Editor’s Picks: Honor Goes W-2, Addus’ New CEO
This week on Home Health Care News, readers learned about Addus’ new CEO and delved deeper into Amedisys’ M&A plans. They also discovered that home care startup Honor will be directly employing its caregivers moving forward as opposed to working with independent contractors, as well as how Almost Family is tackling CMS’ value-based purchasing model.
Honor to Directly Employ Home Care Workers—Home care startup Honor—which grabbed attention by raising $20 million from investors last year—will be directly employing its caregivers going forward, rather than working with them on an independent contractor basis.
Almost Family Takes On CMS’ Value Challenge—Coming off a record revenue year, one of the nation’s largest home health providers has its sights set on winning in a shifting health system. Part of the plan involves a new business segment, launched as the government continues to reward low-cost settings and value-based purchasing models come into effect.
Amedisys CEO Offers Sharper Look at M&A Plans—One of the nation’s largest home health and hospice providers has added to its already large pipeline of acquisition targets. But the company’s CEO has implied that only a small fraction of the potential deals actually matter at this point.
Addus Names New CEO—Addus HomeCare Corp. (Nasdaq: ADUS) has named Dirk Allison as president and CEO, effective immediately. Allison replaces long-serving Addus executive Mark Heaney, who joined as COO in 1985 and became president and CEO in 2008.
Older Drivers Hit the Road for Uber and Lyft—A growing number of older Americans are driving for Uber or its competitor, Lyft, to supplement their retirement income. Some say it’s a way to be independent and earn extra cash, but others call it the exploitation of older people who work as independent contractors without any benefits, because their age means they struggle to find full-time employment.
Costs of Caregiving—Caring for a loved one can be rewarding, but it’s not always easy. As the number of family caregivers rises, they continue to face a number of challenges.
Written by Kourtney Liepelt