewood Terrace Nursing HomeBrenda Lowry IRRV Trustee FBO James Lowry, David Lowry IRRV Trustee FBO Matthew Lowry, James Lowry Family IRRV Trustee, Brenda Lowry, and David LowryFor profit - Individual199.8
Tradewater PointeBrenda Lowry IRRV Trustee FBO James Lowry, David Lowry IRRV Trustee FBO Matthew Lowry, James Lowry Family IRRV Trustee, Brenda Lowry, and David LowryFor profit - Corporation146.5

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