While it’s no secret newbie home care franchise owners are sometimes prone to making a few common mistakes, veteran franchise owners aren’t immune to error, either. Even well-established franchisees can fall into bad habits or abandon best practices if given enough time. Here are the top three ways home care veterans can lose sight of best […]
Male stroke sufferers without caregivers are more likely to end up in a long-term care facility than those who have more help, according to a new study published in the Oct. 26 edition of the Journal of the American Geriatrics Society. Within five years of a stroke, 21.3% of the study’s 560 participants were placed […]
Publicly announced home health and hospice M&A activity held steady with fewer transactions than years past in the third quarter of 2017, after hitting a recent low last quarter. The sector saw 10 transactions in the third quarter of 2017, representing no change from the second quarter, according to research conducted by Norwalk, Connecticut-based Irving Levin Associates. Only […]
Though home health investors appear to have regained confidence in the industry last month, uncertainty over the Home Health Groupings Model (HHGM) lies ahead. The market value of the three largest publicly traded home health companies rose 8.66% in September, according to the Home Health Index October update from M&A advisory firm Stoneridge Partners. The share price […]
The rising number of aging Americans is likely to drive transformation in how seniors age in place, from technology advances to real estate designs, according to a recent report from the Massachusetts Institute of Technology (MIT) Center for Real Estate. The latest census data shows the number of Americans age 65 or older is projected to be 83.7 million by 2050, according […]
While many home-based care providers have struggled with high turnover in recent years, one home care franchisor is bucking that trend. Headquartered in Cincinnati, FirstLight Home Care has an average retention rate of 80% across its entire network of 240 franchise territories in 33 states. The franchisor offers non-medical services such as Alzheimer’s and dementia care, personal […]
Treating older adults for depression through home health care could reduce the risk of hospitalization, according to a Dartmouth College study published in the Journal of the American Geriatrics Society. In fact, treatment lowered the hospitalization risk by 35% within 30 days of starting home health care, and 28% lower within 60 days for older adults who participated […]
A new bipartisan bill introduced in the U.S. House of Representative aims to keep some low-income seniors in their homes longer by giving them access to home care services covered by Medicare Advantage. H.R. 4006, or the “Community Based Independence for Seniors Act,” would create a new community-based institutional special needs plan (CBI-SNP) demo program for community- and home-based […]
High-quality Medicare programs and a healthy senior population have made Colorado, Maine, and Hawaii the best states in the U.S. for growing old, according to new rankings from U.S. News & World Report. To come up with its rankings, U.S. News examined the 50 states across 12 metrics, including life expectancy, quality of Medicare programs, cost of care, […]
A lawsuit claiming the state of California and Los Angeles County owe overtime pay to more than 169,000 home health care workers will move forward as planned, a federal judge ruled on Sept. 28. Plaintiff Trina Ray in June asserted a claim for unpaid overtime wages against the California Department of Social Services (DSS) and Los Angeles County on behalf of herself […]
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