Despite recruitment and retention remaining an industry-wide pain point, home care positions have become a major component of job growth in New York. That’s according to a recent report from the New York City Independent Budget Office (IBO), a publicly funded agency that provides nonpartisan information about New York City’s budget and tax revenues. Released […]
Denver-based startup DispatchHealth — which delivers on-demand health care to patients in the home setting — has secured $33 million in growth capital financing, led by private equity firm Echo Health Ventures. The news is the latest in a series of in-home health care funding announcements. Founded in 2013, DispatchHealth works alongside in-home nursing care […]
A bipartisan group of U.S. lawmakers has begun planting the seeds to eliminate Medicare’s physician-certification policy — which many home health industry insiders have critiqued as outdated. If successful, the move could potentially make it easier for older adults to gain access to home health care and have a major impact on providers’ bottom line. […]
The home health industry won a major victory in its battle to scrap widely opposed provisions of the Patient-Driven Groupings Model (PDGM) Wednesday, as a group of bipartisan House lawmakers introduced a new bill targeting the payment overhaul’s behavioral assumptions. Introduced by Reps. Terri Sewell (D-Ala.), Vern Buchanan (R-Fla.) and Ralph Abraham (R-La.) — along […]
In the midst of its ongoing turnaround strategy, Brookdale Senior Living Inc.’s (NYSE: BKD) home health and hospice segment appears to be on an upswing. If the trend continues, analysts say, the large senior living provider may look to spin off its health care services line down the road — or sell it. In many […]
Individuals who jump ship from traditional Medicare to Medicare Advantage (MA) typically spend less on health care in the year prior to their switch, a new issues brief from the Kaiser Family Foundation suggests. This may mean those enrolled in MA plans are healthier than their Medicare peers — and less in need of the […]
Similar to others throughout the home care industry, top executives from Addus HomeCare Corporation (Nasdaq: ADUS) remain excited about emerging Medicare Advantage opportunities. The Frisco, Texas-based company currently has contracts with large MA Plans to provide personal care services to their members during 2019 and continues to receive referrals under these contracts, Addus President and […]
Arosa+LivHome announced Monday it has acquired Forever Young Home Care, a move that expands its North Carolina footprint and adds further scale to the up-and-coming in-home care provider’s operations. Financial terms of the deal were not disclosed. Backed by Bain Capital Double Impact, Arosa+LiveHome was formed in October 2018 after the combination of two regional […]
LHC Group Inc. (Nasdaq: LHCG) is leaning even further into its joint venture strategy, a major calling card for the Lafayette, Louisiana-based home health, hospice and personal care giant. LHC Group announced Thursday it has entered into an agreement to acquire home health and hospice assets from SSM Health, a multi-state health system based in […]
Cornerstone Healthcare — the large in-home care provider organization under The Ensign Group Inc. (NYSE: ENSG) umbrella — is actively seeking opportunities to acquire both well-performing and struggling home health, hospice and home care operations across the United States. That’s according to Cornerstone President and CEO Daniel Walker, who hinted at future M&A moves following […]
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