Posts by Robert Holly:

  • M&A and Financing Newsflash: Anthem Completes Acquisition of Aspire Health

    Jun 19 2018

    Anthem Finalizes Deal for Aspire Health Months Ahead of Schedule  Insurer Anthem, Inc. (NYSE: ANTM) has completed its acquisition of Aspire Health, the nation’s largest provider of non-hospice, community-based palliative care. Financial terms of the transaction were not disclosed. Indianapolis-based Anthem and its affiliated companies provide products and services to more than 74 million people. Read More

  • Poor Onboarding, Lack of Innovation Fuel Home Care Turnover

    Jun 19 2018

    While the need for more home care workers is pressing, regulatory complexities can make it difficult and confusing for nurses, therapists, aides and caregivers who are new to the industry. That’s one reason Tina Marrelli has continually updated “The Handbook of Home Health Standards: Quality, Documentation and Reimbursement.” First published in 1988, the text—which is often Read More

  • MedPAC Flags Home Health Referral Problems in Report to Congress

    Jun 18 2018

    The Medicare Payment Advisory Commission (MedPAC) has alerted Congress to how rarely home health patients pick their neighborhood’s highest quality provider after being discharged from the hospital. MedPAC compiles its regular report to advise Congress on payments to health plans participating in the Medicare Advantage program and providers in Medicare’s traditional fee-for-service program, but lawmakers are not required Read More

  • Skeptics Raise Concerns As Private Equity Investment in Home Health Industry Rises

    Jun 15 2018

    The in-home care industry is seeing record-breaking valuations and a historic pace for mergers and acquisitions. Heavy investment from private equity firms is among the dominant drivers of that action, and not just for in-home care, but for the U.S. health care sector more broadly. As private equity becomes increasingly involved in the health care world, Read More

  • Simulation Program Helps Recruit, Train Next Generation of Home Care Nurses

    Jun 14 2018

    The United States is projected to experience a serious shortage of nurses, one that is only expected to intensify as baby boomers age and more frequently become in need of home health services. To recruit and prepare aspiring nurses, many of whom are millennials, nursing schools are launching innovative training programs specifically targeting in-home care. Read More

  • Movers & Shakers: Fresno Hospice Finds New CEO

    Jun 14 2018

    Hinds Hospice Picks New CEO Hinds Hospice in Fresno, California, has picked a new CEO to replace Amy Tobin, who is retiring after more than five years with the end-of-life care provider, The Business Journal reported. Eric Klimes, an Army veteran, assumes the CEO position for Hinds Hospice, which was founded in 1981 and currently Read More

  • Amedisys Boosts Productivity by Slashing Turnover Rates

    Jun 13 2018

    By focusing on quality and software improvements, Amedisys, Inc. (Nasdaq: AMED) has been able to slash turnover in recent years and, in turn, boost productivity and profitability. Three years ago, Baton Rouge, Louisiana-based Amedisys’ turnover rates were “shockingly” in the high 30% range, CEO Paul Kusserow said Wednesday afternoon at William Blair’s 38th Annual Growth Stock Read More

  • Vermont VNA Announces $850K Expansion to Meet Rising Hospice Demand

    Jun 13 2018

    Three decades ago, Vermont’s median age was roughly the same as the nation’s. The Green Mountain State is now, however, one of the oldest, and more of its aging residents are starting to make hospice care a pillar of their end-of-life plans. To keep up with that rising demand, the Visiting Nurse Association & Hospice of Read More

  • Right at Home, BrightStar, FirstLight Among Best Franchises in 2018

    Jun 12 2018

    A handful of home care companies are among the best franchise opportunities for buyers in 2018, a new ranking has found. To help prospective franchisees weigh risk and rewards, Forbes released its annual “America’s Best & Worst Franchises to Buy” list, broken down into categories for high investments, medium investments and low investments. Home care Read More

  • Court Revives $35 Million Lawsuit Targeting Brookdale

    Jun 12 2018

    A federal court has breathed new life into a $35 million whistleblower lawsuit filed against Brookdale Senior Living (NYSE: BKD), the largest senior living provider in the United States and a major home health player. The 6th Circuit Court of Appeals on Monday reversed a federal court’s dismissal last year of a False Claims Act lawsuit Read More

  • Home Health Businesses Acquired by KKR Through $9.9 Billion Envision Deal

    Jun 11 2018

    Private equity powerhouse KKR has acquired Nashville-based Envision Healthcare Corporation (NYSE: EVHC), one of the largest doctor-staffing companies in the United States with roughly half a dozen in-home care entities under its umbrella. The $9.9 billion deal, announced Monday, is one of the biggest by a private equity firm in the past couple years, easily Read More

  • M&A and Financing Newsflash: Nova Leap Completes Deal for Canadian Home Care Business

    Jun 11 2018

    Nova Leap Health Completes Home Care Purchase  Nova Scotia, Canada-based Nova Leap Health Corp. (TSXV: NLH) has completed its $2.1 million acquisition of Always Home HomeCare Services Ltd. and its subsidiary Always Safe Training Ltd., both also located in Canada. Nova Leap, which provides personal home care and support services, has focused its acquisition strategy Read More

  • Health System LifeCare Buying Up In-Home Care Agencies

    Jun 11 2018

    Despite potential policy hurdles on the horizon, LifeCare Health Partners has strengthened its presence along the continuum of care by acquiring two more in-home care agencies. The new deals come after a handful of other acquisitions in the past couple years for the Plano, Texas-based health care services provider, which hopes to continue adding in-home Read More

  • Spending Has Little Impact on Dialysis Patients’ Hospice Use

    Jun 10 2018

    In general, health care expenses and intensity of care varies for Medicare patients receiving chronic kidney dialysis during the last year of their life. One thing that does not vary, however, is their lack of access to hospice care, a new study has found. As part of the study, published June 4 in the journal Health Affairs, Read More

  • Must-Read News: Medicare’s Dire Financial State, Death Doulas Council

    Jun 10 2018

    Catch up on the latest in home health and home care by checking out our must-read news from across the web. Keep reading to see our top HHCN stories rom the last week. Medicare’s financial problems have reportedly gotten worse, and the program is now expected to be broke in eight years, or three years earlier Read More

  • Home Health Wields Political Clout to Shape Policy

    Jun 08 2018

    Vowing to flex political muscle its built in the nation’s capital and throughout the country, home health providers and advocates are prepared to fight a new proposal to bring back the controversial pre-claim review. This is not an empty threat, a Home Health Care News (HHCN) review of lobbying data and recent advocacy efforts suggests. Over Read More

  • Movers & Shakers: Senior Helpers Appoints New Top Marketing Officer

    Jun 07 2018

    Senior Helpers Bolsters Leadership Team with Chief Marketing Office Hire Baltimore-based in-home care provider Senior Helpers has hired Chuck Sullivan to fill its chief marketing officer position. Senior Helpers is a provider of in-home senior services ranging from specialized care for individuals with dementia, Alzheimer’s disease and Parkinson’s, to personal and companion care to help Read More

  • Amedisys Stock Buyback Highlights Record Prices in Home Health M&A

    Jun 06 2018

    Amedisys, Inc. (Nasdaq: AMED) doubled down on its own home health, hospice and personal care business Monday, deploying nearly all of its cash on hand to buy back $178 million worth of stock from global investment firm KKR (NYSE: KKR). The transaction signals leadership’s continued confidence in the Baton Rouge, Louisiana-based company’s growth prospects, but Read More

  • Addus CEO on Why Chick-fil-A Matters to In-Home Care Providers

    Jun 05 2018

    Hiring caregivers remains the No. 1 challenge for in-home care providers, industry executives say. It’s only getting tougher, too, as low-skilled workers outside the industry are being offered progressively higher wages—particularly within retail and fast food. Retail giant Target in March announced it was raising its minimum starting pay for workers for the second time in less Read More

  • FirstLight Eyes Risks, Rewards of Operating in Hawaii

    Jun 04 2018

    Hawaii may be a vacationer’s paradise, but it’s also, perhaps, one of the toughest states for home care franchises to take off. An unemployment rate well below the national average makes finding caregivers even more difficult than on the mainland United States, while the Aloha State’s often rural and mountainous landscape can also make it laborious just to visit Read More

  • CMS: Pre-Claim Could Cost Home Health Industry $40 Million Annually

    Jun 01 2018

    The Centers for Medicare & Medicaid Services (CMS) has—once again—identified Illinois as ground zero for its newly proposed trial run of the pre-claim review demonstration (PCRD) for home health. Other key details of the resurrected model are also starting to emerge, including the proposal’s potential $40 million annual price tag for home health agencies. Under CMS’ Read More

  • M&A and Financing Newsflash: Heal Raises $20 Million

    May 31 2018

    Heal Lands $20 Million in Venture Funding Los Angeles-based Heal has raised $20 million in venture funding, bringing the med-tech startup’s total capital raised to more than $69 million. Heal and its digital platforms assist patients in booking physician house calls, often for urgent care and routine illness visits. Heal has helped deliver more than 60,000 house calls Read More

  • Amada Tackles Home Care for Athletes with NFL Alumni Partnership

    May 31 2018

    Amada Senior Care—led by a former Chicago Bears football player—has converted on a deal to become sponsor and exclusive in-home care provider for NFL Alumni, an association of about 5,000 former National Football League players, coaches, staffers, cheerleaders and family members. For San Clemente, California-based Amada, the recently announced deal is an opportunity to further legitimize Read More

  • Home Health Ready to Fight Pre-Claim Review’s Dreaded Return

    May 30 2018

    Stakeholders throughout the home health industry are gearing up for another battle over Pre-Claim Review Demonstration (PCRD), a controversial Centers for Medicare & Medicaid Services (CMS) initiative aimed at reducing fraud and improper billing. PCRD asks providers to send in claims earlier in the care process to ensure they are meeting requirements. In August 2016, CMS rolled out Read More

  • Home Health Providers Excel at Keeping Patients Active

    May 29 2018

    When it comes to the performance of the health care system overall, the United States is a mixed bag, but there’s some good news on the home health front. Some states—Hawaii, Massachusetts, Minnesota, Vermont and Utah, in particular—are excelling at providing quality, affordable health care to their residents, a new report has found. Others—Louisiana, Oklahoma Read More

  • Addus, LHC Group Rev Up 2018 M&A Wins

    May 25 2018

    Top executives for Addus HomeCare Corporation (Nasdaq: ADUS) and LHC Group, Inc. (Nasdaq: LHCG) touted their recent M&A wins last week—while hinting there’s likely more to come. Addus CEO Dirk Allison and LHC Group CEO Keith Myers discussed the home health industry’s bustling M&A landscape and provided overall updates on their respective companies during the Read More

  • Insurer Anthem Strikes Deal for Palliative Care Company Aspire Health

    May 24 2018

    National health insurance giant Anthem, Inc. (NYSE: ANTM) is buying Nashville-based Aspire Health, the nation’s largest non-hospice, community-based palliative care provider. Terms of the deal were not disclosed. Anthem’s play for Aspire Health, announced Wednesday, is the latest deal to further blur the lines between insurance companies and in-home care businesses. Humana (NYSE: HUM) and Read More

  • Kindred, Humana Crack Fortune 500 List for 2018

    May 24 2018

    Only two companies with strong home health ties—Kindred Healthcare (NYSE: KND) and Humana (NYSE: HUM)—graced this year’s Fortune 500 list, but the industry as a whole appears to be inching its way closer to the top. The Fortune 500 list is an annual ranking of U.S. companies, both private and public, based on total revenues Read More

  • Bills Seek to Delay EVV for Home Care

    May 23 2018

    U.S. lawmakers have introduced legislation to delay the mandated implementation of electronic visit verification (EVV) in home care by one year. Under current provisions in the 21st Century Cures Act, a $6.3 billion piece of legislation signed into law under the Obama administration, Medicaid-reimbursed home care providers must begin adopting EVV systems before Jan. 1, 2019. Read More

  • HHS Chief Technology Officer to Join LHC Group

    May 22 2018

    The current chief technology officer for the U.S. Department of Health and Human Services (HHS) will soon leave his post in Washington D.C. to join Lafayette, Louisiana-based LHC Group (Nasdaq: LHCG) and fill a newly created position dedicated to innovation. HHS CTO Bruce Greenstein will become LHC Group’s first chief innovation and technology officer in June, Read More

  • VNSNY, Vitas Want to Fix the Racial Disparity in Hospice Care

    May 21 2018

    Hospice has been a popular target on the mergers-and-acquisitions front, but the industry faces a demographic challenge when it comes to minority patients. The sector is plagued by very low utilization rates for minority patients, and the numbers appear only to be getting worse. About 87% of hospice patients are white, according to the most recent Read More

  • Great Lakes, Jordan, National Home Health Name New CFO After Merger

    May 21 2018

    Great Lakes Caring, National Home Health Care and Jordan Health Services have named a new chief financial officer for their freshly merged enterprise. Eric Slusser is taking over as CFO of the newly combined company, it announced Monday, less than a week after Michigan-based Great Lakes Caring, Connecticut-based National Home Health Care and Texas-based Jordan Read More

  • Intermountain, Home Care Provider Team Up in New Joint Venture

    May 20 2018

    For almost two years, Intermountain Healthcare—a Utah-based health system that boasts 22 hospitals, more than 180 clinics and its own health insurance plan—has been searching for the perfect home care partner to help it proactively keep elderly patients well and away from its own facilities. It found that partner more than 1,400 miles away. Earlier Read More

  • M&A and Financing Newsflash: Great Lakes, Jordan, National Home Health Complete Mega Merger

    May 17 2018

    Great Lakes Caring, National Home Health Care and Jordan Health Services Complete Combination  Michigan-based Great Lakes Caring, Connecticut-based National Home Health Care and Texas-based Jordan Health Services have completed their previously announced deal, finalizing the creation of one of the largest home-based care providers in the United States. The combined company brings together three market leaders Read More

  • Agencies in Limbo as 13-Hour Rule Back in Legal Spotlight

    May 17 2018

    New York’s “13-hour rule”—a term referring to the allowance of home care aides to be paid for just 13 hours of work instead of an entire 24-hour shift—is back in the spotlight after months of legal back-and-forth. Under current regulatory policy, live-in aides working in New York do not receive pay during hours slept or meals Read More

  • Landmark Lands Insurance Collaborations After Sale Rumors

    May 16 2018

    Landmark Health—the private equity-backed in-home medical company recently rumored to be up for sale—has entered into a new care-delivery collaboration with Blue Shield of California and one of its subsidiaries. As part of the collaboration, Landmark will work with Blue Shield of California and subsidiary Care1st Health Plan to offer “the 21st century version of house Read More

  • Readmissions, ER Trips Higher Among Minority Groups in Home Health

    May 15 2018

    Home health may improve patient outcomes and lower overall care costs, but it might be working better for white patients compared to minority groups, a recent study has found. About 12 million people in the United States rely on home health care, often to help manage conditions including diabetes, heart failure, osteoarthritis and hypertension, according Read More

  • Movers & Shakers: Compassus Names Medical Director for Cleveland Hospice Program

    May 15 2018

    New Medical Director for Compassus’ Cleveland Hospice Program Compassus—a nationwide network of community-based hospice, palliative and home health programs based in Nashville—announced Monday it has tapped Charles Koepke as medical director for the hospice program serving Cleveland and surrounding communities. Founded in 2006, Compassus has more than 150 local programs in 31 states. As medical Read More

  • California to Pay for Healthy Food Delivery for Ill Residents

    May 14 2018

    To keep their chronically ill residents at home and out of hospitals or nursing homes, states are beginning to look at food-as-medicine models that deliver healthy, nutritious meals under doctors’ orders. But there’s now a state that’s doing a lot more than looking. California has launched a new, three-year, $6 million pilot program spearheaded by Read More

  • Highest Paid CEOs in Home Health Last Year

    May 13 2018

    CEOs from publicly traded home health care companies brought home a combined total of about $39.5 million in 2017—though some execs certainly earned far more than their industry peers. In order, CEOs from Kindred Healthcare (NYSE: KND), Encompass Health (NYSE: EHC) and Amedisys, Inc. (Nasdaq: AMED) took home the most last year in total compensation, Read More

  • Must-Read News: Amedisys Bullish on Home Health, In-Home Heart Programs

    May 13 2018

    Start your week with our must-read news, including interesting stories from around the web and some of our top coverage from the past week. Worldwide, dementia remains one of the leading health conditions for older adults, often contributing to individuals’ and families’ decision of forgoing the independence of living at home in favor of constant Read More

  • Louisiana Medicaid Recipients May Lose Home Care Benefits

    May 10 2018

    Tens of thousands of Medicaid recipients in Louisiana, many of whom rely on home care services, are being warned they may soon lose benefits due to proposed state budget cuts. The Louisiana Department of Health began mailing notices Thursday to nearly 37,000 Medicaid enrollees, informing them that their eligibility may end on July 1 because Read More

  • Home Care Franchisor Amada Seeks to Double in Size by 2020

    May 09 2018

    Undeterred by intense competition for caregivers, one home care franchise company is doubling down on its aggressive expansion plan. Amada Senior Care, a non-medical in-home care franchisor headquartered in San Clemente, California, announced last week that it has opened its 100th franchise location, in Bergen County, New Jersey. The milestone marks a major expansion push for Amada, Read More

  • Caring.com Acquired Following FTC Agreement

    May 09 2018

    San Mateo, California-based Caring.com has been acquired by newly formed private equity group Caring Holdings, LLC, the referral service announced Tuesday. Terms of the deal were not disclosed. Caring.com is an internet-based online resource and referral service for customers looking information about care options. On a big-picture level, the move will protect competition among leading Read More

  • Addus Continues Hunt for Future Growth Opportunities

    May 08 2018

    Backed by a boost in billing and momentum from closing two major acquisitions in less than two months, Frisco, Texas-based Addus HomeCare Corporation (Nasdaq: ADUS) reported solid first-quarter financial results Monday. Addus leadership is looking to ink further deals this year and bullish on the possibility that Medicare Advantage plans could start offering a personal Read More

  • M&A and Financing Newsflash: LHC Group and St. Mary’s Reach Partnership

    May 07 2018

    LHC Group and St. Mary’s Health Network Purchase St. Mary’s Home Care Services Lafayette, Louisiana-based LHC Group (Nasdaq: LHCG) and Reno, Nevada-based St. Mary’s Health Network last week announced the finalization of an equity partnership agreement to purchase and share ownership of St. Mary’s Home Care Services, which operates in Nevada. LHC Group and its Read More

  • Critical End-of-Life Choice Leads Fewer Kidney Patients to Pick Hospice

    May 07 2018

    Patients with end-stage renal disease are faced with a seemingly impossible dilemma as their health deteriorates: try to prolong life with continued treatment or seek end-of-life comfort through hospice. Hospice care—covered by Medicare, Medicaid and most private insurers—is a benefit available to individuals with a life expectancy of six months of less. The way it’s Read More

  • Amedisys, Cleveland Clinic, Vitalus Forge Ahead with In-Home Cardiac Programs

    May 04 2018

    Seeing opportunities to improve quality of care and decrease costs, the home health industry continues to pump resources into specialized care programs for patients with heart failure and related conditions. Despite mandatory bundled payment programs for cardiac care being put on hold, home health providers of all shapes and sizes are doubling down on specialized, Read More

  • Home Health, Hospice Help Drive Record Earnings for Ensign

    May 03 2018

    The Ensign Group (Nasdaq: ENSG) posted strong first-quarter financial results Thursday, buoyed, in part, by the California-based provider’s particularly profitable home health and hospice businesses. While pursuing expansion plans in both home health and hospice, Ensign reported a consolidated adjusted net income of $24.1 million in the first quarter of 2018, an increase of about Read More

  • Maine, Montana Top Places For Nurses to Work

    May 02 2018

    Maine and Montana are the top two places to work as a nurse in the United States in 2018, new rankings have found. Hawaii and Washington D.C., in contrast, are the very worst places to work, according to personal finance website WalletHub. In the compilation of the 2018 rankings, states were evaluated on 21 key metrics, including Read More

  • Death Doulas Gain Buzz, Start Making Hospice Connections

    May 01 2018

    Doulas, known for helping people go through childbirth, are now helping at the end of life as well. Some hospices have seen an opportunity to work with doulas, while others say that their tried-and-true volunteer programs are already providing similar services. Hiring a birth doula—also known as a birth companion or birth coach—has grown increasingly Read More

  • M&A and Financing Newsflash: Addus Finalizes $40 Million Ambercare Deal

    May 01 2018

    Addus Completes Purchase of Ambercare Frisco, Texas-based Addus HomeCare Corporation (Nasdaq: ADUS) announced Tuesday it has completed its deal to buy Ambercare Corporation, Inc., a personal care, hospice and home health services provider headquartered in Albuquerque, New Mexico. Addus provides home care services to more than 36,000 clients through 142 offices in more than two dozen states. Read More

  • Home Health Nurse Visits Linked to Same-Day ER Trips

    Apr 30 2018

    Patients who receive in-home visits from nurses during the day are more likely to end up in the emergency room at night, a new Canadian study has found. The research undermines the long-standing belief that in-home care visits can help reduce hospitalizations, or at least reveals that such evidence is mixed. Patients with both ongoing Read More

  • Word of Mouth Still Best Referral Source For Home Care Providers

    Apr 26 2018

    Home care providers are increasingly turning away from traditional marketing and ad services to find new clients and generate revenue. In 2017, providers favored Internet marketing that leveraged search engine optimization (SEO), or ways for consumers to best find care providers on their own. That’s according to Home Care Pulse’s 9th Annual Edition of the Home Care Read More

  • U.K. Home Care Startup Accused of Posting Fake Reviews Online

    Apr 26 2018

    Since launching in 2016, U.K. home care startup Cera Care, which pairs patients with in-home caregivers, has locked in more than $4 million in venture funding and garnered widespread praise. But now, it’s being accused of crafting fake reviews online and lying about key health partnerships, Bloomberg Technology reported Thursday. Citing “three people with knowledge of Read More

  • Illinois, California Considering Wage Hikes For Home Care Workers

    Apr 25 2018

    Policymakers in two of the largest U.S. states—Illinois and California—are moving forward with plans to increase wages for some home care workers. In Illinois, state senators on Tuesday passed legislation that would effectively boost home care workers’ wages by at least $1 per hour from the current average of $10.98 per hour by July 1, 2018. Under the legislation, Read More

  • Movers & Shakers: Amedisys Names Chief HR Officer

    Apr 24 2018

    Amedisys Hires New Chief Human Resources Officer Baton Rouge, Louisiana-based home health, hospice and personal care company Amedisys, Inc. (Nasdaq: AMED) announced Tuesday that it has found its new top HR officer. Sharon Brunecz will join Amedisys as chief human resource officer, replacing Larry Pernosky, who recently announced his retirement. Prior to joining Amedisys, Brunecz Read More

  • M&A and Financing Newsflash: AccentCare Acquisitions, Swift Medical Raises $11.6 Million

    Apr 23 2018

    AccentCare Makes Two Acquisitions in Texas Dallas-based AccentCare, Inc. has added to its growing client base by acquiring Community Connection Home Health’s personal care services segment and Q & A Health Services. The two acquisitions will likely add about 400 new clients, AccentCare told HHCN via email. The company declined to disclose the purchase price. Community Read More

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