The old adage “there is strength in numbers” has stood the test of time because it’s largely true. To remain competitive and gain an edge over competitors, home care operators must form strategic partnerships with a wide variety of organizations. Common examples include collaborations with transportation companies like Uber (NYSE: UBER) and Lyft (Nasdaq: LYFT), […]
The Ohio State University Wexner Medical Center and Alternate Solutions Health Network have partnered to form a new home health joint venture. The mission of the OSU-affiliated JV is to increase access to home-based care. Kettering, Ohio-based Alternate Solutions Health Network is a national provider of post-acute solutions, including home health and hospice services. Meanwhile, […]
Amazon (Nasdaq: AMZN) takes another step toward health care almost monthly. Lately, one of its biggest focuses has been the shift of health care into the home. The Seattle-based company announced in March that it was expanding its on-demand health service, Amazon Care, from just its employees in Washington to the entire country. It also […]
In the home health business, providers rise and fall with their people. Recruitment and retention difficulties have been the bane of home health operators for years. Even during a once-in-a-generation pandemic filled with health hazards, cash-flow challenges and personal protective equipment (PPE) problems, it was staffing shortages that kept the bulk of organizations up at […]
In light of the COVID-19 emergency, adult day centers across the country were forced to temporarily shut down or operate at limited capacity. Now, adult day providers are navigating how to safely open back up again. Broadly, adult day centers give seniors access to community-based social and health services. This can include recreational activities, meals, […]
The M&A market is heating up again now that uncertainty tied to the COVID-19 crisis is waning. Another factor that could increase transactions and shift the market, though, has nothing to do with home-based care. Instead, it’s President Joe Biden’s proposed increase to the capital gains tax. Broadly, a capital gains tax is applied to […]
The idea of a doctor entering the home to treat a patient, a type of medical visit otherwise known as a “house call,” may bring to mind television sitcoms of yesteryear rather than the current health care landscape. But as the COVID-19 emergency continues and more people start to embrace home-based care, there’s a case […]
Turnover rates in the home care industry have taken an up-and-down rollercoaster ride over the past few years, jumping from 66.7% in 2019 to 81.6% in 2018, then falling back down to 64.3% in 2019. Yet in 2020, turnover across U.S. home care agencies remained mostly flat, climbing ever so slightly to an overall rate […]
The Helper Bees (THB), an “insurtech” company that works with payers and home-based care providers, has acquired healthAlign, a similarly positioned convener also focused on the home. It’s a move that reflects the larger shift of health care services into the home, a trend that provides an opportunity for organizations like THB and healthAlign to […]
Special purpose acquisition companies (SPACs) have risen to immense popularity in the past 12 months. Many are becoming more intrigued by senior-focused investments as well. Ultimately, that could lead to a shift in the home-based care M&A environment. SPACs — sometimes referred to as “blank-check companies” — offer an alternative to the traditional route of […]
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