As the breadth and depth of home health care continues to grow, providers are exposed to an abundance of opportunities. To get a crack at that upside, however, providers will need to overcome and adapt to a litany of challenges. Those that don’t could contribute to the consolidation that the home health industry is already […]
Home health providers — and other long-term and post-acute care organizations — haven’t kept pace with other care settings when it comes to interoperability. That’s according to a recent report released by the U.S. Department of Health and Human Services (HHS). Overall, the report found that 80% home health organizations and nursing homes are implementing […]
With the start of a new year, home health leaders are looking ahead and identifying their top priorities. Some of these areas of focus will directly address last year’s challenges, and some are proactive measures that will place them ahead. At Bayada Home Health Care, these priorities include focusing on the employee experience, as well […]
Cypress HomeCare Solutions has received the Arizona Healthcare Cost Containment System (AHCCCS) American Rescue Plan (ARP) program award. The company received the award as part of partnership with Nevvon and PocketRN. Together, the companies were awarded $419,210.06. The funding will help these companies drive value-based care among the Medicaid population. “This is a demonstration grant,” […]
Two weeks after BrightSpring Health Services Inc. filed plans for an initial public offering (IPO), the company officially announced the move Wednesday. The company could be valued at up to $3.1 billion. For context, the home health provider Amedisys Inc. (Nasdaq: AMED) was valued at about $3.3 billion when UnitedHealth Group’s (NYSE: UNH) agreed to […]
Workforce pressures are a constant variable in home-based care. But today’s issues require far different solutions than yesterday’s, providers believe. For Accurate Home Care, the biggest pain point isn’t retention, it’s recruiting new nurses to hire. “If I had 200 nurses show up in my parking lot, I would hire them all without interviewing them,” […]
Home-based care is a key part of UnitedHealth Group’s (NYSE: UNH) mission to further engage with its members. That’s one takeaway from the company’s fourth-quarter earnings call Friday. Heather Cianfrocco, president of UnitedHealth Group’s health care services arm Optum, pointed out home- and community-based services as an area that UnitedHealth Group heavily invested in 2023. […]
Fortis Health has purchased Physiocare Home Health and Hospice, a Medicare-certified home health and hospice provider that operates in Indiana. Grant Avenue Capital — a middle-market private equity firm — provided the equity financing for the transaction. “We are extremely excited about the opportunity to partner with Physiocare and expand our existing services in Indiana,” […]
Home care companies have always had to deal with a gray market in senior care, or an “underground” caregiver workforce. But as the cost of providing care continues to rise, providers may find themselves in more of a bind than before. Broadly, caregivers that are part of the underground workforce are individuals who are unaffiliated […]
AccentCare appoints Saurabh Gupta as its CFO AccentCare has named Saurabh Gupta as its new chief financial officer. The appointment is effective Jan. 8, 2024. Prior to this appointment, Gupta was CFO at Envision Medical Group. Before that, he served as senior vice president for financial planning and analysis at Steward Health Care, one of […]
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