With the caregiver shortage at an all-time high and Medicare Advantage (MA) opportunities expanding like never before, the Home Care Association of America (HCAOA) has been busy. Currently, the trade association — which serves as the home care industry’s unified voice in state and federal governments — is busy with policy initiatives to bring more […]
Global private equity firm Advent International has entered a definitive agreement to acquire AccentCare from its current PE-backer, Oak Hill Partners. Financial terms were not disclosed. The acquisition is one of six home health PE deals announced so far this year, with fewer industry deals happening at a slower pace than in years past. In […]
Thrive is an HHCN series that explores the successes, struggles and strategies of home care owners and operators on the local level. Renee Rand knows all about persevering and moving forward. She lost dozens of clients and caregivers after Camp Fire — the deadly wildfire that swept through Northern California in 2018. Since then, the […]
Recognizing the competitive value of home care providers, a growing number of employers in various industries have started offering caregiving benefits as a way to improve workers’ attendance, morale and performance. While programs vary, they often offer employees a set number of subsidized care days per year — preventing workers from taking time off when […]
As currently structured, the Patient-Driven Groupings Model (PDGM) will completely change how and when home health providers deliver therapy services. It will do so in multiple ways, most notably by eliminating the use of therapy service thresholds as a factor in payment determinations. It’s a move the Medicare Payment Advisory Commission (MedPAC) has long recommended. […]
A bipartisan group of U.S. lawmakers has begun planting the seeds to eliminate Medicare’s physician-certification policy — which many home health industry insiders have critiqued as outdated. If successful, the move could potentially make it easier for older adults to gain access to home health care and have a major impact on providers’ bottom line. […]
While telemonitoring is often facilitated through tablets or smartphones using the internet, AT&T (NYSE: T) and remote patient monitoring company Anelto Health are hoping to change the game with their new in-home technology for seniors. The two-way cellular hub, called HomeAssure, is already being used by at least five home health agencies, creators say. On […]
The home care industry’s biggest problem — turnover — is only getting worse. Already cited as the No. 1 challenge plaguing home care agencies across the country, the median caregiver turnover rate skyrocketed to 82% in 2018, according to this year’s Home Care Benchmarking Study by market research and education firm Home Care Pulse. That […]
Home health providers from coast to coast are scrambling to prepare their operations ahead of the Patient-Driven Groupings Model (PDGM) — but what comes after the new model’s implementation could cause agencies an even bigger headache. In the months after PDGM goes into effect, home health audits — much like bankruptcies — are expected to […]
The number of publicly traded home health companies in operation may soon rise by one, as The Ensign Group Inc. (Nasdaq: ENSG) signaled Monday its intent to spin off and grow a separate business under the name The Pennant Group Inc. Plans for the spinoff — expected to close toward the end of 2019 — […]
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