Ahead of the Amedisys Inc. (Nasdaq: AMED) earnings call, the company made waves by announcing that it signed a definitive agreement to divest its personal care segment to HouseWorks on Wednesday. The divestiture will reportedly net the company $50 million. During Thursday’s earnings call, Amedisys Chairman and CEO Paul Kusserow offered more details about the […]
For home care providers, data-based operations are becoming key to long-term success. Now more than ever, home care leaders are being asked to quantify what their organizations bring to the table. “[Referral sources and payers] are saying, ‘You need to be able to quantify what you do in order for you and us to be […]
It’s been two years since Advocate Health Enterprises acquired Senior Helpers. Since then, the home care franchise has entered a new phase. While this wasn’t the first time Senior Helpers has been on the other end of an acquisition — the company has been sold three times in its history — it was the first […]
With providers, payers, private equity firms and retailers all having an eye on home-based care sellers, industry stakeholders anticipate that 2023 will be another busy year for M&A. Last year, 99 home-based care deals and 38 hospice deals took place. So far, 2023 M&A activity seems to be starting off comparable to 2022, according to […]
Amid a difficult workforce environment, Jet Health isn’t just employing one strategy to combat staffing challenges. The company is beefing up its benefits packages and creating paths for future leaders as part of its efforts. That’s because its CEO, Stacie Bratcher, believes the workforce issues are long-term ones, and that there will never be a […]
The home health final rule will have a lasting effect on providers’ bottom lines. The U.S. Centers for Medicare & Medicaid Services (CMS) released its 2023 final payment rule for home health care in late October. Many providers believe that the final rule will have an impact on their business in the near- and long-term […]
In a move to address the shortage of health care professionals, a new House bill — the Kentucky Healthcare Workforce Development Act — has been introduced in the state. Broadly, the legislation aims to combat workforce shortages by building a public-private partnership that will increase workforce training and education initiatives. “This bill kickstarts career paths […]
After much anticipation, OASIS-E finally went live at the start of January. So far, home health providers’ experiences have been a mixed bag. Broadly, OASIS-E was implemented on Jan. 1, 2023, and lines up with the nationwide expansion of the Home Health Value-Based Purchasing (HHVBP) Model. Prior to the implementation of OASIS-E, many providers began […]
Waud Capital Partners has partnered with former Cornerstone Healthcare Group CEO Steve Jakubcanin. The aim of the partnership is to grow a business in the broader home care and post-acute services market. Waud Capital plans to inject more than $100 million of equity capital to support the venture. “Waud Capital’s executive partnership approach, dedicated ecosystem […]
Contessa Health, a subsidiary of Amedisys Inc. (Nasdaq: AMED), has teamed up with Virginia Mason Franciscan Health (VMFH) to launch VMFH Home Recovery Care at the Tacoma, Washington-based St. Joseph Medical Center. The Nashville, Tennessee-based Contessa specializes in shifting higher-acuity care into the home. On average, the company’s model lowers readmission rates by 44% and […]
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