On Monday, Home Instead announced that CEO Jeff Huber will be onboarding as a co-chair at Serve America Together, a campaign aimed at advancing efforts to make national service part of growing up in America. The appointment comes as the home-based care franchiser ramps up growth domestically and abroad. Serve America Together — which has […]
The U.S. Centers for Medicare & Medicaid Services (CMS) may have to get creative if it wants to avoid the formation of home health deserts in 2020 and beyond. One possible solution: revisiting the current six-year overpayment lookback rule. As part of its efforts to curb fraud, waste and abuse, CMS finalized a rule in […]
Home health aides in Colorado who work in private residences are not entitled to overtime pay under state law, a U.S. appeals court ruled Wednesday. The ruling comes from the 10th U.S. Circuit Court of Appeals, which was reviewing a legal against against Maxim Healthcare Services Inc., a privately held medical staffing company based in […]
Despite an overall solid fourth-quarter performance that sent the company’s stock soaring on Wednesday, Brookdale Senior Living Inc. (NYSE: BKD) is still watching its home health segment lag behind. Brentwood, Tennessee-based Brookdale is one of the country’s largest owners and operators of private-pay senior living communities. The company operates 763 owned, leased and managed senior […]
Phones are apparently ringing off the hook at Amedisys Inc. (Nasdaq: AMED). Although the home health industry has yet to complete month No. 2 under the Patient-Driven Groupings Model (PDGM), Amedisys has already fielded plenty of inquires from peers looking to exit the market or absorb into the Baton Rouge, Louisiana-based home health, hospice and […]
Nascentia Health, a home-focused health system based in New York, recently notified its staff that it was forced to lay off 71 employees across 48 counties. The nonprofit, which formerly employed nearly 800 employees, was forced to do so because of New York’s Medicaid cuts. The company estimates that it will lose $400 million from […]
Mercy Home Health — the Medicare-certified home health arm of the Trinity Health Mid-Atlantic health system — has grown by 45% over the past five years. That strong growth has come despite an increasingly complex home health patient population nationwide and added financial pressure from Medicare. Using telemedicine to drastically curb hospital readmissions has been […]
Private equity players are sitting on more dry powder than ever before, entering 2020 with a reported $1.5 trillion in unspent capital. In all likelihood, a portion of this cash will go into the in-home care space. In general, the health care sector has already seen an increase in private equity investment over the past […]
With less than nine months before the 2020 U.S. presidential election, home care workers in early primary states are urging remaining presidential candidates to address the ongoing caregiver crisis and raise wages. Nationally, the demand for caregivers continues to grow, as an estimated 10,000 adults turn 65 every day. And while home care is one […]
Over the past few months, there have been dozens of anecdotal examples of home health agencies cutting back on therapy, whether that’s in the form of layoffs, visit reductions or converting full-time therapists to PRN status. In these examples, the Patient-Driven Groupings Model (PDGM) and Medicare reimbursement changes are often cited as the trigger. Home […]