Nearly All Community-Based Providers Faced Moderate To Severe Staffing Shortages In 2023

At the beginning of 2024, staffing woes remain acute for home- and community-based care providers. ANCOR, an advocacy organization for over 2,000 community-based providers, recently released “The State of America’s Direct Support Workforce Crisis 2023,” which detailed how home- and community-based providers are faring in the staffing department. The report surveyed nearly 600 providers, and […]

Home Health Spending Begins To Climb Again Post-Pandemic

After stalling in 2021, spending on home health care returned to a more normalized growth rate in 2022, according to a new analysis from the Office of the Actuary at the Centers for Medicare & Medicaid Services (CMS). Specifically, national health expenditures on home health care increased by 6% to $132.9 billion in 2022. In […]

InnovAge Acquires ConcertoCare PACE Programs

InnovAge (Nasdaq: INNV), one of the largest providers of the Program of All-Inclusive Care for the Elderly (PACE) model, is expanding its footprint even further. On Friday, InnovAge announced it is acquiring two PACE programs in California from ConcertoCare, which is also a provider of home care and home-based primary care. “The addition of ConcertoPACE […]

Home Health Industry Unscathed In Latest CMS Improper Payments Report

The Centers for Medicare & Medicaid Services (CMS) released its improper payment report last week. It was another win for the home health industry, which has become less of a culprit in the reports over the years. Overall, the Medicare fee-for-service (FFS) estimated improper payment was 7.38%, or $31.2 million. That was the seventh consecutive […]

Home Health, Hospice M&A Is Historically Slow As 2023 Comes To Close

Home health and hospice agencies – especially quality ones – remain highly valuable assets. But thus far, through nearly all of 2023, M&A trends have not reflected that. There were only two transactions in hospice in the third quarter, and just four in home health care. Those were both record low totals, according to a […]

With Optum Acquisition Pending, Amedisys Continues To Grow Non-Medicare, High-Acuity Care Revenue

Amedisys Inc. (Nasdaq: AMED) continues to make significant process in its high-acuity care business through its subsidiary Contessa Health. The company posted its third-quarter earnings late Tuesday, which highlighted 35% year-over-year growth in the high-acuity care segment. Overall, Amedisys admitted 580 high-acuity patients in the quarter in 11 JV markets. The high-acuity care segment, as […]

Contessa Co-Founder Travis Messina Takes Over as CEO of Regent Surgical Health

Travis Messina co-founded Contessa Health as a hospital-at-home startup in 2015. He served as CEO until March 2023, helping to grow the business into a higher-acuity care innovator with joint venture partnerships with some of health care’s biggest names. Messina now finds himself leading another organization. The Franklin, Tennessee-based Regent Surgical Health announced Monday that […]

Cigna Is Leveraging Its Scale To Provide Care In The Home

The Cigna Group (NYSE: CI) is leveraging its ubiquity to push care into the home. “Unlike many of our competitors, we directly employ hundreds of field-based infusion nurses,” Cigna Chairman and CEO David Cordani said during the company’s second-quarter earnings call Thursday. “Today, they are located within 75 miles of approximately 90% of the U.S. […]