Care Advantage expands into news states with acquisitions Care Advantage Inc. has broadened its footprint in Washington, D.C., and expanded into Maryland and Delaware for the first time following two new acquisitions. The private equity-backed personal care provider acquired Capital City Nurses and its sister company, Coastal Home Care, earlier this month. Financial terms of […]
With the caregiver shortage at an all-time high and Medicare Advantage (MA) opportunities expanding like never before, the Home Care Association of America (HCAOA) has been busy. Currently, the trade association — which represents the home care industry in state and federal advocacy efforts — is busy with policy initiatives to bring more workers to […]
Thrive is an HHCN series that explores the successes, struggles and strategies of home care owners and operators on the local level. Renee Rand knows all about persevering and moving forward. She lost dozens of clients and caregivers after Camp Fire — the deadly wildfire that swept through Northern California in 2018. Since then, the […]
Despite recruitment and retention remaining an industry-wide pain point, home care positions have become a major component of job growth in New York. That’s according to a recent report from the New York City Independent Budget Office (IBO), a publicly funded agency that provides nonpartisan information about New York City’s budget and tax revenues. Released […]
Denver-based startup DispatchHealth — which delivers on-demand health care to patients in the home setting — has secured $33 million in growth capital financing, led by private equity firm Echo Health Ventures. The news is the latest in a series of in-home health care funding announcements. Founded in 2013, DispatchHealth works alongside in-home nursing care […]
A bipartisan group of U.S. lawmakers has begun planting the seeds to eliminate Medicare’s physician-certification policy — which many home health industry insiders have critiqued as outdated. If successful, the move could potentially make it easier for older adults to gain access to home health care and have a major impact on providers’ bottom line. […]
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 […]
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