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Thursday, November 21, 2024

Who owned Thunder Care and Rehabilitation 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, Thunder Care and Rehabilitation was owned by Bank Strategies, LLC, according to Centers for Medicare and Medicaid Services (CMS). The nursing home, located in Cleveland County, has been owned by Bank Strategies, LLC since Jan. 1, 2021.

Thunder Care and Rehabilitation is registered as a for-profit facility.

During that period, the nursing home had an overall rating of two from the CMS, which is lagging behind the average of 2.6 recorded for nursing homes in Oklahoma. 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, Thunder Care and Rehabilitation aided an average of 70.2 residents per day during the fourth quarter of 2023, with a total of 154 beds available. Currently, the nursing home is not located within a hospital.

As of the fourth quarter of 2023, Thunder Care and Rehabilitation spent a total of $13,983 in three fines and suffered four penalties.

In total, there were nine for-profit nursing homes in Cleveland County, Oklahoma.

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 Cleveland County as of Q4 2023

Nursing HomeOwnerOwnership TypeOverall RatingAvg. No. of Residents per day
24th PlaceBank Strategies, LLCFor profit - Individual268
Broadway Living CenterAudra Scearce and Joe ScearceFor profit - Partnership482.9
Grace Skilled and Nursing Therapy NormanBridges Esop, Inc.For profit - Partnership5110
Holiday Heights HealthcareBridges Esop, Inc.For profit - Partnership445.2
Ignite Medical Resort Norman, LLCIgnite Oklahoma JV, LLC and Ignite V-Jv, LLCFor profit - Partnership339.6
Lexington Nursing Home, Inc.Gerald Lawson and Lexington Nursing Home, Inc.For profit - Corporation340
Meadowlake EstatesSanctuary Long Term Care, LLCFor profit - Limited Liability company299.1
Medical Park West Rehabilitation and Skilled CareSanctuary Long Term Care, LLCFor profit - Limited Liability company185.7
Noble Health Care CenterSanctuary Long Term Care, LLCNon profit - Other181.6
Thunder Care and RehabilitationBank Strategies, LLCFor profit - Individual270.2

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