Signify Health was purchased by CVS Health (NYSE: CVS) for $8 billion in March 2023. Now, it’s one of the core tenants of CVS Healthspire, the health care services segment that CVS executives are banking on to drive future growth for the company. The Dallas-based Signify is a health care platform that combines technology, analytics […]
On April 23, the Federal Trade Commission (FTC) voted 3-2 to finalize a new rule largely prohibiting employers from enforcing non-competes against workers. While the regulatory timeline on the non-compete ban is fairly immediate, the rule will face intense legal pressure from a variety of groups, mainly of which will come from health care. Regardless […]
Home-based care stakeholders are navigating a very different environment than they were in the past. No one understands that better than prolific acquirers like HouseWorks, PurposeCare and Care Advantage. All three companies are doing unique things to maintain growth in 2024, however. Firstly, over the last few years, there has been a vast chasm between […]
On Tuesday, Centers for Medicare & Medicaid Services (CMS) officials vehemently backed the thought process behind the “80-20” wage mandate in home- and community-based services (HCBS). Providers and advocates, on the other hand, continued to argue that the policy could be disastrous. During a press call Tuesday, CMS stuck with the theme that, in general, […]
The “Ensuring Access to Medicaid Services” rule has been finalized. Most importantly, the bemoaned “80-20” provision has gone through as proposed, meaning providers will eventually be forced to direct 80% of reimbursement for home- and community-based services (HCBS) to caregiver wages. First proposed by the U.S. Centers for Medicare & Medicaid Services (CMS) in April […]
Every year, home health providers await the release of the U.S. Centers for Medicare & Medicaid Services’ (CMS) proposed payment rule. While home health providers are likely months away from seeing a proposal, it’s worth examining if what’s happening in other care settings could offer a clue of what to expect. CMS released the 2025 […]
Transaction volume for home health, home care and other in-home care businesses dipped in 2023, with inflation, higher interest rates and global unrest contributing to the downturn. Many home-based care stakeholders anticipated M&A to rebound in 2024, however, thanks to increased loan activity in January, greater buyer-seller consensus and private equity’s record-high levels of “mature” […]
COVID-19 took a lot out of Americans, both personally and professionally. For Shelly Sun, the founder and then-CEO of BrightStar Care, 100-hour work weeks in 2020 and 2021 became commonplace. Sun was no stranger to hard work. She had led her company from a single location home care agency to a nationwide home care franchise […]
It was a turbulent start to the year for the health care giant UnitedHealth Group, driven by the cyberattack on Change Healthcare and a U.S. Department of Justice (DOJ) antitrust investigation. Amid the DOJ investigation, UnitedHealth Group’s planned acquisition of the home health company Amedisys Inc. (Nasdaq: AMED) came into focus, with reports circulating that […]
Home care agencies that are part of larger franchise networks get to reap the benefits of operating under established names and reputations. But that doesn’t stop franchise owners from thinking up various ways to stand out in the crowd. Franchise owners at companies like Always Best Care, Right at Home and Griswold Home Care are […]
