Investment advisors speculate that a demographic shift in older Americans will provide a growth of opportunity in the home health industry. The projected U.S. senior population of 72.1 million by 2030, based on findings from the Administration on Aging (AoA), will present prominent home health care companies such as Gentiva Health Services Inc. and Amedisys […]
Various types of service providers from builders and designers of homes to reverse mortgage consultants and Realtors have showed their commitment to the future of aging-in-place as a retirement necessity. The future of aging in place with respect to the current housing market and senior housing preferences are spelled out in a study from MetLife […]
The owners and operators of two Miami health care agencies were sentenced to a combined total of more than 13 years for their roles in a $48 million home health Medicare fraud scheme, according to the Department of Justice (DOJ). Both of the Miami-Dade area, Rogelio Rodriguez, 43, and Raymond Aday, 48, were both sentenced […]
A former executive of a Tuscon-based social services provider has his sights set on acquiring several home health providers to launch a new home health company, the Arizona Daily Star reports. Fletcher J. McCusker, formerly the founder, chairman and chief executive officer of Providence Service Corp., announced last week that he has started Sinfonia Healthcare. […]
The Partnership for Quality Home Healthcare (PQHH) commended a proposed rule by the U.S. Department of Veterans Affairs (VA) that ease regulations permitting Vets to access skilled home healthcare services. The rule would allow VA to establish provider agreements with non-VA providers currently participating in their State Medicaid plan, eliminating barriers to entry that require […]
Senior care no longer entails simply caring for the elderly, but a relatively new kind of group approach including people of all ages is making headway in one New York community, write the Associated Press. Fellowship Community is an adult home located 30 miles from Manhattan in Chestnut Ridge, New York, where seniors, adults and […]
Almost Family, Inc. (NASDAQ: AFAM) reported a net income for the fourth quarter ending December 31, 2012 of $3.7 million, or $0.40 per diluted share, down from the same period in 2011. Net service revenues for the period were $86.6 million, a 3% decrease from the $89.3 million reported in the fourth quarter of 2011, […]
A recently proposed bill will grant health care providers in Washington state legal immunity to honor the last wishes of elderly patients. If approved by the full legislature, the “do not resuscitate” bill will close a loophole for senior care providers, according to the Seattle Times. In states like Washington, facilities that care for seniors—such […]
Owners of Dallas-based home health agency Alliance Healthcare Services, L.P. were sentenced last week for their roles in a nearly $1.3 million health care fraud conspiracy. From November 2008 through mid-February 2011, Alliance submitted claims to Medicare for home health services provided to Medicare beneficiaries, according to the U.S. Department of Justice (DOJ). Alliance employees, […]
Freedom Home Healthcare announced last week that its Pennsylvania operations as well as its private duty nursing services in New Jersey have merged with its sister company and will now be known as Epic Health Services. Freedom Home Healthcare will retain its name for its concierge-level services for older adults in New Jersey. “Rebranding Freedom’s […]
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