Editor’s Picks: President Trump
Sending off the old. That’s what happened on Jan. 20 as President Donald J. Trump was sworn into office and the former president Barack Obama left Washington, D.C., for Palm Springs, California.
No matter the politics, we brought readers the latest and greatest from the home health industry.
We kept you in the know about an acquisition of a major pediatric-focused home health care provider. Another top headline was the high number of home care franchises that were ranked on Entrepreneur magazine’s Top 500 Franchise list.
Epic Merges with PSA to Create Pediatric Home Health Powerhouse—Epic Health Services, the nation’s largest pediatric-focused home care company, is merging with PSA Healthcare to achieve even greater scale. The new entity will be an affiliate of Bain Capital Private Equity, which acquired Epic in late 2016.
Right at Home Leads Home Care in List of Top Franchises—Home care companies once again were frequently listed as top franchise opportunities on Entrepreneur magazine’s Top 500 Franchise list for 2017. This year, a whopping 21 home care franchises made the list, with seven franchises making the top 100 and several seeing their rank jump from 2016.
MedPAC Recommends 5% Payment Cut for Home Health—After declaring home health margins were too high, members of the Medicare Payment Advisory Commission (MedPAC) voted to affirm their recommendation to lower home health payments during a recent meeting. The decision builds off the commission’s previous sentiment that home heath payments have been too high for several years.
Around the Web
Senior Centered: Companies Seek Niche Amid Growing Need for Home Health Services—New home care franchises well known for their focus on technology, such as Hometeam and Vitalize Health, are part of a greater trend of health care delivery that solves specific problems and fulfills niche markets, NJBIZ reported.
Edmonton Considers New ‘Pork Chop’ Lots for Seniors Housing—One town if considering new zoning that would allow seniors to divide their housing plots to downsize and still age in place. Seniors would be able to sell their home but remain in a separate lot in a smaller home. The divided lots resemble pork chop shapes.
Written by Amy Baxter