As of the fourth quarter of 2023, Golden Years of Lake Geneva was owned by four stakeholders, according to Centers for Medicare and Medicaid Services (CMS). The nursing home, located in Walworth County, has been owned by them since Jan. 1, 2017.
Current Golden Years of Lake Geneva owners are listed in the table below.
Golden Years of Lake Geneva is registered as a for-profit facility.
During that period, the nursing home boasted an overall rating of four from the CMS, which is higher than the average of 3.0 recorded for nursing homes in Wisconsin. 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, Golden Years of Lake Geneva aided an average of 26.8 residents per day during the fourth quarter of 2023, with a total of 30 beds available. Currently, the nursing home is not located within a hospital.
As of the fourth quarter of 2023, Golden Years of Lake Geneva spent a total of $658 in one fine and suffered one penalty.
In total, there were three for-profit nursing homes in Walworth County, Wisconsin.
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 Home | Owner | Ownership Type | Overall Rating | Avg. No. of Residents per day |
|---|---|---|---|---|
| Golden Years of Lake Geneva | Jeffrey Austin, Linda Susan Austin, Richard Thomas Austin, and Jonathan Stankevitz | For profit – Corporation | 4 | 26.8 |
| Lakeland Health Care Center | County of Walworth | Government – County | 4 | 77.7 |
| Williams Bay Health Services | NSHR Operations, LLC | For profit – Corporation | 1 | 36 |
