Home health agencies are planning to invest most in marketing and training of their staff in 2013 according to results from a survey published by Home Health Line. Consisting of responses from 159 home health care agencies, 52.2% said they planned to invest most of their money on education and training, with another 37.1% saying […]
Brightree, a provider or billing and business management software solutions for the home medical equipment (HME) market announced the acquisition of CareAnyware. Based in Raleigh, N.C., Care Anyware provides home health and hospice software and together creates the largest provider of cloud-based software for the post-acute care industry. Combined, the companies have 500 employees serving nearly […]
Kindred Healthcare, Inc. (NYSE:KND) announced that its subsidiary purchased Homecare Advantage for approximately $2 million in cash. Based in Los Angeles, California, Homecare Advantage provides services in the surrounding areas and generates revenues of approximately $2.5 million per year. The Homecare Advantage location will allow Kindred to expand its service area and operations in the […]
Medicare Administrative Contractors (MAC) prevented $275 million of improper payments to home health agencies, but they could do a much better job according to a report from the HHS Office of the Inspector General. “The four Zone Program Integrity Contractors we reviewed did not identify any HHA vulnerabilities and varied substantially in their efforts to detect […]
Genesis HealthCare announced it has completed the acquisition of Sun Healthcare Group Inc. for $215 million. Per the agreement, Genesis acquired Sun for $8.50 per share of common stock in cash and financed the the transaction using borrowings under a term loan and available cash. The new company will have nearly 80,000 employees and combined annual […]
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