Kindred Healthcare (NYSE: KND) shareholders approved the sale of the company’s home health and hospice business to insurance giant Humana (NYSE: HUM) and two private equity groups. The approval comes after some contention among shareholders. One investor with a 5.8% stake in Louisville-based Kindred, Brigade Capital, sued to block the merger. The suit was dismissed […]
A deadline for states to comply with a 2016 Medicaid home health final rule is approaching, but the Centers for Medicare & Medicaid Services (CMS) won’t necessarily enforce all compliance areas right away, according to an announcement issued Thursday. The final rule was published on February 2, 2016, with an effective date of July 1, 2016. […]
Behavioral health challenges can compromise the wellbeing of older adults, but few home health care providers have the resources to tackle these issues. However, one senior care organization is treating homebound seniors for anxiety and depression, at no cost to the consumer, in hopes that overall wellness will improve and overall health spending will decrease. SCAN, […]
When it comes to mergers and acquisitions, hospice is hot—really hot. In fact, some new buyers entering the market are coming into the space purely because of the tailwinds and strong demographics, even if the operations they purchase aren’t profitable. That’s according to Rich Tinsley, president and CEO of Stoneridge Partners, a health care merger and […]
Many physicians only spend about one minute reviewing home health care plans, according to a new study from Johns Hopkins University researchers published in the Annals of Internal Medicine. That revelation likely isn’t a shock to home health care providers that deal with getting physicians to sign off on care plans. Communication and care coordination are […]
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Addus HomeCare Corp. (Nasdaq: ADUS), one of the nation’s largest personal care services providers, has acquired Arcadia Home Care & Staffing, a Southfield, Michigan-based provider of in-home care services. Addus, based in Frisco, Texas, acquired Arcadia for the purchase price of $18.5 million, and the transaction closed on April 1. It was funded from Addus’ […]
A bill in Louisiana that would have shifted more patients toward home health care services has failed, The Advocate reported. The state’s Senate Health and Welfare committee rejected legislation that would have lifted some of the cost burden off institutional care in the state toward more access to in-home care services. Compared to most other […]
Happy Monday, Home Health Care News readers. Kick off your week with our must-read news. Keep reading to see our top stories from last week. In January, Apple announced it formed an agreement with 13 heath systems, some with prestigious centers, that would allow Apple to download electronic health data of those systems’ patients on […]
Home health care and hospice admissions and utilization are both on the rise, according to the latest data report from Excel Health. Hospice admissions grew 4.6% from the third quarter of 2016 to the third quarter of 2017, rising to 313,500, according to the report, which is based on 100% of the most recent Medicare […]
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