Editor’s Picks: Honor’s Eye-Popping Funding
This week, Home Health Care News readers learned how one home health provider cut the risk of avoidable hospitalizations in half, why intensive caregiver training has a positive impact on hospitalizations, and about the newfound confidence Brookdale Senior Living (NYSE: BKD) has in its home health care business.
Readers also learned more about Honor’s eye-popping $42 million funding round from Honor CEO Seth Sternberg.
Here in the newsroom, we enjoyed reading about how yoga helped an 85-year-old successfully age in place.
How Encompass Cut Avoidable Hospitalization Risk by 50%—Keeping hospitalization rates down is a mission-critical concern for home health agencies, affecting everything from Five Star ratings to success in new Medicare payment models. One major provider, Encompass Home Health & Hospice, has achieved notable results, leveraging technology to decrease the risk of avoidable transfers by more than 50%.
Honor Raises Additional $42 Million—Home care startup Honor announced an eye-popping $42 million Series B funding grab. The funding was led by Thrive Capital, a New York-based venture capital investment firm with a focus on media and internet investments. Honor did not disclose its client census, but believes they are the largest home care company in San Francisco, co-founder and CEO Seth Sternberg noted to Home Health Care News.
Training for In-Home Caregivers Cuts Hospitalization Rates—When in-home caregivers take part in intensive training, their patients are less likely to go to the emergency room or be hospitalized, according to a recent case study conducted in California. In fact, the rate of repeated emergency room visits among patients cared for by trained workers fell by 24% in the first year after undergoing an intensive training program, and by 41% in the second year, according to an analysis by University of California-San Francisco researchers.
Brookdale Sees ‘Recovery’ in Home Health, Looks to Grow—The nation’s largest senior living provider says its home health and hospice businesses have bounced back—and there are plans to grow both businesses in the near future. In fact, the second quarter of 2016 saw “the beginnings of a recovery in [Brookdale Senior Living’s] ancillary business,” Brookdale Senior Living CEO Andy Smith said in a press release detailing the company’s most recent earnings.
This 85 Year Old Proves Yoga Can Keep You Young—When 85-year-old Anna Pesce began working with a certified yoga instructor to relieve her back pain, the results were extreme. After four months, Pesce was able to do a modified headstand, with her feet parallel to her head in an inverted V-shape and her back against the wall, the New York Post reports. Plus, her hunchback went away. “My mom is a lot more independent, and even how she carries herself—she just seems a lot happier and brighter now,” Pesce’s daughter tells the Post.
Multigenerational Households: The Benefits, and Perils— A record-high 60.6 million people, or 19% of Americans, lived with several generations under one roof in 2014, according to a new analysis of federal census data from the Pew Research Center. By definition, a multigenerational household includes two or more adult generations, such as baby boomer parents and their adult children, or one that includes grandparents and grandchildren, The New York Times reports.
Written by Mary Kate Nelson