As the U.S. population has grown older, more and more senior care startups have launched, with most targeting the aging-in-place space. In the past five years, in fact, venture capital firms have invested more than $2.5 billion into a seemingly never-ending list of elder care and home health startups, according to a recent Crunchbase report. […]
Two senior living providers — LifeSpire of Virginia and Pinnacle Living — have teamed up to provide home-based care services through a new joint venture agreement. The partnership comes at a time when more senior living providers are incorporating home-based care into their service lines, a trend that hasn’t played out too well in the […]
It has been over a year since industry insiders predicted that home care franchise systems could experience accelerated growth brought on by the COVID-19 pandemic. Following rising unemployment and widespread business closures, many believed prospective entrepreneurs would turn to more mission-oriented careers, with home care and aging-in-place models presenting lots of upside. While it’s difficult […]
One of the largest independent home care companies in the Pacific Northwest is getting larger, and it’s doing so to position itself as a better partner to payers and health systems. The Liberty Lake, Washington-based Family Resource Home Care announced Tuesday that it is acquiring two independent home care providers based in Oregon, bringing its […]
ModivCare Inc. (Nasdaq: MODV), previously known as The Providence Service Corporation, wants to claim the vast but highly fragmented U.S. supportive care space. To do so, it’s in the process of becoming a one-stop shop for its payer partners, with home-based care at the core of its evolving business model, President and CEO Daniel Greenleaf […]
Humana Inc. (NYSE: HUM) announced Monday that it has entered into an agreement to acquire onehome, a home-focused, post-acute care company. The acquisition brings the Louisville, Kentucky-based Humana closer to its goal of being one of the premier home-based care providers in the country, its executives believe. Officially dubbed “One HomeCare Solutions,” the Miramar, Florida-based […]
The Medicare Advantage (MA) opportunity isn’t one that has happened overnight for home care providers, with some industry insiders even describing it as a “slow burn.” In more recent years, a shift has begun to take place, however. Although MA has become a bigger piece of the overall Medicare program puzzle, home care only stepped […]
Help at Home — a provider of home- and community-based services (HCBS) — is considering going public. The Chicago-based company has even selected banks to help it prepare for an IPO later this year, Bloomberg News reported. More providers are considering public exits thanks to an increasing demand for home-based care, promising outlooks for public […]
Since COVID-19 vaccines became more widely available in the U.S., home health providers have been working to “get shots in the arms” of vulnerable, homebound populations. The U.S. Centers for Medicare & Medicaid Services (CMS) announced new support for those providers on Wednesday. As part of the Biden administration’s commitment to increasing access to vaccinations, […]
The Medicare Advantage (MA) market is controlled mostly by big payers, as the top 10 plans control over 75% of the market. Then there is a 50-foot cliff. Yet at the bottom of that cliff, there are the smaller MA payers who are often more willing to explore and innovate to stand out. Examples of […]
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