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Saturday, November 23, 2024

Magnolia Place, a for-profit facility, had a rating of 2 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, Magnolia Place was owned by Fannin County Hospital Authority, according to Centers for Medicare and Medicaid Services (CMS). The nursing home, located in Marion County, has been owned by Fannin County Hospital Authority since April 1, 2018.

Magnolia Place 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 2.5 recorded for nursing homes in Texas. 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, Magnolia Place aided an average of 81.9 residents per day during the fourth quarter of 2023, with a total of 116 beds available. Currently, the nursing home is not located within a hospital.

As of the fourth quarter of 2023, Magnolia Place spent a total of $13,082 in two fines and suffered two penalties.

In total, there was one for-profit nursing home in Marion County, Texas.

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 Marion County as of Q4 2023

Nursing HomeOwnerOwnership TypeOverall RatingAvg. No. of Residents per day
Magnolia PlaceFannin County Hospital AuthorityFor profit - Corporation281.9

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