Addus Homecare Corp. (Nasdaq: ADUS) leaders believe that, no matter who won the recent presidential election, their company would have been set up well for the future. With that said, the Medicaid Access Rule may now be going away due to Donald Trump’s win, as well as the 80-20 provision. “We really didn’t care so […]
VitalCaring Group – the home health and hospice company led by April Anthony – got caught in the crosshairs of the U.S. Department of Justice (DOJ) this week. The company responded, however, defending its current state and re-emphasizing where it plans to go. VitalCaring agreed to acquire divested assets from Amedisys Inc. (Nasdaq: AMED) in […]
The U.S. Department of Justice (DOJ) and four state attorneys general filed a lawsuit to block UnitedHealth Group’s (NYSE: UNH) acquisition of Amedisys (Nasdaq: AMED) this week. The DOJ’s complaint is thorough, with some compelling arguments, and some less so. Home health veterans have been predicting consolidation of the fragmented industry for a long time. […]
Formerly U.S. Medical Management, the home-based care company HarmonyCare raised $200 million in June. On Wednesday, it touted its success in the Accountable Care Organization (ACO) “REACH” Model, the successor to the The Global and Professional Direct Contracting Models (GPDC). Put forth by the Centers for Medicare & Medicaid Services (CMS), ACO REACH gives private […]
The Department of Justice (DOJ) officially sued Tuesday to block UnitedHealth Group’s (NYSE: UNH) takeover of Amedisys (Nasdaq: AMED), calling the deal “presumptively anticompetitive and illegal.” In its complaint, the DOJ laid out multiple gripes it had with the deal, indicating that it would negatively impact patients, payers and home health workers. “We are challenging […]
The Department of Justice is reportedly prepping a lawsuit to block UnitedHealth Group’s (NYSE: UNH) takeover of Amedisys (Nasdaq: AMED). Bloomberg first reported the news. Its report, citing anonymous sources, says that the Amedisys and UnitedHealth Group leaders did meet with DOJ officials last week. That meeting did not change the DOJ’s mind, however. UnitedHealth […]
The Cigna Group (NYSE: CI) said on Monday that it is officially not pursuing a combination with Humana Inc. (NYSE: HUM). That means that CenterWell Home Health, one of the largest home health entities in the country, will not be changing hands. Together, Cigna and Humana would have become one of the largest health care […]
Non-Medicare and high-acuity care revenue continue to grow substantially at Amedisys Inc. (Nasdaq: AMED). While the company waits to become a part of UnitedHealth Group (NYSE: UNH) – in a $3.3 billion billion deal – it has repeatedly reported significant gains in those two areas. In the third quarter, total same-store home health admissions increased […]
Enhabit Inc. (NYSE: EHAB) has a new CFO and a somewhat new strategy. It still faces a lot of the same problems. On Thursday, CEO Barb Jacobsmeyer said the company would be closing or consolidating certain locations that are underperforming, specifically when it comes to traditional Medicare business in home health care. While its payer […]
Donald Trump will take over the presidency again in January. There will be many implications for home-based care providers, and details from Trump’s first presidency will help project those. In the weeks leading up to the Nov. 5 election, Trump and Kamala Harris battled over home-based care. Specifically, Harris suggested a personal home care benefit […]
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