The Department of Health and Human Services (HHS) will issue $106.7 million this year in grant awards to 46 states to expand home visiting services to women during pregnancy and to parents with young children up to age five. Grant awards also apply to the District of Columbia, and five jurisdictions as part of the Maternal, Infant, […]
Home-based primary care (HBPC) reduces Medicare costs for ill seniors, a new report finds. A HBPC model led to 17% lower total Medicare costs over two years based on the study’s elderly participants, according to the report “Effects of Home- Based Primary Care on Medicare Costs in High-Risk Elders,” published in the The Journal of American Geriatrics […]
Home and community-based services provider Addus HomeCare Corporation (Nasdaq: ADUS) on July 31 reported an increase in revenue over the prior year for the quarter ended June 30, attributing part of its performance to the recent acquisition of Aid & Assist in Tennessee. Total net service revenues from continuing operations for the second quarter of 2014 […]
A global venture investment group of a wireless technology company is investing an undisclosed amount in India’s growing provider of home health care. Qualcomm Incorporated, through its venture investment group, Qualcomm Ventures, has made an investment in India’s Portea Medical. Portea Medical has an 18-city network, and CEO and Co-Founder Meena Ganesh has said in […]
The Centers for Medicare & Medicaid Services (CMS) announced today that it is issuing a six-month extention of its moratoria for newly enrolling home health agencies in specified geographic regions, effective immediately. CMS used this Affordable Care Act tool twice before as part of its efforts to fight fraud, safeguard taxpayer dollars and ensure access […]
Massachusetts has a higher rate of discharge from hospitals to other health care facilities relative to the national average, indicating an opportunity for better management of post-acute care, according to the state’s Health Policy Commission’s supplemental report released this month. The recent analysis is based on the state’s 2013 cost trends report. Massachusetts hospitals are 2.1 times as likely as […]
The Social Security and Medicare Boards of Trustees annual review of the programs finds Medicare is projected to have sufficient funds four years longer than what was projected last year; and reports no change from the 2013 report’s projection that Social Security funds will be exhausted in 2033. The new projection for the Medicare Hospital Insurance (HI) […]
Invacare, a manufacturer and distributer of long-term care and home medical equipment (HME), reported a second quarter loss in the North American HME sector. Net sales for the second quarter ending June 30 decreased 3.9% to $331.3 million versus $344.8 million for the same period last year. The company’s first quarter earnings also decreased from the […]
A home medical equipment (HME) software and services provider entered an exclusive agreement with the American Association for Homecare (AAHomecare) to address audit issues in the HME industry. Brightree entered into the agreement with AAHomecare to be the information technology (IT) lead in shaping its HME Audit Key service. The HME Audit Key was born out […]
Arizona-based home health company Sinfonia Healthcare Corporation (NASDAQ:PRSC) is launching operations beyond the Grand Canyon state into Virginia. Sinfonía announced its newest home health operation, Sinfonía Family Services of Virginia, Inc,. on Wednesday. The Farmville, Va.-based operator will offer services statewide, including home-based and school-based counseling, substance abuse treatment, medical services for the mentally ill, […]
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