The shortage of home health aides in the industry is no secret, but the exact pace of demand will far exceed the supply of health care workers over the next few years, according to a new report from Mercer. The number of new job openings for home health aides by 2025 is expected to reach […]
Fresh off its mega-merger with Almost Family, home health care giant LHC Group (Nasdaq: LHCG) is still eyeing big mergers and acquisitions opportunities in 2018. “We might be tempted to sit back and rest on our laurels, but that’s not in our DNA,” CEO Keith Myers said Thursday during the company’s first quarter earnings call. […]
A newly proposed Medicare benefit would extend services to eligible beneficiaries for long-term care. The proposal was within a discussion draft of a bill by Representative Frank Pallone (D-NJ), released at a Wednesday roundtable discussion with aging and disability advocates. The proposal, The Medicare Long-Term Care Services and Supports Act of 2018, would establish a […]
In the midst of two major takeovers in the home health and hospice space, insurance giant Humana (NYSE: HUM) is working on expanding its Medicare Advantage benefits. Just last month, the Centers for Medicare & Medicaid Services (CMS) announced an expansion of supplemental benefits for MA plans in 2019, including the addition of non-skilled in-home […]
As recent changes across the health care system over the last few years indicate that person-centered, interdisciplinary care can improve clinical outcomes, boost patient satisfaction and potentially lower overall costs, hospice care could see an evolution ahead. Hospice has become known as the first truly interdisciplinary benefit, bringing together many types of care under one […]
As the demand for home care continues to grow, a shortage of workers in the space is putting the squeeze on many agencies. And one rising threat is the number of caregivers who are turning their backs on being employed by a traditional agency, working directly for a family instead. With median turnover in the […]
Three Miami Home Health Agency Owners Charged in Fraud Scheme Three Miami-area home health care agency owners were charged in an indictment for their alleged participation in a health care fraud scheme involving a now-defunct business, the Department of Justice (DOJ) announced in March. Ailin Consuelo Rodriguez Sigler, 39; Ziola C. Rios, 57; and Thomas […]
Online retail giant Amazon.com (Nasdaq: AMZN) reportedly got a crash course in aging during a multi-city bus tour that included input from senior living innovator Bill Thomas. The bus trip provides even more evidence that the massive online marketplace is looking to transform the age-related services landscape. Most recently, the company was rumored to be developing a “top-secret” […]
Fresh off a recently announced acquisition of a regional provider, Encompass Health (NYSE: EHC) is doubling down on its organic growth to be a competitor in the tightening home health care space. Encompass, an inpatient rehabilitation, home health and hospice care services provider based in Birmingham, Alabama, posted strong revenue growth for the first quarter, […]
Hospice providers could be getting a 1.8%, or $340 million, bump in reimbursements in fiscal year 2019, the Centers for Medicare & Medicaid Services (CMS) proposed Friday afternoon. The proposal is higher than the 1% increase given to providers in 2018. The 1.8% payment update is based on an estimated 2.9% inpatient hospital market basket […]
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