A staple mandatory bundled payment program geared toward hip and knee replacements has saved hundreds of dollars per episode over the past couple of years, recent research has found. The main reasons: a reduction in skilled nursing facility (SNF) reimbursements and an increase in the use of home health care. Medicare policymakers launched the Comprehensive […]
Managing chronically ill patient populations across years and becoming a go-to resource for behavioral health needs are among Elara Caring’s biggest priorities over the next several months. Industry consolidation and increasing partnerships with large-scale payers and health systems will also be on the Addison, Texas-based provider’s radar, CEO G. Scott Herman told Home Health Care […]
Massachusetts home care company enters Philadelphia market Private-pay in-home care company HouseWorks LLC has acquired Caring Friends Home Care. The acquisition propels the Massachusetts-based HouseWorks into the Philadelphia market, while positioning the company for future growth throughout Pennsylvania. Financial terms of the acquisition were not disclosed. HouseWorks, which is backed by health care investor RAB […]
The Centers for Medicare & Medicaid Services (CMS) is proposing to further expand Medicare Advantage (MA) flexibilities for certain in-home services and supports for chronically ill Americans starting in 2020, the agency announced Wednesday. The move is in line with CMS’ larger goals of broadening the scope of the MA program, which has quickly grown […]
Home Instead Inc. — the international franchise company behind the Home Instead Senior Care network — is joining forces with senior-friendly tablet startup GrandPad in an attempt to reduce client loneliness and improve connectivity. As part of the new partnership — announced Tuesday — the Omaha, Nebraska-based home care franchiser has also made a “significant” […]
Apple Inc. (Nasdaq: AAPL) and Aetna — a CVS Health (NYSE: CVS) company — are joining forces on a new app. It uses the Apple Watch to help Aetna members hit their well-being goals and avoid negative health outcomes. The app — christened “Attain” — is yet another example of an insurer pursuing a creative […]
The aging population of the United States and the rising cost of health care will likely cause federal spending to skyrocket over the next decade — with a noticeable spike surfacing even sooner than previously anticipated. Federal spending on programs that provide services for adults age 65 or older — Medicare and Social Security, namely […]
Last year’s smooth integration of Almost Family — formerly one of the biggest home health providers in the country itself — has broadened LHC Group’s (Nasdaq: LHC) geographic footprint and bolstered its dealmaking confidence. That will be key looking ahead to 2019, as M&A activity across post-acute care segments is expected to remain robust. With […]
With more than 1,180 total transactions valued at a whopping $121.5 billion, 2018 was a record-breaking year for health care dealmaking volume. The home health and hospice segments, in particular, saw the highest multiples. The latest insights into health care dealmaking come from the 2018 year-end report from international auditing and accounting powerhouse PricewaterhouseCooper (PwC). […]
Less than a month into 2019, it’s already safe to say private equity’s interest in home care opportunities likely won’t slow down in the new year. On Wednesday, PE-backed Simplura Health Group closed on its acquisition of Personal In-Home Services, propelling Simplura into the West Virginia market and expanding its footprint to six states in […]
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