Home health, hospice and personal care giant Amedisys Inc. (Nasdaq: AMED) has entered a definitive agreement to acquire Asana Hospice. The financial terms of the deal — slated to close Jan. 1, 2020 — were not disclosed. Asana is a hospice care provider with locations in Pennsylvania, Ohio, Missouri, Kansas and Texas. As a part […]
Democratic presidential hopeful and South Bend, Indiana mayor Pete Buttigieg, unveiled his plans to provide older adults access to long-term care, including in-home care, on Monday. For now, it’s unclear how much Buttigieg’s plan will cost. The candidate released a set of policy proposals — Dignity and Security in Retirement — that aims to lessen […]
LHC Group expands joint venture LHC Group (Nasdaq: LHCG), Texas Health Resources and Methodist Health System have agreed to purchase and share ownership of Healthcare Resources, an Arlington, Texas-based home health provider. DFW Home Health — a separate legal entity jointly owned by LHC Group, Texas Health Resources and North Texas Health Facilities Management Inc., […]
A trustworthy reputation plays a key role in the success of in-home care agencies. But a company’s online presence can easily undermine that reputation impact its overall bottom line. Carl White, the founder and president of MarketVisory Group Inc., discussed the topic earlier this month during the Private Duty Symposium in Naperville, Illinois. The symposium […]
Over the years, the idea that “less is more” has been the driving factor for Cantata Adult Life Services’ Take2 care-sharing model. The company has been able to thrive by innovating its home care model and offering its clients a unique service. Cantata — formerly The British Home For Retired Men And Women — has […]
Despite the growing professional home care industry and relatively affordable rates, family caregivers still provide tens of billions of hours of unpaid care annually, a new report from AARP has found. And that care is valued at an estimated $470 billion — more than both the total out-of-pocket spending on health care in the U.S. […]
The Patient-Driven Groupings Model (PDGM) is overshadowing the rapid evolution of the industry’s largest home health providers. Over the past several years, home health giants Amedisys Inc. (Nasdaq: AMED), Encompass Health Corp. (NYSE: EHC) and LHC Group (Nasdaq: LHCG) have each graduated from relatively one-dimensional enterprises into fully integrated aging-in-place companies that operate across the […]
The Patient-Driven Groupings Model (PDGM) will largely come and go, leaving ample growth opportunities in its wake for the market’s biggest home health providers. With that in mind, LHC Group Inc. (Nasdaq: LHCG), has its long-term sights set on landing more value-based payment agreements. That’s according to CFO Joshua L. Proffitt, who discussed PDGM, LHC […]
Over the years, Addus HomeCare Corporation (Nasdaq: ADUS) has faced its fair share of Illinois budget woes. But the company has finally received some positive news, announcing Monday that the Centers for Medicare & Medicaid Services (CMS) has approved two Illinois budgeted rate increases for the next couple years. Combined, the Frisco, Texas-based Addus expects […]
A bill that would eliminate Medicare’s physician-certification policy has drawn industry-wide support. But the Centers for Medicare & Medicaid Services (CMS) may first opt to test non-physician certification through Medicare Advantage (MA) in lieu of traditional Medicare. The Home Health Care Planning Improvement Act of 2019 — H.R. 2150 — was introduced in April. If […]
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