There’s a potential storm brewing in New York state due to Gov. Kathy Hochul’s executive budget for 2025. The budget proposal includes over $1 billion in cuts to the states’ home care programs. The move is an effort to reduce Medicaid spending. The budget proposal cuts, which was released on Jan. 16, would directly impact […]
Despite the rising cost of home care services, some high-end and concierge home care agencies have been able to maintain their market footholds. After years of increasing costs, the services costs across many senior care sectors have begun to stabilize. Home care, however, is a notable exception. Last year, home care aide services saw a […]
Enhancing partnerships with government and preferred payers to create additional caregiver capacity. Identifying cost efficiencies and synergies. Managing capital structure. Engaging company leaders and employees. As Aveanna Healthcare Holdings (Nasdaq: AVAH) enters the second year of its strategic transformation, these are the four primary strategies the company is focused on. In 2023, Aveanna implemented a […]
The House of Representatives’ Ways and Means Committee held a hearing Tuesday focused on enhancing access to care-at-home in rural and underserved communities. The topic of the hearing is especially pressing because individuals living in rural communities often face barriers that prevent them from receiving adequate care. “For patients in rural and underserved communities, bringing […]
At Addus HomeCare Corp. (Nasdaq: ADUS), the more recent ability to hire caregivers has been a major tailwind. “Being able to hire caregivers has turned around what we saw for a period of time during the pandemic, which was very little volume growth, but a lot of revenue growth from increases from states because of […]
While the environment surrounding home care continues to evolve, the services being delivered largely remain the same. That’s why Tribute Home Care’s CEO, John Sneath, has largely focused on perfecting the wheel rather than reinventing it. Tribute was founded in 2012, as the brainchild of Sneath, who served as president and COO of HouseWorks for […]
Nova Leap Health Corporation is actively pursuing M&A opportunities. That’s one of the main takeaways of a public letter that the company’s CEO and president, Chris Dobbin, recently penned to shareholders. Nova Leap is a Canada-based home care organization that has been growing in the U.S. The company has operations in Nova Scotia and 11 […]
Payer innovation success, continued progress with its people strategy and strong performance with quality outcomes. According to Enhabit Inc. (NYSE: EHAB) leaders, these areas were the company’s key achievements in 2023. On the payer innovation front, CEO Barb Jacobsmeyer credits Enhabit’s hospital readmission rate for the company’s success when negotiating with payers and conveners. “Our […]
The most compelling and innovative leaders in home health care don’t just inspire the people who work at their companies, they also catch the attention of fellow industry leaders. These leaders have earned the high esteem of their peers by hurdling operation challenges in the space, creating impressive recruitment initiatives, consistently embracing new ideas and […]
At Addus HomeCare Corp. (Nasdaq: ADUS), Medicaid makes up almost all of the revenue in its personal care business. Instead of looking towards the private-pay market, Addus remains committed to its current business structure. “Today 2%, or so, of our business is what would be called private-pay,” Addus CEO Dirk Allison said during a discussion […]