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 […]
Category: Home Health Care
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 […]
In 2019, LHC Group hit the 100,000 mark for its patient census, revved its M&A engine and doubled down on its joint venture strategy with hospitals and health systems. It did all that while aggressively preparing for the Patient-Driven Groupings Model (PDGM) and finalizing the integration of the industry-shaping Almost Family acquisition. For all those […]
In the past, home health providers could almost exclusively focus on quality of patient care, sit back and watch their businesses thrive. Today, there are far more variables to factor into the equation for operational success. That’s according to registered nurse Donald Lirette, who also happens to serve as executive director and owner of Bayou […]
Home health providers struggling with the delivery of therapy services may soon have increased access to an up-and-coming telerehab tool that’s promising to disrupt the traditional physical therapy model. Sword Health, a tech-enabled physical therapy provider, announced that it has received $9 million more in funding for its Series A round. The additional funds bring […]
FirstLight Home Care’s 2019 success was a catalyst for lofty 2020 aspirations. One of the major drivers of last year’s prosperity was employee-assistance programs (EAPs). EAPs are specially designed employee benefit packages offered by certain employers. Over the past few years, they’ve more frequently included caregiver benefits, prompting home-based care agencies to take notice. Some […]
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