The home health industry won a major victory in its battle to scrap widely opposed provisions of the Patient-Driven Groupings Model (PDGM) Wednesday, as a group of bipartisan House lawmakers introduced a new bill targeting the payment overhaul’s behavioral assumptions. Introduced by Reps. Terri Sewell (D-Ala.), Vern Buchanan (R-Fla.) and Ralph Abraham (R-La.) — along […]
In the midst of its ongoing turnaround strategy, Brookdale Senior Living Inc.’s (NYSE: BKD) home health and hospice segment appears to be on an upswing. If the trend continues, analysts say, the large senior living provider may look to spin off its health care services line down the road — or sell it. In many […]
Individuals who jump ship from traditional Medicare to Medicare Advantage (MA) typically spend less on health care in the year prior to their switch, a new issues brief from the Kaiser Family Foundation suggests. This may mean those enrolled in MA plans are healthier than their Medicare peers — and less in need of the […]
Similar to others throughout the home care industry, top executives from Addus HomeCare Corporation (Nasdaq: ADUS) remain excited about emerging Medicare Advantage opportunities. The Frisco, Texas-based company currently has contracts with large MA Plans to provide personal care services to their members during 2019 and continues to receive referrals under these contracts, Addus President and […]
Arosa+LivHome announced Monday it has acquired Forever Young Home Care, a move that expands its North Carolina footprint and adds further scale to the up-and-coming in-home care provider’s operations. Financial terms of the deal were not disclosed. Backed by Bain Capital Double Impact, Arosa+LiveHome was formed in October 2018 after the combination of two regional […]
LHC Group Inc. (Nasdaq: LHCG) is leaning even further into its joint venture strategy, a major calling card for the Lafayette, Louisiana-based home health, hospice and personal care giant. LHC Group announced Thursday it has entered into an agreement to acquire home health and hospice assets from SSM Health, a multi-state health system based in […]
Cornerstone Healthcare — the large in-home care provider organization under The Ensign Group Inc. (NYSE: ENSG) umbrella — is actively seeking opportunities to acquire both well-performing and struggling home health, hospice and home care operations across the United States. That’s according to Cornerstone President and CEO Daniel Walker, who hinted at future M&A moves following […]
At-home care providers are often lauded for their ability to prevent re-hospitalizations and drive down health care costs by allowing older adults to safely age in their existing homes and communities. As it turns out, their services are having a much broader impact on the U.S. economy, especially when it comes to the real estate […]
Amedisys Inc. (Nasdaq: AMED) posted strong Q1 2019 financial results on Tuesday, with home health revenues buoyed by a 6% rise in same-store total volume. Despite a solid quarter, the company’s stock values were down 6.21% nearing end-of-day Wednesday, trading at $119.88 per share. Headquartered in Baton Rouge, Louisiana, Amedisys held a conference call with […]
Three additional home health agency owners have been sentenced to a combined 117 months in prison for their roles in multi-million dollar fraud schemes. The recent sentencings bring April’s home health-related fraud cases to at least five overall, a total that broadly reflects the increased scrutiny and oversight the industry currently faces. On April 22, […]
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