Shortly after Jocelyn Mayo founded Pampering Plus, a Pennsylvania-based company that provides medical and nonmedical at-home services, a caregiver and private-pay client struck a deal to continue working together while cutting the agency out of the picture. Luckily, buyout agreements previously made with both parties helped Mayo recoup some of her losses. “[The client] […]
2018 was a banner year for the Medicare-certified home health care industry. Big providers got even larger through creative mergers and acquisitions. Admissions and utilization numbers held strong. New telehealth opportunities started to emerge. And, in general, revenues remained high. The upcoming year brings much uncertainty, however, with the main culprit being the Patient-Driven Groupings […]
The industry-shaping mega merger between Almost Family and LHC Group (Nasdaq: LHCG) is ahead of schedule and exceeding expectations in a number of key categories, LHC Group executives said Thursday during the 37th Annual J.P. Morgan Healthcare Conference in San Francisco. In addition to ramping up Almost Family admissions, quality scores and margins, Lafayette, Louisiana-based […]
Home health care is projected to be one of the hottest health care sectors for growth and investment in 2019. That’s according to an investment outlook survey from professional services firm KPMG and health care intelligence business Leavitt Partners. As part of the survey, researchers polled 175 healthcare CFOs, investment bankers and private equity executives […]
After adding 23 home health locations and 22 hospice locations in 2018, Encompass Health (NYSE: EHC) plans to spend tens of millions of dollars to further bolster those areas in 2019. Preparing for 2020 regulatory changes will also remain top of mind for the company in the year ahead. “If you think about our priorities […]
It’s been roughly four years since Amedisys Inc. (Nasdaq: AMED) named Paul Kusserow as its president and CEO, a move effectively marking the beginning of the home health giant’s turnaround effort. Since December 2014, Amedisys has added a personal care business line and expanded its hospice presence, while largely outperforming industry players and broader U.S. […]
Telemonitoring has long been touted as a way to reduce hospitalizations. But when paired with home health care for heart failure patients, that may not always be the case. Still, there are reasons — from both a cost and outcomes perspective — for home health providers to consider implementing telemonitoring for this patient group. That’s […]
In 2017, Missouri lawmakers voted to change how home health funding was distributed by effectively raising the bar on a needs-based patient scoring system. The change, lawmakers had hoped, would cut state spending on home-based services and save tens of millions of dollars in the process. But a recent state audit suggests those savings have […]
Advances in home-based care capabilities and being able to properly address social determinants of health for older adults and chronically ill populations are among “the most impactful” influences on the U.S. health care system, according to Bruce Broussard, CEO and president of Humana Inc. (NYSE: HUM). Shifts in primary care, pharmacy services and behavioral health […]
One of Michigan’s largest health systems and a national provider of post-acute solutions have teamed up in a new home health and hospice joint venture designed to expand patient access to care. The new JV is between the Southfield, Michigan-based Beaumont Health and Alternate Solutions Health Network, a Kettering, Ohio-based organization that specializes in rolling […]
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