With the home health industry less than one month away from the Patient-Driven Groupings Model (PDGM), agencies large and small certainly have their work cut out for them. Looking ahead, the only way to thrive in the midst of the upcoming payment overhaul will be to avoid maintaining the status quo. With a more complex […]
Electronics retail giant Best Buy (NYSE: BBY) is planning to rapidly scale its health care segment, which is broadly aimed at helping seniors age in place through remote patient monitoring. The Rochester, Minnesota-based company reemphasized its focus on increasing the amount of seniors they serve on a third-quarter earnings call with investors and analysts last […]
At 79 deals and counting through November, home health and hospice mergers-and-acquisitions activity for 2019 is poised to exceed the previous year. That’s according to newly released data from Norwalk, Connecticut-based Irving Levin Associates. Founded in 1948, the firm provides market intelligence to health care professionals and senior care providers. Overall, 2018 saw 85 total […]
Home health industry insiders throughout 2019 have frequently speculated on the “carnage” likely to take place next year when the Patient-Driven Groupings Model (PDGM) pushes smaller, ill-equipped agencies out of business. Generally, the narrative goes something like this: As the biggest overhaul to home health reimbursement in two decades, PDGM will significantly disrupt agency cash […]
To better position themselves for changing demographics and other industry headwinds, a sizable chunk of home health providers plan to further diversify their specialty services within the next two years. That’s mostly true for everything apart from therapy-related services, which virtually no providers plan on expanding anytime soon. That’s at least according to a new […]
Over the past couple of years, programs for home-based continuing care retirement communities (CCRCs) have become more common. The trend is not surprising, as the CCRC-at-home concept is a unique service model that allows older adults to enjoy the benefits of an all-inclusive CCRC while aging in place. Among active programs is Springpoint Choice, a […]
By eliminating visit-volume thresholds and tying reimbursement more closely to need, the Patient-Driven Groupings Model (PDGM) will likely steer the home health care industry away from therapy and toward nursing. Although PDGM officially starts on Jan. 1, home health providers have already begun to shift their therapy utilization strategies to better line up with the […]
LHC Group (Nasdaq: LHCG) announced that Donald D. Stelly, president and chief operating officer, will step down from the role on Dec. 31. “I sincerely want to thank Keith, the board, and my fellow colleagues for their support and encouragement over the past 14 years at LHC Group,” Stelly said in a statement on Tuesday. […]
Before becoming the CEO of Caring Brands International and head of Interim HealthCare, Jennifer Sheets worked as an ICU nurse in Tennessee, routinely taking care of the health care system’s most vulnerable. Sheets still carries that experience with her today, both in the appreciation she has for Interim’s employees and via the leadership skills she […]
Home health, hospice and personal care giant Amedisys Inc. (Nasdaq: AMED) has entered a definitive agreement to acquire Asana Hospice. The financial terms of the deal — slated to close Jan. 1, 2020 — were not disclosed. Asana is a hospice care provider with locations in Pennsylvania, Ohio, Missouri, Kansas and Texas. As a part […]