The Department of Labor finalized its rule on overtime for salaried workers this week, drawing concern from home health companies and other small businesses already feeling the pinch from rising labor costs. Readers were tuned in to this breaking news story, and no doubt the whole industry will be avid to learn more in the coming weeks and months about the impacts of this new rule.
In an updated story, we noted that the final purchase price for National Home Health Care Corporation was even higher than first reported, clocking in at an impressive $103 million. Other news of note involved the OIG’s continued concern over improper documentation.
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[Updated] Labor Rule to Increase Overtime Burdens for Home Health Providers—The DOL made it official, extending overtime protections to salaried workers making up to $47,476 a year. That’s almost double the previous threshold, and has led to an outcry from small businesses—and concern from the home health industry.
[Updated] Private Equity Firm Buys Home Health Company for $103 Million—The buyer in this major acquisition is private equity firm Blue Wolf Capital.
OIG: Home Health Improper Documenation ‘Prevalent’—When it comes to improper Medicare payments, documentation issues in home health are a major culprit, the federal watchdog again warned.
Home Care Entrepreneur Sees ‘Warp Speed’ Disruption as Opportunity—An entrepreneur getting into the home health sector told HHCN that the major disruption hitting the sector actually is a business opportunity.
Weekend Read
Crusader for Better Dementia Care—As a 24-year-old, James Ashwell’s world got turned upside-down when his mother was diagnosed with dementia. Now, he has founded Unforgettable.org, where a resource for everything from “lacy incontinence knickers” to, now, a free dementia-specific power of attorney (PoA) product.
Written by Tim Mullaney
Companies featured in this article:
Blue Wolf Capital, DOL, National Home Health Care Corporation
