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Friday, May 10, 2024

Who owned Bethany Woods Nursing and Rehabilitation Center in Q4 2023?

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CMS Chief of Stuff Erin Richardson | cms.gov/about-cms/leadership/chief-operating-officer

CMS Chief of Stuff Erin Richardson | cms.gov/about-cms/leadership/chief-operating-officer

As of the fourth quarter of 2023, Bethany Woods Nursing and Rehabilitation Center was owned by five stakeholders, according to Centers for Medicare and Medicaid Services (CMS). The nursing home, located in Stanly County, has been owned by them since Jan. 1, 2011.

Current Bethany Woods Nursing and Rehabilitation Center owners are listed in the table below.

Bethany Woods Nursing and Rehabilitation Center 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 North Carolina. 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, Bethany Woods Nursing and Rehabilitation Center aided an average of 105 residents per day during the fourth quarter of 2023, with a total of 180 beds available. Currently, the nursing home is not located within a hospital.

As of the fourth quarter of 2023, Bethany Woods Nursing and Rehabilitation Center achieved a zero-incident record for fines and penalties.

In total, there were two for-profit nursing homes in Stanly County, North Carolina.

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 Stanly County as of Q4 2023

Nursing HomeOwnerOwnership TypeOverall RatingAvg. No. of Residents per day
Bethany Woods Nursing and Rehabilitation CenterRaymond Hill, Robert Hill, Stephen Hill, Principle It Services, Inc., and Principle Long Term Care, Inc.For profit - Corporation1105
Forrest Oakes Healthcare CenterNenc Healthcare Holding County, LLCFor profit - Corporation157.2
Trinity PlaceLutheran Services for the Aging, Inc.Non profit - Corporation471.2

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