BrightSpring adds new clinical, compliance execs BrightSpring Health Services, one of the country’s largest home and community-based health services providers for high-need populations, has hired a new chief clinical officer and a new chief compliance officer. Susan Sender will take the reigns as the company’s chief clinical officer, while Rachael Kurzer Givens has been named […]
Category: Home Health Care
Roughly $108.8 billion is projected to be spent on home health care in the United States in 2019, according to a newly released analysis from the Centers for Medicare & Medicaid Services (CMS) Office of the Actuary. U.S. expenditures on home health care are projected to hit $186.8 billion by 2027. An aging population, a […]
Aveanna Healthcare to acquire Maxim’s home health care division Atlanta-based Aveanna Healthcare has entered into a definitive agreement to acquire the home health care division of Maxim Healthcare Services. Financial terms of the transaction — expected to close in the second quarter of 2019 — were not disclosed. Privately-owned Aveanna Healthcare is made up of […]
Illinois has joined a number of states set to raise their minimum wage dramatically in the years to come. Gov. J.B. Pritzker (D-Ill.) on Tuesday signed a law raising minimum wage to $15 an hour by 2025. The move has drawn praise from caregiver advocates and criticism from industry leaders — who worry home health […]
LHC Group (Nasdaq: LHCG) Chairman and CEO Keith Myers is again calling on Congress to pass legislation refining the assumption-based payment adjustments currently outlined under the Patient-Driven Groupings Model (PDGM). The co-founder of the Lafayette, Louisiana-based company recently penned an article in The Hill emploring legislators to pass S. 433, a new bipartisan bill that […]
After spending decades as a corporate executive, Chicago area-native Gary Ratkiewicz decided to enter the home care industry for the same reason many people do: He was inspired by personal experience. After navigating his parents and son through end-of-life care, he bought his first BrightStar Care location in Tinley Park, a southwest suburb of Chicago, […]
Brookdale Senior Living Inc. (NYSE: BKD) saw its home health revenue decrease by more than 7% in 2018 compared to the previous year, though it stabilized somewhat during the Brentwood, Tennessee-based company’s most recent quarter. The year-over-year drop was largely due to Brookdale’s intentional efforts to shift its case mix toward lower-rate managed care ahead […]
Newly introduced bipartisan legislation in the U.S. Senate is targeting the widely opposed behavioral adjustments set to hit home health agencies next year under the Patient-Driven Groupings Model (PDGM). If passed, the legislation would require the Centers for Medicare & Medicaid Services (CMS) to base Medicare reimbursement rates on observed evidence and data, instead of […]
For the most part, home health stocks performed well in January, with Amedisys Inc. (Nasdaq: AMED) and LHC Group Inc. (Nasdaq: LHCG) both seeing double-digit gains. But while Amedisys and LHC Group saw their stock values climb, Addus HomeCare Corporation (Nasdaq: ADUS) saw its stock dip. That’s according to the latest Home Health Index (HHI) […]
The Centers for Medicare & Medicaid Services (CMS) is taking further steps to cure lack of interoperability within the health care system, an issue that has long plagued the home health industry. On Monday, CMS released proposed rules that require many providers and insurers to adopt a secure, standard format for electronic patient data by […]