Across the U.S., hospital systems are bleeding money. The coronavirus is largely to blame, with most of the country suspending elective procedures and non-essential hospital services for the majority of spring. The American Hospital Association (AHA), for example, estimates that COVID-19’s financial impact to hospitals and health systems over the four-month period from March 1 […]
Many senior living and skilled nursing facilities (SNFs) continue to struggle with the COVID-19 virus, as their residents are often vulnerable older adults who live in fairly close proximity. In some cases, coronavirus concerns have prompted such congregate living facilities to turn away outside caregivers and home health aides; in others, the struggle has led […]
Home care agencies navigating financial headwinds associated with the COVID-19 virus can seek relief through the Paycheck Protection Program (PPP). But providers need to approach PPP with a full understanding of how the funds can be utilized — or risk consequences down the line. Broadly, PPP — a flexible loan program for certain small businesses […]
A decade ago, home care was seen as a cottage industry. Today, it’s a multibillion-dollar market made up of thousands of individual businesses, several of which operate from coast to coast and have thousands of caregivers on staff. The home care industry in 2020 will be defined by record-setting private equity activity and providers’ pursuit […]
With only a few short months to go in 2019, the year is rapidly winding down. As home care leaders take stock of their 2020 priorities, many remain focused on contracting with Medicare Advantage (MA) plans, some of which still lack a basic understanding of what home care services actually look like. Among those leaders […]
It’s already been a busy year for Interim HealthCare Inc. President and CEO Jennifer Sheets, who took charge of the Sunrise, Florida-based home health franchise in January. But there’s still much to accomplish as 2019 winds down, including the launch of a new company-wide strategy focused on social determinants of health and “looking beyond the […]
California’s recently sworn in governor is making aging and in-home care top priorities for the state, which has a senior population expected to increase by roughly 4 million within the next decade. Gov. Gavin Newsom, a democrat, called for the creation of a new “master plan on aging” during his first State of the State […]
Greenville, South Carolina-based health care real estate investment firm InvestSouth, LLC, has acquired in-home and hospice care provider Interim HealthCare of Greenville, Inc. As part of the acquisition, the provider is pushing forward with a new name: Interim HealthCare & Hospice of The Upstate. The acquisition was effective January 1, 2018. The price of the transaction […]
Since November, the Centers for Medicare & Medicaid Services (CMS) has rolled out regulation upon regulation affecting home health care, altering the landscape for agencies across the country. CMS first finalized a rule to incentivize hospitals to work with other post-acute providers for knee and hip replacement procedures through bundled payments for 67 hospital locations. […]
Interim HealthCare, Inc., a national network of home care, hospice and health staffing franchises, has added 15 locations in 2014 in eight states including California, Texas, Florida, Georgia, Virginia and New Jersey. The first locations in Utah and Maryland have opened. The company now has more than 330 locations in 44 states and ranks in the […]
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