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Friday, December 27, 2024

Who owned Colorow Health Care, LLC 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, Colorow Health Care, LLC was owned by four stakeholders, according to Centers for Medicare and Medicaid Services (CMS).

Current Colorow Health Care, LLC owners are listed in the table below.

Colorow Health Care, LLC 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 3.0 recorded for nursing homes in Colorado. 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, Colorow Health Care, LLC aided an average of 56.7 residents per day during the fourth quarter of 2023, with a total of 82 beds available. Currently, the nursing home is not located within a hospital.

As of the fourth quarter of 2023, Colorow Health Care, LLC spent a total of $15,473 in two fines and suffered two penalties.

In total, there were two for-profit nursing homes in Montrose County, Colorado.

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 Montrose County as of Q4 2023

Nursing HomeOwnerOwnership TypeOverall RatingAvg. No. of Residents per day
Colorow Health Care, LLCJohn Brammeier, Arlene Mesner, Jay Moskowitz, and Mary PfalzgraffFor profit - Partnership256.7
ELK Ridge Health and Rehabilitation CenterRocky Mountain Skilled Nursing Facility Holdings, LLCFor profit - Limited Liability company148.6

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