People who receive home health care during the last three years of their lives are more likely to utilize hospice care at the end of life. That’s according to a recent Rutgers Health study that was published in the Journal of Palliative Medicine. As part of the study, researchers examined a sample of over 2 […]
Content Type: News
GE HealthCare (Nasdaq: GEHC), which spun off of General Electric (NYSE: GE) last year, is making more investments in at-home care. On Monday, the company announced a partnership with Biofourmis, a home-based care enabler. The partnership aims to enhance care continuity in the post-acute setting with a focus on lowering the cost of care. GE […]
Though Modivcare Inc. (Nasdaq: MODV) achieved some wins last year, the company is still trying to navigate headwinds stemming from contract losses. “The root causes of these contract losses include a few MCO clients not securing their state contracts, a state health department’s decision to transition to a full broker model – favoring an incumbent […]
Axle Health — a scheduling and workforce management software for home-based care providers — has raised $4.2 million. The funding round was led by Pear and Trac VC. This latest round of funding will help Axle Health beef up its software and machine learning engineering team. Axle Health allows providers to arrange home-based care visits […]
Carewell — an ecommerce platform for caregiving products — has closed a $24.7 million series B funding round. The funding round was led by the principals of MBF Healthcare, with participation from existing investors Sageview Capital and Headline, among others. This latest round of funding will drive Carewell’s goal of streamlining access to home health […]
While UnitedHealth Group’s (NYSE: UNH) acquisition of it is pending, business still goes on at Amedisys Inc. (Nasdaq: AMED). As business does go on, more of it continues to come through payer sources other than traditional Medicare, its earnings release Wednesday showed. Based in Baton Rouge, Louisiana, Amedisys is one of the largest providers of […]
Amid much chatter regarding the classification of workers in home-based care, the U.S. Department of Labor (DOL) has clawed more than $1 million in wages from two agencies. Specifically, the DOL recovered more than $1 million in minimum and overtime wages owed to 859 home health workers employed by two Texas-based providers: Alegre Home Health […]
Home-based care workers hear a lot about direct care worker wages, often from executives. They hear less about the wages the executives are receiving themselves, however. Thanks to the Multi-Facility Corporate Compensation report from the Hospital & Healthcare Compensation Service (HCS), however, it’s possible to get a peek behind the curtain. Broadly, the report showed […]
Legacy Care Partners Acquires Superior Home Health and Superior Hospice of Texas Legacy Care Partners – which also owns Advanced Home Care – has acquired Superior Home Health and Superior Hospice of Texas. Terms of the deal were not disclosed. “We extend a warm welcome to Superior Home Health and Superior Hospice into the Legacy […]
Compassus has announced a home health and hospice joint venture with Bon Secours Mercy Health (BSMH), a Ohio-based health system. Through the new JV, Compassus will manage operations for 10 home health agencies and 11 hospice operations across five states. The news of the joint venture comes on the heels of Compassus’ partnership expansion with […]
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