Out-patient software provider Net Health announced Tuesday it has entered into an agreement to acquire Optima Healthcare Solutions, bringing the company firmly into the home health and hospice segments of the post-acute realm. Terms of the deal — expected to close later in July — were not disclosed. Led by Chairman and CEO Anthony Sanzo, […]
Encompass Health Corporation (NYSE: EHC) — the largest operator of in-patient rehabilitation facilities (IRFs) in the country, with a network of hundreds of home health and hospice locations to boot — has agreed to pay $48 million to resolve false claims allegations. The Birmingham, Alabama-based company had previously disclosed the matter in its public filings […]
When CEO Joel Theisen began Minnesota-based Lifesprk more than a decade ago, he started out with about $500,000 and a handful of employees. Theisen has turned his diverse home-based care company into a roughly $35 million business since then, while simultaneously launching a joint venture with one of the largest health systems in the country. […]
A relatively little-known bill in the home health care world currently being marked up in the U.S. House of Representatives could have a big impact on providers — and the post-acute care space overall. Introduced on June 21 by Reps. Richard Neal (D-Mass.) and Kevin Brady (R-Texas), the Beneficiary Education Tools Telehealth Extender Reauthorization (BETTER) […]
Among its many changes, the Patient-Driven Groupings Model (PDGM) aims to completely refocus how home health providers are paid for the therapy services they deliver, mainly by moving away from visit volume as the determining factor in calculating reimbursement. When the Centers for Medicare & Medicaid Services (CMS) first proposed PDGM in July 2018, some […]
With eight acquisitions completed since the start of 2017 in the U.S. and Canada, Nova Leap Health Corp. (TSXV: NLH) is one of the fastest growing home care companies in North America. Headquartered in Halifax — the capital of the Canadian province of Nova Scotia — Nova Leap touted its latest acquisition target on Tuesday. […]
BrightStar Care, FirstLight HomeCare and Right at Home are three of the best low-investment franchises to buy right now in the U.S., according to Forbes, which recently released its latest “Best and Worst Franchise” list. To create its new top-franchises list, Forbes teamed up with Arlington, Virginia-based market research and consulting firm FRANdata to take […]
At-home care providers aren’t the only organizations that have seen an uptick in business as a result of the health care system’s overarching shift to home. Adult day centers — especially those that offer a multitude of specialized services — have similarly hit a major boom period. Propelled by an aging population, policymakers’ desire to […]
So far, health plans have been relatively tight-lipped about their strategies for offering in-home services and supports to members under expanded Medicare Advantage (MA) policies. They now appear to be finding their voice. On Wednesday, Aetna Medicare publicly announced for the first time it has teamed up with CareLinx and its nationwide network of more […]
Home care — the types of services regularly delivered in a senior’s home over the course of months and years, rather than days or weeks — has steadily risen to newfound prominence of late. Today, in fact, it’s now seen as the “tip of the spear” for the entire U.S. health care system, according to […]
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