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Thursday, November 21, 2024

Who owned Signature Healthcare at 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, Signature Healthcare at Hillcrest was owned by SHC KY Holdings, LLC, according to Centers for Medicare and Medicaid Services (CMS). The nursing home, located in Daviess County, has been owned by SHC KY Holdings, LLC since April 1, 2014.

Signature Healthcare at Hillcrest is registered as a for-profit facility.

During that period, the nursing home boasted an overall rating of four from the CMS, which is higher than 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, Signature Healthcare at Hillcrest aided an average of 117.7 residents per day during the fourth quarter of 2023, with a total of 156 beds available. Currently, the nursing home is not located within a hospital.

As of the fourth quarter of 2023, Signature Healthcare at Hillcrest spent a total of $7,995 in two fines and suffered two penalties.

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

Nursing HomeOwnerOwnership TypeOverall RatingAvg. No. of Residents per day
Chautauqua Health and RehabilitationClearview KY Skilled Nursing Facility Holdco, LLCFor profit - Partnership1104.6
Signature Healthcare at HillcrestSHC KY Holdings, LLCFor profit - Corporation4117.7
Twin Rivers Nursing and Rehabilitation CenterBenjamin Landa, Alexander Platschek, Goldie Platschek, and David RubinsteinFor profit - Corporation190.6
Wellington Parc of OwensboroJack T. Wells Estate, Diane Watson, and Jean WellsFor profit - Corporation437.2

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