PE-Backed HouseWorks Using Innovation, Home-Modification to Propel Growth

After 20 years of serving the Boston area, private-pay in-home care company HouseWorks LLC recently expanded into the Philadelphia market. Expanded Medicare Advantage (MA) benefits, rising demand and private equity backing helped drive the strategic decision. Company leaders say innovation — from its caregiver team structure to its home-modification arm — will help propel the […]

Amedisys Fine Tuning Predictive Analytics Tool to Curb Re-Hospitalization Rates

Amedisys Inc. (Nasdaq: AMED) took its first major step into the world of predictive analytics in August when it announced a minority investment in home health-focused data science firm Medalogix. The Baton Rouge, Louisiana-based company has now started to reap the rewards of that investment. During the past few months, Amedisys has been fine-tuning its […]

Homewatch CareGivers CEO: Home Care Playing Leading Role in On-Demand Economy

The U.S. on-demand economy is booming, growing from an estimated $48 million in products and services in 2016 to roughly $75.7 billion in 2017. The home care industry has played a leading role in that boom, both through companies’ in-house efforts and their continued use of third-party services. The on-demand economy is economic activity created […]

Post Capital, Former Addus CEO Building Multidisciplinary Community Care Platform

Similar to how hospitals have different arms able to treat patients with changing needs and a variety of conditions, a new private equity partnership is aiming to create a multisite, multidisciplinary system of community care services. Led by former Addus HomeCare Corporation (Nasdaq: ADUS) CEO Mark Heaney, the PE partnership is particularly interested in adult […]

VNA Health Group Pushing Home-Based Primary, Palliative Care with $2.5M Grant

One of the largest home care and community health organizations in the country has landed additional financial support to continue building out its home-based primary care and palliative medicine offerings. Holmdel, New Jersey-based Visiting Nurse Association Health Group announced in January that it had been awarded a $2.5 million grant from the Parker Foundation to […]

Citing ‘Inadequate’ Managed Care Payments, Nonprofit Home Care Provider Announces Layoffs

Lengthy payment delays, negative operating margins and severe labor shortages have contributed to a challenging financial environment for home-based care providers doing business in the state of New York. The financial hardship has even triggered layoffs in some cases, including at one of the state’s certified home health agencies serving the largest number of patients […]

Home Health Care Agencies Threatened as Wages Rise, Reimbursements Lag

As more states push to raise the minimum wage, home-based care companies must work harder than ever to attract and retain workers as competition among employers grows. In home health care, agencies’ success often depends on Medicaid reimbursement, which is not keeping up with wage inflation in some states. And in private-pay home care, increased […]

CMS Lifts Moratoria on Home Health After 5 Years

The long-standing moratoria on new Medicare home health agencies is no longer in effect anywhere in the U.S. The Centers for Medicare & Medicaid Services (CMS) allowed the temporary ban to expire on Jan. 30, a move that will likely improve patient access to home-based care in related markets, experts say. CMS initially implemented a […]

Amedisys Closes $340M Compassionate Care Hospice Deal, Begins Integration

Amedisys Inc. (Nasdaq: AMED) — already one of the country’s largest independent home health providers — has closed on its $340 million acquisition of Compassionate Care Hospice. In doing so, the Baton Rouge, Louisiana-based company in one fell swoop dramatically expands its end-of-life care presence and becomes the third-largest hospice provider in the U.S. as […]

Insurance Risks for At-Home Care Agencies and How to Address Them

As health care costs rise unsustainably and the aging population booms like never before, the need for affordable at-home care continues to grow. But from an insurance standpoint, providing that care could soon come with more risk and a higher price tag. “There’s no specific data that is publicly available that speaks to [at-home care […]