Earlier this spring, a home care worker for Arosa+LivHome and her husband were on the brink of eviction, largely due to the financial strain caused by the COVID-19 pandemic and other uncontrollable circumstances. To complicate the situation further, the home care worker was pregnant, Arosa+LivHome CEO Ari Medoff told Home Health Care News. In all […]
The Providence Service Corporation (Nasdaq: PRSC), one of the nation’s largest managers of non-emergency medical transportation programs, has entered into a definitive agreement to acquire home-based care organization Simplura Health Group. Expected to close in the fourth quarter of this year, the all-cash transaction places an enterprise value of $575 million on Simplura, which is […]
LHC Group Inc. (Nasdaq: LHCG) has become known for its aggressive joint venture strategy over the years. But like any relationship, healthy JVs require ingenuity, commitment and compromise — otherwise, they risk going bad. For the Lafayette, Louisiana-based LHC Group, a key secret to success has also been its “all health care is local,” community-first […]
The U.S. Centers for Medicare & Medicaid Services released a treasure trove of new Medicare Advantage (MA) statistics late Thursday. While the new numbers flag a general rise in MA enrollment and drop in premiums, they also reveal a massive expansion of the supplemental benefit programs that have gotten home care operators so excited over […]
Between the Patient-Driven Groupings Model and the COVID-19 virus, home health providers are arguably facing the most volatile environment in their industry’s history. At the same time, millions of people are now looking for safer and simpler ways to receive care, which only boosts demand for in-home care services. Looking back, rapidly evolving technology, legislation […]
The U.S. Centers for Medicare & Medicaid Services (CMS) took a new step on Wednesday to support care transitions from long-term care facilities into home- and community-based settings. On Wednesday, CMS announced the availability of up to $165 million in supplemental funding to states currently operating Money Follows the Person (MFP) demonstration programs. MFP programs […]
While many senior care providers are currently trying to work themselves into the home, two of the largest in-home care franchise companies have found a way to work themselves out of it. Senior Helpers and BrightStar Care have each launched real estate-based business lines over the past few years. Both have managed to build on […]
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 […]