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Thursday, November 21, 2024

Who owned Cardinal Care Strategies in Q4 2023?

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CMS Deputy Chief Operating Officer John Czajkowski | cms.gov/about-cms/leadership/deputy-chief-operating-officer

CMS Deputy Chief Operating Officer John Czajkowski | cms.gov/about-cms/leadership/deputy-chief-operating-officer

As of the fourth quarter of 2023, Cardinal Care Strategies was owned by Pulaski Memorial Hospital, according to Centers for Medicare and Medicaid Services (CMS). The nursing home, located in Delaware County, has been owned by Pulaski Memorial Hospital since June 27, 2021.

Cardinal Care Strategies 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 2.9 recorded for nursing homes in Indiana. 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, Cardinal Care Strategies aided an average of 56.4 residents per day during the fourth quarter of 2023, with a total of 104 beds available. Currently, the nursing home is not located within a hospital.

As of the fourth quarter of 2023, Cardinal Care Strategies spent a total of $93,996 in three fines and suffered four penalties.

In total, there were seven for-profit nursing homes in Delaware County, Indiana.

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 Delaware County as of Q4 2023

Nursing HomeOwnerOwnership TypeOverall RatingAvg. No. of Residents per day
Albany Health Care and Rehabilitation CenterRiverview HospitalNon profit - Corporation376
Bethel Pointe Health and RehabilitationRiverview HospitalNon profit - Corporation4105.3
Brickyard Healthcare - Muncie Care CenterHendricks County HospitalFor profit - Corporation1104.7
Cardinal Care StrategiesPulaski Memorial HospitalFor profit - Limited Liability company156.4
Morrison Woods Health CampusHancock Regional HospitalGovernment - County553.9
Signature Healthcare of MuncieJackson County Schneck Memorial HospitalGovernment - County4121.1
The Waters of MuncieHenry County Memorial HospitalFor profit - Corporation157.8
The WoodlandsHendricks County HospitalFor profit - Corporation268.3
Waters Edge VillageThe Health and Hospital Corporation of Marion CountyFor profit - Individual563.1
Yorktown ManorAdams County Memorial HospitalFor profit - Individual362.1

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