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Wednesday, November 13, 2024

Who owned Rio Rancho Center 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, Rio Rancho Center was owned by Peak Medical, LLC, according to Centers for Medicare and Medicaid Services (CMS). The nursing home, located in Sandoval County, has been owned by Peak Medical, LLC since Feb. 2, 2015.

Rio Rancho 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 2.7 recorded for nursing homes in New Mexico. 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, Rio Rancho Center aided an average of 110.7 residents per day during the fourth quarter of 2023, with a total of 120 beds available. Currently, the nursing home is not located within a hospital.

As of the fourth quarter of 2023, Rio Rancho Center spent a total of $295,620 in four fines and suffered six penalties.

In total, there were two for-profit nursing homes in Sandoval County, New Mexico.

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 Sandoval County as of Q4 2023

Nursing HomeOwnerOwnership TypeOverall RatingAvg. No. of Residents per day
Rio Rancho CenterPeak Medical, LLCFor profit - Limited Liability company1110.7
The Suites Rio VistaEduro Healthcare, LLCFor profit - Limited Liability company198.6

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