Tens of thousands of Medicaid recipients in Louisiana, many of whom rely on home care services, are being warned they may soon lose benefits due to proposed state budget cuts. The Louisiana Department of Health began mailing notices Thursday to nearly 37,000 Medicaid enrollees, informing them that their eligibility may end on July 1 because […]
Seniors have their choice when it comes to where to retire, and not all states are equal. With health care costs ranking as a top concern among retirees, some states are clear champions for seniors. Kiplinger ranked states based on several factors, including living expenses, tax burdens, health care costs, household incomes, poverty rates and […]
Undeterred by intense competition for caregivers, one home care franchise company is doubling down on its aggressive expansion plan. Amada Senior Care, a non-medical in-home care franchisor headquartered in San Clemente, California, announced last week that it has opened its 100th franchise location, in Bergen County, New Jersey. The milestone marks a major expansion push for Amada, […]
San Mateo, California-based Caring.com has been acquired by newly formed private equity group Caring Holdings, LLC, the referral service announced Tuesday. Terms of the deal were not disclosed. Caring.com is an internet-based online resource and referral service for customers looking information about care options. On a big-picture level, the move will protect competition among leading […]
In the first quarter of 2018, Amedisys Inc. (Nasdaq: AMED) saw its margins swell to their highest level since 2015. And its home health services line improved, despite lower reimbursement rates for the space. Baton Rouge-based Amedisys beat analyst expectations for the quarter, and leadership explained its margin increase as coming, in part, from greater […]
Brookdale Senior Living (NYSE: BKD), the nation’s largest provider of private-pay senior housing, is in the midst of an operational turnaround—and the performance of its home health division did not help much in the first quarter of 2018. However, the Brentwood, Tennessee-based organization’s hospice business is growing, executives said during the company’s first-quarter 2018 earnings call Tuesday. […]
Backed by a boost in billing and momentum from closing two major acquisitions in less than two months, Frisco, Texas-based Addus HomeCare Corporation (Nasdaq: ADUS) reported solid first-quarter financial results Monday. Addus leadership is looking to ink further deals this year and bullish on the possibility that Medicare Advantage plans could start offering a personal […]
LHC Group and St. Mary’s Health Network Purchase St. Mary’s Home Care Services Lafayette, Louisiana-based LHC Group (Nasdaq: LHCG) and Reno, Nevada-based St. Mary’s Health Network last week announced the finalization of an equity partnership agreement to purchase and share ownership of St. Mary’s Home Care Services, which operates in Nevada. LHC Group and its […]
Free Webinar Date: Tuesday, May 8 Time: 1 PM Central Click here to register! In an era of intense regulatory scrutiny in home health and hospice, agencies must excel at risk management to maintain a sterling reputation in the marketplace and avoid losing Medicare dollars. PEPPER reports are one of the most effective tools that […]
Patients with end-stage renal disease are faced with a seemingly impossible dilemma as their health deteriorates: try to prolong life with continued treatment or seek end-of-life comfort through hospice. Hospice care—covered by Medicare, Medicaid and most private insurers—is a benefit available to individuals with a life expectancy of six months of less. The way it’s […]
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