In early January, the Federal Trade Commission (FTC) proposed a ban on non-compete agreements nationwide. The rule is likely to be finalized. When and if it is, it is also likely to have a massive effect on the home health and home care industries. Such a move would not just hurt companies by allowing leaders […]
Two factors are having a substantial impact on home health care M&A right now — one affecting the seller and one affecting the buyer. Each is largely out of home health providers’ hands. The first is interest rates and general market conditions, and the other is the U.S. Centers for Medicare & Medicaid Services’ (CMS) […]
Simon Close is the new president of senior care at 24 Hour Home Care. He’ll take the helm of the private-pay business at one of the larger home care companies on the West Coast, and a company with nationwide aspirations. His journey is an unlikely one. Not only did he not come up in personal […]
The federal courts have been busy of late, especially when it comes to convicting home health owners and operators for wage-fixing, fraud, kickbacks and other illegal schemes. One of the most recent examples is Akop Atoyan, the former co-owner of a Sacramento-based home health and hospice agency. He pleaded guilty last week to one count […]
UnitedHealth Group’s (NYSE: UNH) deal for LHC Group Inc. (Nasdaq: LHCG) reportedly could still close in the first quarter. Each party has certified “substantial compliance” and no divestitures are expected, according to a Dealreporter item for last week, which cited sources familiar with the matter. As that deal does come to a close, the home […]
On Thursday, the American Journal of Infection Control released a troubling study on home infusion delivery. The study’s findings seem – at the surface – like bad news for care-at-home progress. But after speaking with one of the study’s co-authors, what I’ve found is an opportunity for home-based care providers. Some believe that home health […]
While the home health sector deals with rate cuts, the home care industry is fighting its own monetary battle: the rising cost of services. That’s just one dynamic that could change the way home care agencies do business in the new year. At the same time, providers are also investing in what they believe to […]
Home health providers have been directing ire at Medicare Advantage (MA) plans for some time over what they consider unfair rates for their services. However, especially over the last year, there’s a new target – and that’s conveners. Broadly, conveners are the middlemen between home-based care providers and MA plans. At their best, they make […]
Home health care’s 2022 was dimmed by the dark cloud of Medicare rate cuts. That cloud still hangs overhead in 2023. To weather the storm, providers are scrambling to find answers to persistent problems, namely staffing shortages. At the same time, they’re renegotiating arrangements with Medicare Advantage (MA) plans and pivoting from certain service lines […]
One of the deals responsible for self-directed care momentum in 2022 has been axed. In September, it was announced that the special acquisition purpose company (SPAC) DTRT Health Acquisition Corp. (Nasdaq: DTRT) would be merging with Consumer Direct Holdings (CDH). A new aging-in-place public company would be formed, reportedly one worth $681 million. That is […]
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