While waiting for UnitedHealth Group’s (NYSE: UNH) purchase of it to finalize, Amedisys Inc. (Nasdaq: AMED) continues to grow its home health segment – primarily through non-Medicare revenue – and its higher-acuity care segment. The company reported its first-quarter earnings late Wednesday, which showed a 10% increase in total same store admissions in home health […]
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The hospital-at-home movement continues to gain steam. Boston Medical Center (BMC) on Wednesday announced the launch of its new hospital-at-home program. The initiative is aimed at providing high-quality medical care to patients in the comfort of their own homes. “BMC Hospital at Home is anchored in BMC’s commitment to deliver transformative models of care that […]
The Pharos Capital-backed home health provider Charter Healthcare recently filed for bankruptcy. A petition for Chapter 7 bankruptcy was filed in the Federal District Court of Delaware in late January, Home Health Care News’ sister site Hospice News first uncovered. Filings were found in eight different states, spanning the Rancho Cucamonga, California-based Charter’s former footprint. […]
Last September, the post-acute providers Empath Health and Trustbridge signed a memorandum of understanding to begin an affiliation process. On Monday, that affiliation process was completed, forming the largest nonprofit post-acute provider organization in the state of Florida. Together, the organization will care for 5,000 patients daily and employ more than 5,000 staff members and […]
The insurance policy management company illumifin has released its 10th annual cost of care study, which saw the cost of home care increase more than other industries. illumifin’s study, which “gathers tens of thousands of data points from care providers nationwide,” found that the cost of a home care aide rose by more than 5% […]
Float Health, a nurse staffing and pharmacy referral startup, has landed $10 million in a Series A led by Canvas Ventures. As part of its business model, San Francisco-based Float helps patients receive care in their homes by contracting with registered nurses and scheduling shifts. The company was founded in 2021, and operates in California […]
The latest episode of the Disrupt podcast is now available! For this episode of Disrupt, we caught up with John Sneath, the founder and CEO of Tribute Home Care. During the conversation, Sneath provides a unique perspective on his home care agency, and why it may be approaching things a bit differently than others. Listen […]
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 […]
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 […]
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 […]
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