During the early days of the coronavirus in the U.S., home health agencies and personal care services providers were largely exploring uncharted territory, learning and adapting on the fly. As time goes on, however, home-based care operators are increasingly gaining access to new tools, deeper insights and proven best practices — all of which are […]
Home-based care providers who have received emergency relief loans as a result of the coronavirus are in luck. Some commonly criticized aspects of the Paycheck Protection Program (PPP) are on the chopping block. On Wednesday, the Senate unanimously voted to approve a bill to reform the program, which was created by the CARES Act and […]
Family health care decision-makers have followed the devastating effects that the COVID-19 virus has had on the long-term care facilities. That experience is now pushing them toward home-based care, new data suggests. Over 50% of family members are now more likely to choose in-home care for their loved ones than they were prior to the […]
The absence of widespread testing continues to be a major roadblock when it comes to curbing the spread of the coronavirus in the U.S. One company, ConcertoHealth, is helping to close the care gap with its home-based COVID-19 testing and treatment program. Since the start of the COVID-19 emergency, many people in the U.S. have […]
During the peak of the coronavirus outbreak, LHC Group Inc. (Nasdaq: LHCG) executives were working seven days a week at the company’s Lafayette, Louisiana-based headquarters, practicing social distancing and running a workforce that was largely operating from home. Similar to other home health providers, LHC Group faced declining visits and general uncertainty during the first […]
It has been 80 days since President Donald Trump declared a national emergency because of the COVID-19 virus. Since then, almost every home health care agency has been adversely affected, with the vast majority of businesses experiencing sharp decreases in Medicare reimbursement, admissions and overall revenue, a new Home Health Care News survey reveals. While […]
Nearly every industry in the country is feeling the impact of the COVID-19 virus in one way or another. And the home-based care space is far from immune. However, the in-home care M&A landscape remains relatively strong. While deal activity will undoubtedly slow as a result of the coronavirus, the future looks bright, according to […]
Industry experts have predicted a rise in home health bankruptcies amid the COVID-19 virus. But home health providers likely won’t be the only ones affected by tighter cash flows and unexpected expenses. Ultimately, there’s likely to be increased bankruptcy filings across health care, particularly in industries such as skilled nursing and senior living. That, in […]
From a financial perspective, home health agencies nationwide are struggling to provide care amid the coronavirus. Providers are juggling lower patient volumes and a lack of telehealth reimbursement while also navigating astronomical personal protective equipment (PPE) prices and increased low utilization payment adjustment (LUPA) rates. In New York, those factors and others are expected to […]
Mercy Home Health — a Medicare-certified home health agency under the Trinity Health Mid-Atlantic health system — is no stranger to telehealth. Remote monitoring has been part of the Philadelphia-area provider’s game plan for more than a decade — and a key value-add that has helped the agency nearly double its patient volumes in recent […]