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Mohawk Valley Times

Thursday, October 31, 2024

Who owned Cooperstown Center for Rehabilitation and Nursing 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, Cooperstown Center for Rehabilitation and Nursing was owned by Otsego KR Holding, LLC, according to Centers for Medicare and Medicaid Services (CMS). The nursing home, located in Otsego County, has been owned by Otsego KR Holding, LLC since Jan. 1, 2018.

Cooperstown Center for Rehabilitation and Nursing 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 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, Cooperstown Center for Rehabilitation and Nursing aided an average of 160.5 residents per day during the fourth quarter of 2023, with a total of 174 beds available. Currently, the nursing home is not located within a hospital.

As of the fourth quarter of 2023, Cooperstown Center for Rehabilitation and Nursing spent a total of $29,586 in three fines and suffered three penalties.

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

Nursing HomeOwnerOwnership TypeOverall RatingAvg. No. of Residents per day
Chestnut Park Rehabilitation and Nursing CenterUri Koenig and Efraim SteifFor profit - Corporation275.7
Cooperstown Center for Rehabilitation and NursingOtsego KR Holding, LLCFor profit - Limited Liability company1160.5

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