New Mexico is increasing its reimbursement rates for providers that bill Medicaid in the state. Overall, providers are set to get an additional $409 million in reimbursement. The increases will start taking shape on claims made on or after July 1, 2023. Another rate hike is expected in the future for CY 2025. “Thanks to […]
The home care provider Best of Care is expanding its portfolio once again, this time on its 43rd anniversary. On Wednesday, the company announced that it had acquired Barton’s Angels, also a home care provider. Best of Care has diversified its portfolio through acquisition over recent years. Through TUCKed In Eldercare, it offers care management. […]
CVS Health (NYSE: CVS) held its investor day Tuesday, which included company leaders’ ambitious plan for the future. That plan includes a synchronization of its health care delivery arm with the rest of the enterprise, and that health care delivery arm, of course, includes home-based health care. “We said we wanted to be in primary […]
Most Americans will need some sort of in-home care support as they age. The issue is that many of them cannot afford it. To age in place, seniors either need to be completely independent or have some sort of personal care afforded to them. If they qualify for Medicaid, home- and community-based services are an […]
Humana Inc. (NYSE: HUM) remained in the headlines Friday, this time after being linked to Walmart (NYSE: WMT) in potential deal talks. Earlier this week, it was confirmed that Cigna Group (NYSE: CI) and Humana Inc. (NYSE: HUM) have already been in touch about a potential combination. But on Friday morning, the research advisory company […]
This article is a part of your HHCN+ Membership Over the last week, a potential Cigna Group (NYSE: CI) and Humana Inc. (NYSE: HUM) combination has gone from a rumor to a real possibility. After I reported on the topic for Home Health Care News on Tuesday, Reuters and The Wall Street Journal confirmed that […]
UnitedHealth Group (NYSE: UNH) had its annual investor day Wednesday. While the event has included much about home-based care in the past, this time, home health care gained an even brighter spotlight with LHC Group President and CEO Josh Proffitt presenting. Company leaders spent the day tying home-based care to all sorts of initiatives: to […]
Rumors suggesting that Cigna Group (NYSE: CI) and Humana Inc. (NYSE: HUM) are in talks to combine are swirling. Nothing is official yet, but the combination of two of the largest insurers in the country would have significant ripple effects on the home health industry, for a variety of reasons. On Nov. 6, Reuters first […]
Home health providers’ battle for fair reimbursement from Medicare Advantage (MA) plans will be a “generational battle,” and not one they will win overnight. But, at least for larger home health providers, their strategies in that battle are much more definitive than they were even a few years ago. Luke James, the president of VitalCaring, […]
Over the next few months, home health M&A is expected to tick back up. Now that the final rule has been published, buyers and sellers have at least some certainty on reimbursement for the near-term future. Before sellers are approached, there’s a few things they need to know. Going in blind can lead to a […]
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