People who receive home health care during the last three years of their lives are more likely to utilize hospice care at the end of life. That’s according to a recent Rutgers Health study that was published in the Journal of Palliative Medicine. As part of the study, researchers examined a sample of over 2 […]
Though Modivcare Inc. (Nasdaq: MODV) achieved some wins last year, the company is still trying to navigate headwinds stemming from contract losses. “The root causes of these contract losses include a few MCO clients not securing their state contracts, a state health department’s decision to transition to a full broker model – favoring an incumbent […]
Axle Health — a scheduling and workforce management software for home-based care providers — has raised $4.2 million. The funding round was led by Pear and Trac VC. This latest round of funding will help Axle Health beef up its software and machine learning engineering team. Axle Health allows providers to arrange home-based care visits […]
Carewell — an ecommerce platform for caregiving products — has closed a $24.7 million series B funding round. The funding round was led by the principals of MBF Healthcare, with participation from existing investors Sageview Capital and Headline, among others. This latest round of funding will drive Carewell’s goal of streamlining access to home health […]
Recognizing the need for a streamlined hospital-at-home supply chain network, Cardinal Health Inc. (NYSE: CAH) launched Velocare in 2022. Since that initial pilot run, Velocare has experienced significant growth. At the same time, Cardinal Health is also making major strides in its overall mission to be a driver of at-home care. Broadly, Velocare technicians deliver […]
In 2023, Right at Home’s caregiver count checked in at 45,453 across the company’s vast franchise network. The company is now hoping to add at least 26,000 caregivers to meet the current demand for care services by the end of 2024. The impetus behind Right at Home’s hiring initiative was the increased growth in client […]
Home health providers often make mistakes that leave money on the table at best, and at worst, lead to financial ruin. However, providers that learn to avoid these stumbling blocks will be better positioned to achieve longevity and financial stability. In general, the home health consulting firm SimiTree has noticed an increase in the amount […]
More than a dozen home-based care companies have earned a spot on Entrepreneur’s 45th annual Franchise 500 rankings. Their inclusion on this list points to the fact that home-based care franchise networks are some of the fastest growing in the country. In order to be ranked on the list, a franchise company needs to be […]
Medicare Advantage (MA) supplemental benefits have expanded and evolved over the last five or six years, but there’s a need to concretely prove their value. One way to do so would be by mirroring the regulatory model state Medicaid programs use for home- and community-based services. That’s one of the key takeaways from a report […]
Dina — a digital network management company for home- and community-based services — recently closed a $7 million funding round. The round was led by venture capital investor First Analysis, with participation from existing investors Osage Venture Partners and First Trust Capital Partners. Dina also counts SCAN Group as one of its investors. The organization […]
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