It’s no secret that home-based care providers are struggling when it comes to recruiting and retaining employees. In 2018, turnover in the home care industry hit an all-time high of 82%, while home health saw an average turnover rate of about 21.23%. Some factors contributing to the problem — such as the tight labor market […]
When it comes to the Patient-Driven Groupings Model (PDGM) and the impact the overhaul will have on the home health industry in 2020, outlook largely varies depending on who you talk to. On one hand, some industry insiders have told Home Health Care News that PDGM — mandated to be budget neutral by Congress — […]
The Review Choice Demonstration (RCD) is expanding. The Centers for Medicare & Medicaid Services (CMS) announced Monday that home health providers in Ohio will be next in line for RCD, a revived version of the failed Pre-Claim Review Demonstration (PCRD) meant to combat improper billing. Home health providers in Illinois — the only state with […]
Humana Inc. (NYSE: HUM) is seeing Medicare Advantage (MA) growth like never before, a point that contributed to its strong second quarter performance. The home-focused health insurance giant only expects membership to continue to boom in the months to come, executives predicted on a Q2 earnings call Wednesday. In Q2, Humana’s group MA membership was […]
Encompass Health Corp. (NYSE: EHC) has lowered internal estimates on how the Patient-Driven Groupings Model (PDGM) will impact its home health operations, though the company remains firmly against assumption-based behavioral adjustments included in the payment overhaul. CEO Mark Tarr — along with home health and hospice segment leader April Anthony as well as other execs […]
With just five full months to go before the Patient-Driven Groupings Model (PDGM) becomes a reality, home health providers have reached crunch time. As it has been all along, the assumption-based behavioral adjustment baked into PDGM remains the home health industry’s No. 1 issue. Orginally, the behavioral adjustment was estimated to create a 6.42% payment […]
When it comes to asset valuation, the home health and hospice industries continue to blow the rest of health care out of the water, posting the highest trading multiples sector-wide for the third consecutive quarter. In Q2 2019, home health and hospice had the highest mean trading multiple of 22.7 times EBITDA, up from 21.8 […]
Arosa+LivHome announces fifth acquisition of 2019 Arosa+LivHome has agreed to acquire The Cameron Group, an Orlando, Florida-based care management and home care agency. On top of that, the Bain Capital Double Impact-backed provider announced the acquisition of Senior Care Management Associates (SCMA) and Companion & Home Care, both located in North Carolina. Financial terms of […]
Despite the competition that often exists between home health care agencies and skilled nursing facilities (SNFs), the industries have more similarities than differences. As such, they should be leaning on and learning from each other, experts say. “I know that home health is struggling in a lot of ways — there are a lot of […]
Keeping older adults out of the hospital and moving care into the home has been effective in cutting costs and improving overall health outcomes. One home health company has been able to lower its hospital readmission rates by utilizing remote patient monitoring software. The company is Paramus, New Jersey-based Valley Home Care, a home health […]
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