Roughly $108.8 billion is projected to be spent on home health care in the United States in 2019, according to a newly released analysis from the Centers for Medicare & Medicaid Services (CMS) Office of the Actuary. U.S. expenditures on home health care are projected to hit $186.8 billion by 2027. An aging population, a […]
Aveanna Healthcare to acquire Maxim’s home health care division Atlanta-based Aveanna Healthcare has entered into a definitive agreement to acquire the home health care division of Maxim Healthcare Services. Financial terms of the transaction — expected to close in the second quarter of 2019 — were not disclosed. Privately-owned Aveanna Healthcare is made up of […]
Cincinnati-based FirstLight Home Care is one of the largest and fastest growing home care franchise networks in the country. Despite sustained levels of past success, FirstLight — like the home care industry itself — has had to evolve in the face of emerging challenges and opportunities. For FirstLight, that means guiding its franchise locations through […]
San Francisco-based Honor — which uses technology and workforce management solutions to take over caregiver recruiting, scheduling, billing and other back-office responsibilities for home care agencies for a share of their revenue — has started to refine its partner profile. Since revamping its business model more than a year ago, Honor has teamed up with […]
The back-and-forth legal battle to decide whether live-in home care aides in New York who work for an agency should be paid for the full 24 hours on the job instead of the current standard of 13 appears to be winding down. The New York Court of Appeals heard oral arguments last Tuesday for Andryeyeva […]
Brookdale Senior Living Inc. (NYSE: BKD) saw its home health revenue decrease by more than 7% in 2018 compared to the previous year, though it stabilized somewhat during the Brentwood, Tennessee-based company’s most recent quarter. The year-over-year drop was largely due to Brookdale’s intentional efforts to shift its case mix toward lower-rate managed care ahead […]
Federal health care policymakers have taken another step toward rolling out a required nationwide electronic visit verification (EVV) survey. The 21st Century Cures Act originally required home care providers and state agencies to begin adopting EVV systems by Jan. 1, 2019. EVV requirements are meant to reduce instances of fraud and abuse in the delivery […]
California’s recently sworn in governor is making aging and in-home care top priorities for the state, which has a senior population expected to increase by roughly 4 million within the next decade. Gov. Gavin Newsom, a democrat, called for the creation of a new “master plan on aging” during his first State of the State […]
Amedisys Inc. (Nasdaq: AMED) took its first major step into the world of predictive analytics in August when it announced a minority investment in home health-focused data science firm Medalogix. The Baton Rouge, Louisiana-based company has now started to reap the rewards of that investment. During the past few months, Amedisys has been fine-tuning its […]
The U.S. on-demand economy is booming, growing from an estimated $48 million in products and services in 2016 to roughly $75.7 billion in 2017. The home care industry has played a leading role in that boom, both through companies’ in-house efforts and their continued use of third-party services. The on-demand economy is economic activity created […]
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