Elara Caring acquires American Family Home Health Elara Caring has acquired American Family Home Health, a Huntley, Illinois-based home health care provider. “In agreeing to be acquired by Elara, American Family Home Health is passing the baton to an organization that has demonstrated its full commitment to high-quality, compassionate patient care,” Ren Pillai, administrator at […]
Elara Caring
In the midst of the first full performance year for the expanded Home Health Value-Based Purchasing (HHVBP) model, providers are figuring out where they are succeeding and where there is room for improvement. HHVBP continues to save hundreds of millions of dollars each year, according to the U.S. Centers for Medicare & Medicaid Services (CMS). […]
Elara Caring adds chief development officer Elara Caring has named Brent Nash as its chief development officer, a new executive role. Nash will be in charge of maximizing the company’s growth strategy. “At Elara, we’re utilizing a world-class value-based care model and cutting-edge technologies to scale the delivery of home-based care, improving outcomes for patients, […]
To alleviate staffing headwinds, home-based care providers are having to get creative. One provider, in particular, has seen impressive returns on some of its newer strategies. Elara Caring is investing in new technologies and programs to ensure its caregivers are spending as much time as they can delivering care. “Our growth strategy is fueled by […]
Private equity investment remains down in health care services. But the firms active in home-based care will likely have a major impact on the industry in the near future. The decisions those firms make – while entering or exiting – will have a lasting impact. In the second quarter, there were 164 PE deals across […]
Home-based companies are focusing on patient “wellness” more than they ever have. Wellness seems like it would be an obvious focus for health care services companies in general. But the fact of the matter is that it hasn’t always been in post-acute and long-term care settings. That’s changing now. While it’s right for the patient, […]
At the end of last month, the U.S. Centers for Medicare & Medicaid Services (CMS) published its home health proposed payment rule for 2024. The proposal, almost immediately, drew a negative response from key home health stakeholders. The main headline was CMS’ decision to propose a home health payment decrease of 2.2%. The proposal also […]
UnitedHealth Group’s (NYSE: UNH) Optum snatched Amedisys Inc. (Nasdaq: AMED) away from Option Care Health (Nasdaq: OPCH) at the end of June. If the $3.3 billion acquisition is finalized, Optum will own about 10% of the home health care market. It would represent a seismic shift for a traditionally mom-and-pop industry. It would represent consolidation, […]
Home health providers are in a challenging operating environment, despite their services being more in demand than ever. Their leaders are trying to grapple with those two realities. They want to be the ones that benefit from higher demand, instead of another outsider like UnitedHealth Group’s (NYSE: UNH) Optum, CVS Health (NYSE: CVS) or any […]
Home-based care insiders are looking on as outsiders come in and sweep up top assets within their industry. There’s the payers, like UnitedHealth Group (NYSE: UNH) and Humana (NYSE: HUM), that are doing so. Then there’s the retailers, such as CVS Health (NYSE: CVS), Walgreens Boots Alliance (Nasdaq: WBA), Best Buy (NYSE: BBY) Amazon (Nasdaq: […]
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