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 […]
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’ […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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. […]