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Thursday, November 21, 2024

Who owned Clearstream Rehabilitation and Nursing Center 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, Clearstream Rehabilitation and Nursing Center was owned by Renewal Healthcare, LLC, according to Centers for Medicare and Medicaid Services (CMS). The nursing home, located in Barry County, has been owned by Renewal Healthcare, LLC since May 10, 2022.

Clearstream Rehabilitation and Nursing Center 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 3.1 recorded for nursing homes in Michigan. 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, Clearstream Rehabilitation and Nursing Center aided an average of 77.2 residents per day during the fourth quarter of 2023, with a total of 98 beds available. Currently, the nursing home is not located within a hospital.

As of the fourth quarter of 2023, Clearstream Rehabilitation and Nursing Center spent a total of $16,286 in six fines and suffered seven penalties.

In total, there was one for-profit nursing home in Barry County, Michigan.

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 Barry County as of Q4 2023

Nursing HomeOwnerOwnership TypeOverall RatingAvg. No. of Residents per day
Clearstream Rehabilitation and Nursing CenterRenewal Healthcare, LLCFor profit - Corporation477.2
Thornapple ManorCounty of BarryGovernment - County5136.6

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