Must-Read News: Financial Literacy Tied to Lower ER Rates

Happy Monday, Home Health Care News audience. Get a jump-start on your week with our must-read news. See what headlines caught our eye around the web and keep reading to see our top stories from last week.

A new study found that older adults with higher financial literacy tend to have lower hospitalization rates. The study, published in Medical Care, underscores an important determinant of health outcomes as most providers are continuing to seek ways to reduce hospitalization rates and costs.

While many health care providers have turned to ride-sharing companies like Uber and Lyft to help them connect better with patients and reduce missed appointments, seniors in Arizona reportedly are having a hard time catching a ride. That’s because many seniors don’t own smartphones to access the apps and the rise of ride-sharing has coincided with a downturn of available traditional taxis, AZ Central reported.

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Amazon (Nasdaq: AMZN) has been looking for ways to break into the health care space with home care stakeholders watching their every move. However, the ecommerce retail giant’s B2B service line, Amazon Business, is already serving a million business customers and streamlining the supply chain process.

Encompass Health (NYSE: EHC) is executing on a new playbook to drive collaboration between its inpatient rehabilitation facilities (IRFs) and home health agencies, CEO Mark Tarr told Home Health Care News.

Private equity powerhouse KKR has acquired Nashville-based Envision Healthcare Corporation (NYSE: EVHC), one of the largest doctor-staffing companies in the United States with roughly half a dozen in-home care entities under its umbrella, in a $9.9 billion deal.

Written by Amy Baxter

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