More than 15,000 home-based care providers nationwide received loans of less than $150,000 under the Paycheck Protection Program (PPP). California, Florida and Texas saw the most agencies receive such loans, boasting a total of nearly 5,400 home-based care recipients across all three states, a Home Health Care News analysis of publicly available PPP data found. […]
In response to the COVID-19 emergency, the federal government distributed billions of dollars in CARES Act relief funding to health care providers, including Medicare-certified home health agencies. In some cases, though, the funds are being held up due to the distribution process. That’s a costly hold-up for providers, many of which are using the relief […]
Long-term care centers such as skilled nursing facilities (SNFs) have taken the biggest hit as a result of COVID-19. More than 40% of all virus-related deaths have been tied to nursing homes, a statistic that is scaring away a large number of potential and former residents. Instead of facility-based care, more seniors are now opting […]
Caregivers at Excel Home Care can expect a pay bump in the coming weeks. Horsham, Pennsylvania-based Excel Home Care is a non-medical personal care agency that began operating under the Help at Home umbrella in 2017. Help at Home is a Chicago-based home care company that operates in 13 states. In May, Pennsylvania Governor Tom […]
As the U.S. health care system shifts away from a fee-for-service mentality toward value-based care, in-home care providers must find new ways to improve patient outcomes and demonstrate their value. That’s especially true as the health care system is stretched thin amid the coronavirus public health emergency. For All Metro Health Care — a large, […]
Oak Street Health — a network of value-based primary care offices for Medicare beneficiaries — has filed the initial paperwork to go public. The Chicago-based organization announced the news Friday. While Oak Street Health doesn’t provide home health care itself, its interdisciplinary care teams are equipped to provide telehealth visits and in-home care in addition […]
Even before the coronavirus hit, cash flow was poised to be a problem for home health providers in 2020. The Patient-Driven Groupings Model (PDGM) shortened home health billing periods from 60 days to 30, creating a cash flow crunch for agencies during their first few months under the new model, which took effect Jan. 1. […]
While few industries have been left unscathed by the impacts of the COVID-19 emergency, the senior housing market has been one of the hardest hit. But a decline in senior housing occupancy could leave room for in-home care providers to step up and fill long-term care gaps. Overall, senior housing occupancy hit a record low […]
Despite the resurgence of the coronavirus in the U.S., home health providers might not have to worry about another sudden drop in admissions. When the coronavirus first began its rapid spread across the country, jumping from a long-term care facility in Washington to the New York metropolitan area in a matter of days, many hospitals […]
Smaller home-based care agencies could be forced to close their doors as a result of the coronavirus, creating merger-and-acquisition opportunities for larger providers in the space. However, the Paycheck Protection Program (PPP) adds a new layer of complexity to some of those M&A opportunities, specifically if an acquisition target is the recipient of a PPP […]