In the latest sign that home health technology is entering a more intense phase of development, a home diagnostics startup has secured $35 million from investors, the company announced Monday. The Series B funding comes two years after the Silicon Valley-based company, Scanadu, raised almost $1.7 million from more than 8,500 backers on the crowdfunding […]
Home health care revenues declined slightly on a national basis for the third straight year in 2013, but a significant number of individual states bucked that trend. From a peak of more than $19.5 billion in 2010, total home health agency revenues dropped to about $18.1 billion as of 2013, according to recently released data […]
Home health care aides accounted for more criminal convictions in fiscal year 2014 than any other provider type investigated and prosecuted by Medicaid Fraud Control Units (MFCUs) throughout the United States. Out of 1,318 criminal convictions in 2014, 30% involved home health care aides, according to the recently released annual report on MFCU activity from […]
Suppliers of certain home health products soon will be able to bid for contracts to begin in 2017, the Centers for Medicare & Medicaid Services (CMS) has announced. There are nine product categories in this Round 1 2017 bidding, which is a recompete of the contracts awarded in the Round 1 Recompete of the Medicare […]
Humana Inc. (NYSE: HUM) has acquired Your Home Advantage, a multi-state provider of nurse practitioner in-home visits, in a move that highlights the growing importance of home care to one of the nation’s most prominent health care organizations. Known as one of the largest insurers to specialize in privately managed Medicare health plans, Louisville-based Humana has in recent […]
Home health leaders at a recent Congressional hearing voiced strong support of proposed legislation to revamp the Medicare post-acute payment system, but the role of care coordinators emerged as a sticking point for other provider types and some lawmakers. Patient-centered care coordination is essential to improving post-acute care and should be a centerpiece of payment […]
Home health agencies now can refer to an updated version of the Medicare manual that clarifies requirements for physician certification and recertification of patient eligibility for services, including changes to the face-to-face encounter requirement. The Centers for Medicare & Medicaid Services recently released the manual updates and a memorandum summarizing them. The changes reflect policies first […]
IBM’s supercomputer known as “Watson” might be best known for winning the game show Jeopardy!—but home health care providers might soon think of the artificial intelligence technology as an important ally in keeping patients out of the hospital. With the help of such big names as Apple, Johnson & Johnson and Medtronic, IBM is launching […]
Three big names in health care technology are furthering their reach into home care by offering new products to capture, share, and analyze patient data from wearable devices and sensors. The offerings—one from Cerner Corp. (NASDAQ: CERN) and Qualcomm Life, Inc., (NASDAQ: QCOM) and the other from Royal Philips (NYSE: PHG; AEX: PHIA)—are meant to […]
The cost of home care services continues to grow more slowly than the cost of assisted living and nursing home care, according to newly released findings from insurance company Genworth. “This gradual increase in cost for home care is good news for many consumers,” the 2015 Cost of Care Survey report states, noting that most people […]
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