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Friday, November 15, 2024

Who owned Elderwood at North Creek 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, Elderwood at North Creek was owned by 112 SKI Bowl Road Operating Holdco, LLC, according to Centers for Medicare and Medicaid Services (CMS). The nursing home, located in Warren County, has been owned by 112 SKI Bowl Road Operating Holdco, LLC since April 5, 2017.

Elderwood at North Creek 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 2.9 recorded for nursing homes in New York. 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, Elderwood at North Creek aided an average of 62.8 residents per day during the fourth quarter of 2023, with a total of 82 beds available. Currently, the nursing home is not located within a hospital.

As of the fourth quarter of 2023, Elderwood at North Creek spent a total of $4,578 in four fines and suffered four penalties.

In total, there were four for-profit nursing homes in Warren County, New York.

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 Warren County as of Q4 2023

Nursing HomeOwnerOwnership TypeOverall RatingAvg. No. of Residents per day
Elderwood at North Creek112 SKI Bowl Road Operating Holdco, LLCFor profit - Limited Liability company362.8
Glens Falls Center for Rehabilitation and NursingAmir Abramchik, Kenneth Rozenberg, and Hillel WeinbergerFor profit - Corporation1109.9
The Pines at Glens Falls Center for Nursing and RehabilitationNechama Biderman, David Cohen, Morris Fuchs, Chaim Goldenberg, Michael Lipman, Magda Manela, Susan Ostreicher, Laurence Roberts, and Tzivy RobertsFor profit - Limited Liability company4113

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