The home health and hospice segment of The Pennant Group Inc. (Nasdaq: PNTG) has been a shining star ever since the company successfully spun off from The Ensign Group (Nasdaq: ENSG) about six months ago. But the coronavirus outbreak is now stealing some of the spotlight. Pennant leadership discussed overall company growth and the potential […]
Category: Home Health Care
COVID-19 — the viral disease more commonly known as the coronavirus — is spreading. Already, concern has grown throughout the senior living and skilled nursing spaces, especially after confirmed cases surfaced at a Kirkland, Washington-based long-term care facility. The home health care industry has also started to prepare for possible disruption. “People have been asking […]
The Patient-Driven Groupings Model (PDGM) is shaking up the home health industry in a way that hasn’t been seen in years. Now with two months of the payment overhaul under their belt, providers are trying to predict the greater impact PDGM will have on the industry moving forward. Perhaps no one understands that potential impact […]
BrightSpring Health Services is once again on the move. The goal: to create a multi-faceted, fully integrated health care powerhouse with a suite of services focused on the home. It’s been nearly one year exactly since global investment firm KKR and an affiliate of Walgreens Boots Alliance Inc. (Nasdaq: WBA) closed on their $1.32 billion […]
Under the Patient-Driven Groupings Model (PDGM), 80% of home health agencies are experiencing a difference in reimbursement compared to the old Prospective Payment System (PPS). Of those, the vast majority — 82% — are experiencing a decrease in reimbursement. That’s according to a recent survey of 127 home health agencies conducted by information technology firm […]
Two Florida health systems, Empath Health and Stratum Health System, are merging. The two health care organizations revealed the news last week. Stratum Health System is the network that oversees and supports both Approved Home Health and Avidity Home Health, two agencies with multiple locations in southwest Florida. Empath Health, which focuses on patients with […]
At Amedisys Inc. (Nasdaq: AMED), phones are ringing off the hook, with smaller home health providers calling the Baton Rouge, Louisiana-based company to talk about dealmaking opportunities. LHC Group Inc. (Nasdaq: LHCG) is experiencing much of the same, so much so that its top executives anticipate “historic” consolidation over the next several months. Elsewhere in […]
BrightStar Care is looking to expand its footprint in 2020, specifically into markets such as Nashville, Tennessee, Albuquerque, New Mexico, Cleveland and Seattle. The Chicago-based in-home care franchise is also in the middle of a push to break into the Pennsylvania market. As part of its business model, BrightStar offers medical-level in-home care, non-medical home […]
A decade from now, there will be more people older than 65, more home-based care offerings than ever — and likely more self-driving cars out on the roads. And believe it or not, driverless cars — or autonomous vehicles — will make their mark on the home-based care space, just as they’ll affect shipping, retail […]
The Pennant Group Inc. (Nasdaq: PNTG) announced that a subsidiary of Cornerstone Healthcare Inc. — its home health and hospice portfolio company — has agreed to form a home health joint venture with San Diego-based Scripps Health, a nonprofit health system. The deal is expected to be finalized in the third quarter of 2020. The […]
Subscribe
Receive industry updates and breaking news from HHCN