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Friday, May 10, 2024

Who owned LA Vida Buena Healthcare 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, LA Vida Buena Healthcare was owned by five stakeholders, according to Centers for Medicare and Medicaid Services (CMS).

Current LA Vida Buena Healthcare owners are listed in the table below.

LA Vida Buena Healthcare 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, LA Vida Buena Healthcare aided an average of 72.5 residents per day during the fourth quarter of 2023, with a total of 102 beds available. Currently, the nursing home is not located within a hospital.

As of the fourth quarter of 2023, LA Vida Buena Healthcare spent a total of $25,729 in two fines and suffered two penalties.

In total, there was one for-profit nursing home in San Miguel 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 San Miguel County as of Q4 2023

Nursing HomeOwnerOwnership TypeOverall RatingAvg. No. of Residents per day
LA Vida Buena HealthcareJoseph Martin, Matthew Meyer, Scott Morin, Michael Oliver, and Harvey PelovskyFor profit - Individual172.5

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