America cast their votes on November 8 and decided that Donald Trump will be the next President of the United States. While the news was shocking, it wasn’t the only hard-hitting story we brought readers.
While much of the industry wondered how a Trump presidency could impact home health care, the nation’s largest home health care provider announced it was exiting the SNF business. Another major home health care provider reported strong earnings results coming out of the third quarter of 2016.
Kindred to Exit the Skilled Nursing Facility Business—The nation’s largest home health and hospice provider is betting even more on this side of the business, announcing Monday that is will entirely cease to own or operate skilled nursing facilities (SNFs). Roughly half of earnings for Louisville-based Kindred Healthcare (NYSE: KND) will come from the home health side of the company after the skilled nursing exit and an associated cost realignment initiative are complete.
Home Health Industry Ponders Meaning of Trump Presidency—In a year full of new challenges for the home health and home care industry, one outstanding uncertainty has finally been put to rest—Donald Trump has won the U.S. presidency. While America’s next president is decided, the impact to the home health industry, and the larger health care system, is still largely unknown. Some policies and promises have left the health care space reeling, but some may leave room for hope.
This is What’s Driving LHC’s ‘Unprecedented Growth’—The third quarter for LHC Group (Nasdaq: LHCG) was full of growth. The company has made great strides in the last year, and expects more to come in 2017.
Around the Web
Winners and Losers in the Health-Care Industry Under President Trump—With President-elect Donald Trump’s health care plan still mostly uncertain, the impact on the health care industry is unknown. Yet, there are likely to be some winners and losers from his proposed policies and ideas, writes The Washington Post.
I’m a Disabled American. Trump’s Policies Will be a Disaster for People Like Me.—A disabled Amercian pens an editorial on Vox describing fear and worry over President-elect Trump’s descriptions and mocking of disabled people. With a plan to potentially slash Medicaid spending through block grant funding, Trump’s measures could impact disabled Americans, the author writes.
Written by Amy Baxter