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Thursday, November 21, 2024

Who owned Hearthstone Nursing and Rehabilitation 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, Hearthstone Nursing and Rehabilitation was owned by Stratford Hospital District, according to Centers for Medicare and Medicaid Services (CMS). The nursing home, located in Williamson County, has been owned by Stratford Hospital District since June 1, 2020.

Hearthstone Nursing and Rehabilitation 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 2.5 recorded for nursing homes in Texas. 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, Hearthstone Nursing and Rehabilitation aided an average of 63.5 residents per day during the fourth quarter of 2023, with a total of 120 beds available. Currently, the nursing home is not located within a hospital.

As of the fourth quarter of 2023, Hearthstone Nursing and Rehabilitation spent a total of $196,995 in three fines and suffered three penalties.

In total, there were 11 for-profit nursing homes in Williamson County, Texas.

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 Williamson County as of Q4 2023

Nursing HomeOwnerOwnership TypeOverall RatingAvg. No. of Residents per day
Bel Air at TeravistaHamilton County Hospital DistrictFor profit - Corporation386.5
Cedar Pointe Health and Wellness CenterKeystone Care, LLCFor profit - Limited Liability company397.2
Falcon Ridge RehabilitationSouth Limestone Hospital DistrictFor profit - Limited Liability company176.5
Hearthstone Nursing and RehabilitationStratford Hospital DistrictFor profit - Corporation363.5
Ignite Medical Resort Round Rock, LLCIgnite Medical Resort Round Rock, LLC, Ignite Round Rock JV, LLC, and Ignite-Villa Holdco, LLCFor profit - Limited Liability company256.6
SPJST Rest Home 1Oakbend Medical CenterNon profit - Corporation281.5
Sagebrook Nursing and RehabilitationStratford Hospital DistrictGovernment - Hospital district371.9
The Springs Healthcare and RehabilitationFrio Hospital DistrictFor profit - Limited Liability company3103.2
Trinity Care CenterCaraday Healthcare, LLCFor profit - Limited Liability company4124.2

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