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 […]
Category: Home Health Care
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 […]
The COVID-19 public health emergency has placed a spotlight on the importance of care coordination. One company, Prospero Health, is positioning itself as a one-stop shop when it comes to providing care for older adults. Founded in 2019, Boston-based Prospero Health is a team-based home health company that provides supportive care to seniors with advanced […]
Both during and after the COVID-19 crisis, success will favor the innovators. Providers that can adjust their business operations accordingly and keep up with the sweeping regulatory changes will have a massive advantage moving forward. Conversely, those resistant to the new, post-coronavirus normal run the risk of being left behind. “The easy prediction is that […]
VNA Health Group was one of the first home health care agencies to candidly speak about its experience with the coronavirus — and it has been a vocal industry advocate on the topic ever since. President and CEO Dr. Steven Landers detailed some of the organization’s financial and regulatory challenges for Home Health Care News […]
Like all home health providers, Nizhoni Health has had to adapt on the fly to stay afloat amid the coronavirus emergency. But with a patient population often living with highly complex mental illnesses, the Massachusetts-based home health provider has had to face very unique challenges as well. Leaning on a strong technology infrastructure has allowed […]
Amid the coronavirus, the Trump administration has rolled out a number of changes to the U.S. immigration system, including travel restrictions and a move last month to suspend most immigrant visas for 60 days. President Donald Trump said the goal was to protect jobs for U.S. citizens, as unemployment has climbed to record highs in […]
Here’s the situation: Amid the coronavirus, a home health provider needs to figure out how to source enough personal protective equipment (PPE) so that its 3,000 caregivers can serve roughly 9,000 senior patients. While looking for supplies, it must also consider that pricing is 10 times higher than usual and the fact the organization has […]
Brookdale Senior Living Inc. (NYSE: BKD) is still recovering from COVID-19 headwinds that have negatively impacted its home health service line. Brookdale is one of the largest senior living owners and operators in the country, with nearly 750 retirement communities that serve roughly 65,000 residents. Its health care services department includes hospice and home health […]
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