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Friday, May 10, 2024

A look at Lake Park of Madison Nursing and Rehabilitation Center, a nursing home in Madison, Florida

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CMS Administrator Chiquita Brooks-LaSure | Wikipedia

CMS Administrator Chiquita Brooks-LaSure | Wikipedia

As of the fourth quarter of 2023, Lake Park of Madison Nursing and Rehabilitation Center was owned by Lafayette Holdings, LLC, according to Centers for Medicare and Medicaid Services (CMS). The nursing home, located in Madison County, has been owned by Lafayette Holdings, LLC since Feb. 8, 2016.

Lake Park of Madison Nursing and Rehabilitation Center is registered as a for-profit facility.

During that period, the nursing home had an overall rating of three from the CMS, which is lagging behind the average of 3.1 recorded for nursing homes in Florida. 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, Lake Park of Madison Nursing and Rehabilitation Center aided an average of 90.9 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, Lake Park of Madison Nursing and Rehabilitation Center spent a total of $8,747 in one fine and suffered one penalty.

In total, there were two for-profit nursing homes in Madison County, Florida.

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 Madison County as of Q4 2023

Nursing HomeOwnerOwnership TypeOverall RatingAvg. No. of Residents per day
Greenville Care CenterCenters for Aging and Rehabilitation of Florida, Inc.Non profit - Corporation150.7
Lake Park of Madison Nursing and Rehabilitation CenterLafayette Holdings, LLCFor profit - Corporation390.9
Madison Health and Rehabilitation CenterAlan Davis, Joseph Mitchell, and Summit Care Group II Operations Holdings, LLCFor profit - Corporation553.4

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