As the health care industry continues to place increased value on lowering hospital readmission rates and curbing costs, companies that aid in those efforts are making a name for themselves — especially among investors. Such is the case for Health Recovery Solutions (HRS), who recently received a $10 million Series B investment from Edison Partners. […]
In the midst of an increasingly dire caregiver crisis, 2019 has seen a number of labs and training programs launch for home-based care workers and nurses. Among the latest is thanks to LHC Group Inc. (Nasdaq: LHCG), which teamed up with South Louisiana Community College (SLCC) to form a new home health lab that will […]
Despite the exceedingly high demand for their services, one in six U.S. caregivers lives in poverty. That’s according to new data from PHI, a New York-based national research, consulting and direct care advocacy organization. The organization releases an overview of wage and employment trends in the U.S. home care workforce annually. The research gleans information […]
Walmart Inc. (NYSE: WMT) — which reportedly came somewhat close to becoming a home health provider in its own right last year — is diving deeper into the health care sector. Last week, the retail giant confirmed plans to open up a new health clinic, dubbed Walmart Health, in Georgia. CNBC first reported the news […]
Nix Health reportedly told the state of Texas that it plans to close down its home health operations. Nix Health has five facilities located in San Antonio: Nix Medical Center, Nix Specialty Health Center, Nix Alamo Heights, Nix Sleep Center, Nix Primary Care Center and Nix North Orthopaedic Center. In a move expected to impact […]
Policymakers may have opened the door for home care-focused supplemental benefits under Medicare Advantage (MA), but many plans are still scrambling to figure out how to incorporate them. One home care company, Synergy HomeCare, has taken an active roll in the creation of these MA plans. Founded in 1999, Synergy is a Gilbert, Arizona-based non-medical […]
As Medicare Advantage (MA) continues to expand rapidly, home health providers will need to develop strategic plans in order to secure successful contracts with plans. “One of the very important pieces here is determining your strategy and learning about your markets,” Paul Giles, director of home health finance and business operations at Dignity Health, said […]
This year’s edition of Inc. magazine’s annual list of the 5,000 fastest-growing privately held companies in the U.S. featured a number of in-home care providers that have made jaw-dropping business gains. To earn a spot on the 2019 Inc. 5000 list, released earlier this month, companies had to be privately owned, U.S.-based and independent, meaning […]
Frisco, Texas-based Addus HomeCare Corporation (Nasdaq: Adus) has signed a definitive agreement to purchase Hospice Partners of America LLC for $130 million cash, the multi-state home care services provider announced Monday. The move is yet another example of how hospice is outpacing home health care on the M&A front. Frisco, Texas-based Addus is primarily a […]
Johns Hopkins has earned a reputation as a world-renowned health system, but it’s also on the cutting-edge of home-based care and medicine with its multi-service home care provider, Johns Hopkins Home Care Group. And one of the provider’s current top objectives: addressing the industry-wide workforce shortage through a number of recently launched programs. Johns Hopkins […]
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