The Paycheck Protection Program (PPP) was established by the Coronavirus Aid, Relief, and Economic Security (CARES) Act to encourage small businesses to keep workers on staff. Yet despite over a month having passed since the program was implemented, smaller home health and home care companies remain confused about how to employ PPP — and whether […]
Insight into how the home health industry’s large, publicly traded companies have been impacted by the coronavirus continues to roll in. The Pennant Group Inc. (Nasdaq: PNTG) was considerably affected by COVID-19 in the first quarter of 2020, leadership said during a Thursday conference call. Nonetheless, the Idaho-based company is optimistic about its near-term growth […]
The Centers for Medicare & Medicaid Services (CMS) has granted further flexibility to Medicare Advantage (MA) plans to offer more benefits to beneficiaries during the COVID-19 crisis. For home care providers, that could mean more business opportunity. The Special Supplemental Benefits for the Chronically Ill (SSBCI) program was announced in 2019 for the 2020 plan […]
The COVID-19 crisis has uprooted the health care sector and done away with most norms that existed beforehand. That goes for the workers who make up the sector, too. One developing trend to keep an eye on as home-based care plays a bigger part in keeping at-risk seniors safe is the migration of more nurses […]
Most home-based care agencies have done their best to keep staff protected from the COVID-19 virus. They’ve worked endlessly to procure PPE and manage the threat of infection, all while lacking the ability to test workers and patients. Now, agencies are starting to consider the mental health ramifications on their workers as well. For clinicians […]
The first wave of COVID-19 victims are the individuals directly impacted by the virus, the ones who contribute to the mounting death toll listed on news tickers every day. The second wave of victims, though, has yet to receive much air time. And it’s this second wave that has some home health industry insiders concerned […]
For home-based care agencies, a lot has changed over the past two months. Their day-to-day has been uprooted, financial goals have been scratched and expectations for the future have been rewritten. Likewise, M&A plans have been disrupted — but not for all. For many, the coronavirus has thrown growth plans for a loop. For some, […]
The U.S. Centers for Medicare & Medicaid Services (CMS) and the White House announced a new round of regulatory flexibilities aimed at improving care for seniors during the coronavirus Thursday. Home health agencies, however, were largely left out of the picture — again. In its announcement, CMS outlined steps it is taking to increase access […]
Like most in the health care sector, Encompass Health Corporation (NYSE: EHC) took a hit to its business in March as the COVID-19 outbreak intensified. Usually bullish on its near-term home health and hospice projections, the Birmingham, Alabama-based company is now more focused on getting back to a sense of normalcy. Encompass Health leadership detailed […]
Last week, Michigan Gov. Gretchen Whitmer announced in a press conference that some in-home care workers would be getting a $2-per-hour pay raise through June. Yet the proclamation has brought on more confusion than it has celebration. Without clarification on who exactly would benefit from the state-implemented raise, caregivers and agencies are unsure over whether […]
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