Year after year, startups in the health and wellness space capture more venture capital dollars than almost any other business sector, apart from maybe cybersecurity or financial technology. Despite VC’s heavy focus on health, early-stage companies that specifically operate in the aging services and senior care arenas often go overlooked. Launched in July by one […]
This year’s edition of Inc. magazine’s 5,000 fastest-growing, privately held U.S. companies featured several in-home care providers, many of which have continued growing amid the COVID-19 pandemic. Of those businesses are 24 Hour Home Care, Senior Solutions Home Care and Assisted Living Services — organizations that all share similar themes in their ascents. Their founding […]
Blue Bell, Pennsylvania-based Griswold Home Care is finding its stride after a key leadership addition to start the year. The large home care franchiser named Michael Slupecki CEO in February — and it’s been a journey ever since. Slupecki, who previously served as CFO of the national specialty pharmacy BioMatrix before joining Griswold, had only […]
Ready, an on-demand health care startup that delivers home- and community-based services, has raised $54 million in Series C funding. Among the investors in its latest funding round: GV, the venture capital arm of Alphabet Inc. (Nasdaq: GOOGL), the parent company of Google. The recent boost in funding has brought Ready’s valuation to over $350 […]
When Dr. Cleamon Moorer, Jr., acquired American Advantage Home Care Inc. in June 2019, he understandably envisioned the Patient-Driven Groupings Model (PDGM) being his business’s No. 1 challenge in the year ahead. But then the COVID-19 virus came along, forcing Moorer to totally rethink his home health agency’s priorities and future plans. So far, that […]
Originally, home-based care providers were largely exempt from the mandates tied to the Families First Coronavirus Response Act (FFCRA), including significant paid sick and family leave for workers during the COVID-19 crisis. Yet in early August, a court ruling by the Southern District of New York found that the U.S. Department of Labor (DOL) had […]
Job seekers have long had the upper hand when it comes to hiring in the home health and home care markets. But that’s quickly changing, new data suggests. For years, both home health and home care agencies have struggled to hire enough workers to meet demand for their services, which continues to skyrocket as America’s […]
When thinking about home care, burgers and burritos are probably not the first things that come to mind for many. But a recent partnership between a major franchise development organization and an in-home care franchise company has pulled them into the same conversation. Frisco, Texas-based Golden Heart Senior Care recently announced that it has partnered […]
Although the concrete details are unknown, the federal government appears to be taking steps toward distributing point-of-care COVID-19 diagnostic tests to home health agencies, which have largely been prioritized behind skilled nursing facilities (SNFs) and other congregate aging services providers. The U.S. Department of Health and Human Services (HHS) announced on Aug. 27 that it […]
One of the chief concerns for seniors that home care providers have helped tackle over the years has been medication management. That concept is now being taken to the next level by a handful of companies operating in the home-based care arena. HouseWorks, a large Boston-based provider of private-pay home care, has partnered with the […]