According to the most recent data, an estimated 5.8 million people utilize home- and community-based long-term services and supports (LTSS). Medicaid is the primary payer for LTSS. The U.S. spent over $400 billion on LTSS in 2020, nearly 10% of all health care expenditures. More than half of that spending went toward home- and community-based […]
On Thursday, the U.S. Centers for Medicare & Medicaid Services (CMS) proposed a new rule that would make major changes to the way that home care workers are compensated under Medicaid. While home-based care stakeholders recognize that the proposal could lead to some improvements, many are critical of what they view as a one-size-fits-all approach […]
BrightStar Care names new chief marketing officer BrightStar Care has promoted Teresa Celmer to chief marketing officer. Prior to her appointment, she had served as the company’s senior vice president of marketing since 2019. “I am thrilled to be stepping into the role of chief marketing officer of BrightStar Care and am expertly positioned to […]
Addus HomeCare Corporation (Nasdaq: ADUS) leaders revealed Tuesday that the company still has roughly half of its American Rescue Plan Act (ARPA) funds in its treasure chest. It has been leveraging these funds as a retention lifeline. Its turnover rate is now below 55%, far better than the industry average. The company still has another […]
Addus HomeCare Corporation (Nasdaq: ADUS) is performing well. But, to perform better, it wants to grow its home health segment and more fully engage in value-based care contracting. Now, Chairman and CEO Dirk Allison sees M&A as one of the key focuses in the near-term future. Also top of mind for Allison is the continuing […]
Home-based care’s deal volume remained flat in the fourth quarter of 2022, ending a slow year overall for transactions. The quarter saw at least 24 completed transactions, right on par with Q3’s 25 deals, but was lower than previous years in the home-based care space, according to a report from M&A advisory firm Mertz Taggart. […]
Over the past few years, a number of home-based care companies have been able to achieve rapid, inorganic growth. Due to these organizations’ acquisition prowess, their leaders have become experts in spotting deal landmines and goldmines. On the home care side, Care Advantage Inc. has become one of these companies. The Richmond, Virginia-based Care Advantage […]
The Biden administration has shown time and again its commitment to home- and community-based services. And Addus HomeCare Corporation (Nasdaq: ADUS) is beginning to reap some of the benefits. The Frisco, Texas-based in-home care services providers has begun to receive more substantial funding from the states it operates in through the American Rescue Plan. “With […]
Home care providers likely exhaled a sigh of relief when the American Rescue Plan passed last year, earmarking funds intended to enhance home- and community-based services (HCBS). And they’re once again breathing easier now that the U.S. Department of Health and Human Services (HHS) – through the U.S Centers for Medicare & Medicaid Services (CMS) […]
By leveraging improved recruitment numbers and the surplus of resources from state governments, leaders with Addus HomeCare Corporation (Nasdaq: ADUS) are hoping the tail end of 2022 could be a big one in terms of M&A and organic growth. Addus’ EVP and CFO Brian Poff sounded optimistic about the company’s growth plans – as well […]
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