The deadline to get a Paycheck Protection Program (PPP) loan is just a few days away, with $130 billion still available to small businesses ahead of the June 30 final deadline. But even with the cutoff around the corner, the Small Business Administration (SBA) continues to issue new guidance on the ever-evolving program. To date, […]
The nursing home industry has taken the brunt of the nation’s coronavirus blow, with more than 40% of all U.S. COVID-19 deaths involving skilled nursing facilities (SNFs). Those staggering statistics have prompted fewer seniors to receive care in the setting, both for voluntary reasons and because many SNFs stopped accepting new patients and started discharging […]
The home care industry has historically been built on nonmedical services and a private-pay revenue structure. It has also long been underappreciated by the health care sector at large. But all of that’s changing. Nonmedical home care providers have proven their worth and range amid the COVID-19 crisis, keeping high-acuity seniors safe at home while […]
When the federal government introduced the Paycheck Protection Program (PPP), officials made it clear that PPP loans were designed to help small businesses stay afloat and afford payroll amid the coronavirus. In the home-based care space, however, the problem is that many small business owners might not be equipped to deal with the intricacies and […]
For months now, home care experts have echoed the same prediction: COVID-19 will have a lasting impact on the industry. Now, new data is backing up those anecdotal claims, painting a picture of what the nonmedical home care landscape of the future will look like. It’s not quite the Jetsons, but it’s headed that direction. […]
Home care agencies have been trying to figure out how to partner with Medicare Advantage (MA) plans since the Centers for Medicare & Medicaid Services (CMS) announced the possibility back in 2018. Anne Tumlinson, CEO of ATI Advisory, has the answers. She’s an expert on the economics of aging, a panelist at the upcoming Home […]
The coronavirus is expected to drive demand for home health care in the long term. But in the short term, it has yielded industry-wide declines in employment and spending. That’s according to a new data analysis released Tuesday by the Kaiser Family Foundation (KFF) in partnership with the Peterson Center on Healthcare. Specifically, KFF and […]
The health care sector has long had the capability to use telehealth, but it took the COVID-19 emergency to prompt widespread adoption. After three months of the crisis, emerging data is now making the sweeping rate of that adoption clearer. Seniors are among the most susceptible to the COVID-19 virus. Recently unveiled data suggests that […]
Like every other provider in the home-based care industry, Addus HomeCare Corporation (Nasdaq: ADUS) has spent the past three months grappling with the coronavirus. In the short term, that has meant decreased visit volumes and reduced revenues. But in the long-term, Frisco, Texas-based Addus is optimistic the COVID-19 emergency will usher in a number of […]
Home-based care providers are finally getting the attention they deserve for doing what they do best: safely caring for seniors in their homes while cutting health care costs in the process. COVID-19 has elevated home-based care’s impact to the national stage, with skilled nursing facilities (SNFs) and hospitals leaning on providers to care for more […]
Subscribe
Receive industry updates and breaking news from HHCN