Synergy HomeCare has partnered with Compassus. The deal will allow the pair to offer both companies’ services to their clients. Synergy is a Gilbert, Arizona-based non-medical home care franchise that operates roughly 170 franchise locations nationwide. Nashville, Tennessee-based Compassus offers home health care services, plus infusion therapy, palliative care and hospice care. Currently, the company […]
Category: Home Health Care
The federal government saw $2.2 billion in civil fraud recoveries in 2020. Roughly 82% of those settlements and judgments — about $1.8 billion — were from matters related to the health care sector. That’s according to a recent report from Nashville, Tennessee-based law firm Bass, Berry & Sims. The report examined significant health care fraud […]
Home health agencies spent 2019 prepping for the Patient-Driven Groupings Model (PDGM) — and it may have saved some of them from more dire outcomes tied to COVID-19. As providers transformed to become more efficient and technologically driven, they inadvertently readied themselves for a public health emergency that no one saw coming. “One of the […]
Humana Inc. (NYSE: HUM) continues to make significant investments when it comes to building a home-based care strategy. Currently, the Louisville, Kentucky-based company’s in-house home-based care business lines include Humana At Home and Kindred at Home, the largest home health provider in the U.S., according to LexisNexis. The insurer complements those capabilities with a wide […]
Millions of Medicare fee-for-service beneficiaries are referred to home health services each year, with roughly one-third of those individuals sent to in-home care to recover after an institutional stay. Yet a significant portion of those referrals never follow through on their home health orders, which often ends up being a costly problem for hospitals and […]
The U.S. government has reached a $230 million deal to produce rapid at-home COVID-19 tests that can be purchased for $15 to $30 over the counter, the Biden administration announced Monday. The deal is with Ellume USA LLC, an Australia-based diagnostics company. For home-based care providers, testing is still paramount as the vaccine rollout continues. […]
Similar to most companies this time of year, home-based care organizations are going through their budgeting and planning processes for the next 12 months. Budgets are thoughtful, strategic financial frameworks that are decided upon annually, with an eye toward the future. But this time around, providers are making spending plans with the insights gained from […]
Brigham and Women’s Hospital in Boston was among the very first to secure an “Acute Hospital Care at Home” waiver from the U.S. Centers for Medicare & Medicaid Services (CMS) in November. That shouldn’t be too surprising, considering Dr. David Levine, an assistant professor of medicine at Harvard Medical School, is one of the biggest […]
Nursing home occupancy rates have plummeted during the COVID-19 pandemic, with hospitals, families and others opting for in-home care over institutional care settings. And that trend may very well become permanent, recent data suggests. Since the start of last spring, nursing home operators have faced fewer new admissions, particularly short-term rehabilitation patients. The growing number […]
Grant Avenue Capital recently acquired Salt Lake City-based Valeo Home Health & Hospice from Eduro Healthcare, an operator of skilled nursing facilities. The financial terms of the deal were not disclosed. New York-based Grant Avenue Capital is a middle-market private equity firm focused on health care. Founded in 2011, Valeo Home Health & Hospice has […]