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Monday, November 4, 2024

Who owned Mount Olive 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, Mount Olive Center was owned by Regency Health Services, LLC, according to Centers for Medicare and Medicaid Services (CMS). The nursing home, located in Wayne County, has been owned by Regency Health Services, LLC since Aug. 22, 2007.

Mount Olive 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, Mount Olive Center aided an average of 112.5 residents per day during the fourth quarter of 2023, with a total of 150 beds available. Currently, the nursing home is not located within a hospital.

As of the fourth quarter of 2023, Mount Olive Center spent a total of $85,435 in five fines and suffered nine penalties.

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

Nursing HomeOwnerOwnership TypeOverall RatingAvg. No. of Residents per day
Goldsboro Rehabilitation and Healthcare CenterNC East Holding, LLCFor profit - Limited Liability company4119.5
Mount Olive CenterRegency Health Services, LLCFor profit - Limited Liability company1112.5
Willow Creek Nursing and Rehabilitation CenterRaymond Hill, Robert Hill, Stephen Hill, Principle It Services, Inc., and Principle Long Term Care, Inc.For profit - Limited Liability company2149.7

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