At-home care providers are often lauded for their ability to prevent re-hospitalizations and drive down health care costs by allowing older adults to safely age in their existing homes and communities. As it turns out, their services are having a much broader impact on the U.S. economy, especially when it comes to the real estate […]
Amedisys Inc. (Nasdaq: AMED) posted strong Q1 2019 financial results on Tuesday, with home health revenues buoyed by a 6% rise in same-store total volume. Despite a solid quarter, the company’s stock values were down 6.21% nearing end-of-day Wednesday, trading at $119.88 per share. Headquartered in Baton Rouge, Louisiana, Amedisys held a conference call with […]
Three additional home health agency owners have been sentenced to a combined 117 months in prison for their roles in multi-million dollar fraud schemes. The recent sentencings bring April’s home health-related fraud cases to at least five overall, a total that broadly reflects the increased scrutiny and oversight the industry currently faces. On April 22, […]
Blue Wolf Capital makes another post-acute care move As a response to the growing demand for integrated delivery models in the post-acute care sector, private equity firms Blue Wolf Capital Partners and Peloton Equity have partnered to launch rehabilitative health care provider ClearSky Health. Austin, Texas-based ClearSky Health plans to develop and acquire in-patient rehabilitation […]
Despite consumer preferences for home-based care, relatively few senior living organizations see it as a potential growth opportunity. Meanwhile, skilled nursing facilities (SNFs) say they’re only losing a fraction of their referrals to home health providers. That’s according to a recent report from Enquire Solutions, a Greenwood Village, Colorado-based customer relationship management (CRM) and contact […]
At-home care organizations across the country are grappling with how to attract and retain staff. Moorestown, New Jersey-based Bayada Home Health Care has tried to solve the industry-wide pain point by exploring creative solutions, including university partnerships. Reasons for at-home care workforce challenges are numerous. On a macro-level, the United States has a rapidly aging […]
Federal watchdogs continue to ramp up oversight of home care companies for minimum wage and overtime pay violations, a Wednesday report from Bloomberg Law suggests. Meanwhile, caregiver registries are creating uncertainty as to whether they should be considered employers. Over the past few months, several home care companies across the U.S. have been met with […]
HCAP Partners invests in Mission Healthcare In the midst of growing interest in the home health care space from private equity investors, HCAP Partners has invested in Mission Healthcare. Investment terms were not disclosed. Mission Healthcare — which has more than 600 employees — is a San Diego-based home health and hospice services provider with […]
Home health care has been proven to play a key role in lowering hospital readmission rates and preventing costly emergency room visits. Major hospitals are now designing ERs specifically for older adults, keeping the goal of re-hospitalization prevention top of mind. And that may mean more business for home health providers moving forward. “There’s a […]
With major regulatory volleys such as the Patient-Driven Groupings Model (PDGM) and the Review Choice Demonstration (RCD) on the table, keeping track of other industry-shaping issues can often feel like a losing battle. For some home health stakeholders, that may have meant missing a subtle yet important announcement from the Centers for Medicare & Medicaid […]
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