Home health stocks saw mixed success in February, according to the latest Home Health Index (HHI) from mergers-and-acquisitions advisory firm Stoneridge Partners. The up-and-down February follows a largely positive January. Updated monthly, the HHI by Stoneridge Partners tracks the market values for Amedisys Inc. (Nasdaq: AMED) and LHC Group Inc. (Nasdaq: LHCG). Overall, the HHI […]
The Trump administration on Monday released its proposed budget for fiscal year 2020, calling for government-wide domestic spending cuts of 5%, a site-neutral payment system for health care providers and a major Medicaid overhaul. The proposed budget — unlikely to make it past a democrat-controlled House of Representatives — also seeks to curb Medicare spending […]
Long-term care association LeadingAge — behind only AARP and, perhaps, a handful of other organizations when it comes to tackling aging issues in the United States — may soon become an even bigger player in the home-based care arena. Washington, D.C.-based LeadingAge unveiled plans in February to join forces with the Visiting Nurse Associations of […]
Lafayette, Louisiana-based LHC Group Inc. (Nasdaq: LHCG) — one of the largest home health, hospice and personal care services companies in the country — is planning to soon open a backup headquarters in Louisville, Kentucky. In addition to being the former headquarter of Almost Family, Louisville, according to some, also stands as “America’s Aging Capital” […]
Federal authorities took action against a handful of individuals and companies last month for their roles in multimillion-dollar home health fraud schemes. On Feb. 15, a Michigan woman pleaded guilty for her role as a patient recruiter in a scheme involving about $1.2 million in fraudulent Medicare claims for home health care procured through kickback […]
Global investment firm KKR and an affiliate of Walgreens Boots Alliance Inc. (Nasdaq: WBA) closed on their $1.32 billion acquisition of home- and community-based care BrightSpring Health Services on Wednesday. BrightSpring — formerly ResCare — merged with pharmacy company PharMerica as part of the deal. While home-focused M&A activity has hit record levels over the […]
Joanne E. Cunningham took over as The Partnership for Quality Home Healthcare’s executive director in August 2018. Since then, much of her focus has been spent educating policymakers on the Patient-Driven Groupings Model (PDGM) and its potentially industry-shaping impact. So far, those advocacy returns have been promising, recently contributing to PDGM-refinement legislation in the U.S. […]
Despite wage pressures and referral setbacks, Addus HomeCare Corporation (Nasdaq: ADUS) had a markedly consistent fourth quarter and 2018 performance. With ample dry powder, the Frisco, Texas-based home health, hospice and personal care provider is well-positioned to deploy additional capital toward M&A, while simultaneously refining its relationships with Medicare Advantage (MA) partners. Addus is primed […]
Over the past few years, Bayada Home Health Care has entered into several value-based agreements with managed care organization partners, reflective of the U.S. health care system’s broader shift from quantity to quality. The Moorestown, New Jersey-based home health provider announced its latest on Thursday: a new value-based agreement with AmeriHealth Caritas built on reducing […]
Hoping to curtail health care spending, the Trump administration is exploring ways to shift treatment for kidney disease into the home and away from dialysis clinics, a far costlier setting. Overall, the U.S. government spends roughly $114 million to treat chronic kidney disease and end-stage renal disease, according to a Monday report by Reuters. To […]
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