Addus Makes Medicare Advantage Headway, to Acquire VIP Health Care Services

Addus HomeCare Corporation (Nasdaq: ADUS) has signed a definitive agreement to acquire a New York-based home care provider and is positioning itself to fully capitalize on “exciting” new Medicare Advantage (MA) opportunities over the next several years. Addus President and CEO Dirk Allison discussed his company’s latest acquisition, its MA plans and third-quarter financial results […]

Full Care Spectrum Will One Day Be Provided In People’s Homes

The full continuum of care will likely be provided in people’s homes in the not-so-distant future. That includes everything from informal and formal personal care services to skilled home health and home-based primary care, experts say. It even includes emerging hospital-at-home models, though the lack of an existing supply chain may present a serious hurdle. “Home-based […]

Brightree Owner ResMed to Acquire MatrixCare for $750 Million

Health care technology company ResMed (NYSE: RMD, ASX: RMD) has signed a definitive agreement to acquire MatrixCare for $750 million. The purchase price represents a valuation multiple of 25 times the expected calendar year 2018 pro forma EBITDA of $30 million for MatrixCare. The move allows ResMed to expand across the continuum of care, strategically […]

Private Equity Backs Post-Acute Platform, Celtic Hospice & Home Health Rebrands

Pharos Capital Makes Majority Investment in Charter Health Care Group Private equity firm Pharos Capital Group has made a majority investment in Charter Health Care Group, a California-based provider of post-acute care services, including hospice and home health care. The transaction serves as the launching pad for Pharos’ post-acute care platform moving forward. Terms of […]

CVS Health Launches Effort to Make MinuteClinics More Senior Friendly

Retail pharmacy chain CVS Health (NYSE: CVS) wants to provide care that is specifically tailored to older adults in its MinuteClinic locations. To do so, CVS Health is partnering with one of the top-ranked research universities in the United States and plans to draw on care principles developed through the Age-Friendly Health Systems initiative. CVS […]

CMS Delays Revising Hospital Discharge Planning Requirements

Hospitals and home health agencies that wanted policymakers to clear up the dos and don’ts of discharge planning are likely facing a longer wait. The Centers for Medicare & Medicaid Services (CMS) opted Friday to extend its timeline for revising hospital discharge planning requirements until at least November 2019. As currently set up, hospital discharge […]

CMS Stands by Behavioral Adjustment Aspect of PDGM

The U.S. Centers for Medicare & Medicaid Services (CMS) released final language Wednesday for its Patient-Driven Groupings Model (PDGM), the sprawling home health payment overhaul that policy experts see as the biggest industry change in decades. Likely to the disappointment of many home health agencies, CMS stood by PDGM’s widely opposed behavioral adjustment aspect. If […]

LHC Group CEO: Organic Growth Strong, PDGM to Spur Acquisition Opportunities

Home health, hospice and personal care giant LHC Group, Inc. (Nasdaq: LHCG) missed its expected revenue mark in an otherwise strong third quarter of 2018. Despite the miss, analysts are encouraged by the Lafayette, Louisiana-based company’s organic growth outlook and its ability to withstand the looming overhaul to the home health payment system. LHC Group […]

Hospital, Home-Based Admissions Rise for Vitas Healthcare

Hospital and home-based admissions for Vitas Healthcare — the hospice business of Chemed Corporation (NYSE: CHE) — increased during the third quarter of 2018, while nursing home and assisted-living facility admissions declined. Gains in hospital and home-based admissions largely overshadowed losses from the two other care settings, however, leading to sturdy Q3 financial results for […]

[Updated] CMS Finalizes PDGM and $420 Million Increase for 2019 Medicare Payments

Despite industry concerns, the Centers for Medicare & Medicaid Services (CMS) has finalized the Patient-Driven Groupings Model (PDGM) planned to start in 2020. The agency has also finalized several other changes to how home health providers are reimbursed for their services starting in 2019, tweaking remote patient monitoring rules and refining the Value-Based Purchasing Model […]