Home care provider Nova Leap has made meaningful improvements in all major financial categories, except one. Driving organic revenue has been a persistent challenge for the company, but its leadership has laid out a plan to foster long-term improvement. Nova Leap is better positioned to pursue organic revenue growth now compared to recent years because […]
Elevance Health Inc. (NYSE: ELV) ended the first quarter of 2025 with better-than-expected financials. The company identified home health as one of its key revenue drivers. In Q1, Elevance hauled in $48.8 billion in operating revenue, a 15% year-over-year increase. Carelon, Elevance’s health care services arm, earned $16.7 billion in Q1, a 38% year-over-year increase. […]
Private equity firm Waud Capital Partners has acquired MedTec Healthcare, a provider of in-home care and adult day services. The deal, announced Monday, is part of Waud Capital’s strategy to build a home-based services platform through a newly announced holding company, Altocare. MedTec will continue to operate under its existing brand and leadership. “Our prior […]
The Centers for Medicare & Medicaid Services (CMS) announced Thursday that it would no longer approve funding for some services previously covered by state section 1115 demonstrations, including some in-home non-medical services. In a letter addressed to state Medicaid directors, CMS stated that the organization “did not anticipate” approving new federal funding for designated state […]
After a muted 2024, home-based care dealmaking shifted into a higher gear in Q1 2025. The first three months of 2025 were the most active quarter for industry M&A since 2023, driven largely by personal care, according to a new report from Mertz Taggart. While the increase in dealmaking marks an uptick from 2024, it’s […]
The Centers for Medicare & Medicaid Services (CMS) announced a 5.06% Medicare Advantage payment increase on Friday – more than double the rate suggested by the outgoing Biden administration. The final rule is largely positive news for the home-based care community, Fred Bentley, managing director in ATI Advisory’s care continuum strategy and solutions practice, told […]
The forthcoming TEAM bundled payment model will offer home health providers opportunities to boost utilization and develop stronger referral partnerships – if they understand and succeed in their roles within a 30-day episode of care. The Transforming Episode Accountability Model (TEAM), set to begin on Jan. 1, 2026, requires providers to “front-load” the episode of […]
A reimbursement program designed to keep older people in their homes could be impacted by the planned slashing of the U.S. Department of Health and Human Services’ (HHS) workforce. The recently announced HHS overhaul, which includes restructuring its departments and cutting 10,000 jobs, will also include “planned productivity enhancements” at the Program of All-Inclusive Care […]
Senate Republicans released text for a budget resolution Thursday that, if enacted, could substantially alter the home-based care industry. The budget framework directs the House Committee on Energy and Commerce, the committee with jurisdiction over Medicaid, to slash the deficit by at least $880 billion between 2025 and 2034, prompting concerns from home-based care providers. […]
The owner of a ComForCare franchise location identified the “perfect segue” into a new market with the purchase of an independent living facility. Nikhil Mehrotra, owner of a ComForCare franchise in Farmington Hills, Michigan, purchased Comfort Cove, an independent living facility in West Bloomfield, Michigan, in March. The expansion into independent living allows the home […]
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