As Medicare Advantage (MA) continues its rapid rise, nonprofit home health care companies are grappling with unsustainable reimbursement rates, with some forced to walk away from specific care plans. Nonprofit home-based care providers are increasingly struggling to absorb the financial losses associated with Medicare Advantage (MA) plans, which now cover the majority of Medicare beneficiaries […]
Home health and hospice provider Intrepid USA has recently filed for bankruptcy. The company filed a petition for Chapter 7 bankruptcy in the Southern District Court of Texas in late May, according to court documents. Filing for Chapter 7 bankruptcy results in a straight liquidation, according to Adam Stein-Sapir, a bankruptcy expert at Pioneer Funding […]
As media use evolves, the options for home-based care marketing are increasing. Providers of home care and home health must consider the benefits and risks of platforms, including TikTok, television and print ads, before investing dollars that may be increasingly more stressful to spend as margins become slimmer. Home-based care companies must also consider substantial […]
Home-based care providers face rising challenges to maintaining healthy margins in today’s reimbursement landscape. Nonetheless, precise cost reporting, disciplined payer relationships and operational efficiencies are proving to be among the strategies essential to surmounting these challenges. Leaders in the home-based care industry say these strategies are key to navigating the growing financial strain caused by […]
Valir PACE acquires Cherry Blossom PACE Valir PACE, a care provider for older adults through the Program of All-Inclusive Care for the Elderly (PACE), has acquired Cherry Blossom PACE. “Our mission has always been to provide the highest quality of care to the most vulnerable in our communities, and we look forward to building on […]
Many home health agencies (HHAs) adopted telehealth during the COVID-19 pandemic, but the tool is increasingly falling out of favor. Of the total number of HHAs offering telehealth, 19% stopped using the technology by the end of 2024, according to a new study published in Health Services Research. The majority, 14%, of these HHAs were […]
As demand for caregivers grows with the aging population, home-based care providers are increasingly relying on millennial and Generation Z employees. Expanding workforces is critical for an industry beset by workforce shortages – but if providers fail to update their approaches to recruitment and retention, they risk losing valuable employees. To attract and retain millennial […]
Alliance appoints new leadership positions The National Alliance for Care at Home (the Alliance) has announced the addition of two new leadership roles to its advocacy team. The organization appointed Hillary Loeffler its vice president of policy and regulatory affairs. She comes to the Alliance from the Centers for Medicare & Medicaid Services (CMS), where […]
Less than one quarter of single and partner households aged 75 and older can afford a daily visit from a home health aide. Certain populations, including renters, households of color and people with functional difficulties, are even less likely to be able to afford care, according to a new paper published by the Joint Center […]
Best Buy (NYSE: BBY) reported significant restructuring costs in Q1 as it overhauled its health care business, which is experiencing slower-than-expected performance in its home-based care division. The company spent $109 million in restructuring charges during the first quarter, largely tied to the restructuring initiative in its Best Buy Health business, according to the company’s […]
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