Post-acute care provider LHC Group Inc. (NASDAQ:LHCG) has entered into an agreement to acquire the home health service line of Addus HomeCare Corp. (NASDAQ:ADUS) in a $20 million transaction expected to close on or around Feb. 28, 2013. The deal encompasses 19 home health agencies and two hospice agencies in five states and will expand […]
Category: Medicaid
A St. Louis home health company will pay close to $175,000 in settling a Medicaid fraud case with the state of Missouri. Infiniti Home Care, Inc. reached a settlement this month, announced by Missouri Attorney General Chris Koster, that will total 174,504 for billing Medicaid for home care services the company did not provide. The […]
A Minnesota woman pleaded guilty this week to counts of home health care fraud and wire fraud after allegedly embezzling more than $800,000 from a Minneapolis-area home health care company. According to the allegations, Lori Jo Mueller embezzled the funds from Edelweiss Home Health Care and used them for her personal use. Having worked as […]
New prices for durable medical equipment looks to save billions for both Medicare and its beneficiaries over the next decade, announced the Centers for Medicare & Medicaid Services (CMS) on Wednesday. Between 2013 and 2022, the CMS Office of the Actuary estimates Medicare will save $25.7 billion for its Part B Trust Fund, and $17.1 […]
Spending on senior care services, which includes skilled nursing, home health care and assisted living are predicted to grow 5.2 percent annually and will amount to $319.5 billion by 2016 according to the Freedonia Group. Skilled nursing saw facilities revenue come in at $106.9 billion in 2011 according to the study and are projected to […]
A former home health care agency provider in Virginia was sentenced this week to 51 months in prison for health care fraud and alteration of records in addition to a consecutive sentence for other charges. Former owner of A Caring Hand Home Health Care Services Inc. Janice Holland, pled guilty in September to the fraud […]
As the “baby boom” generation edges closer toward retirement years, running alongside the large, post-World War II demographic will be an increase in the demand for elder care services. Through 2016, revenues for elder care are expected to reach $319.5 billion, growing at a rate of 5.2% each year, according to a recent study from […]
Home health agencies are planning to invest most in marketing and training of their staff in 2013 according to results from a survey published by Home Health Line. Consisting of responses from 159 home health care agencies, 52.2% said they planned to invest most of their money on education and training, with another 37.1% saying […]
Health care spending in the United States exceeded the total reported in the National Health Expenditure Accounts (NHEA) in 2010 by $3.2 trillion, according to a report from the Deloitte Center for Health Solutions. A value that is 23.9% higher than what was reported by NHEA, the additional increase bears Deloitte’s report’s title, “The Hidden […]
The demographic of the old, particularly the baby boomer generation, will play a key role in upcoming policy changes, notes an article from the New York Times. For decades, boomers’ retirement has been recognized as having monumental impacts on the economy. Contributing to the large-scale changes in the American population, aging boomers will carry more […]
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