A week after DispatchHealth and Medically Home closed their merger, reports emerged that Medically Home experienced a drop in valuation and other financial struggles. A 498-page document, accidentally sent to Medically Home employees and then leaked to Axios, indicated a “dramatic” loss in valuation, according to the outlet. The high-acuity, in-home medical care provider reportedly […]
Category: Home Health Care
The Medicare Payment Advisory Commission’s (MedPAC) June report to Congress examined home health care use among Medicare Advantage (MA) and traditional Medicare patients and found that MA enrollees receive 11% fewer home health visits compared to Medicare fee-for-service. The report, issued Thursday, largely found “relatively modest” differences in home health use between MA and Medicare […]
At-home care is reaching a crisis point, according to Scott Levy, chief government affairs officer at the National Alliance for Care at Home (the Alliance). The pressure on providers is not only unsustainable – it threatens access to cost-saving in-home care. Already, over one-third of patients referred to home health fail to receive those services. […]
BrightSpring Health Services (Nasdaq: BTSG) is looking to increase synergies across its service lines by expanding home-based care programs. Specifically, the company is looking to expand its home infusion, home-based primary care and rehab service lines, according to Jennifer Phipps, BrightSpring’s executive vice president and chief financial officer. Overall, BrightSpring is expecting its home health […]
This week, my screens have been full of images and videos of Marines and National Guard members attempting to quell Los Angeles protests denouncing the Immigration and Customs Enforcement (ICE) agency’s aggressive raid strategy. As people across the U.S. take to the streets to decry ICE and the Trump administration’s approach to the L.A. protests, […]
Home-based care providers are always innovating new ways to recruit and retain care staff, but companies are still getting the most mileage out of internal word-of-mouth referrals. Companies that heavily invest in employee referral programs, including creating social media groups, physical materials employees can hand out and email campaigns with current and former employees, have […]
The Centers for Medicare & Medicaid Services (CMS) recently announced updates to the Accountable Care Organization (ACO) “REACH” Model, which provides private home-focused health care providers with an opportunity to participate in risk-sharing agreements with traditional Medicare. The new updates are essentially “tweaks” based on learnings acquired through the first two years of the program’s […]
On Tuesday, BrightSpring Health Services (Nasdaq: BTSG) announced that its majority shareholder, the investment firm KKR & Co. (NYSE: KKR), plans to sell 14 million shares of BrightSpring stock through a secondary offering, with the option to sell up to an additional 2.1 million shares. KKR owns almost 93 million BrightSpring shares, representing 54.2% of […]
Enhabit (NYSE: EHAB) is aiming to be a home health provider of scale in order to better negotiate with plans and forge relationships with referrers – but the path to this goal has been more time-consuming than the company’s leaders originally envisioned. To achieve more referral partners and increase patient volume, Barb Jacobsmeyer, president and […]
Bayada Home Health Care — one of the largest U.S. providers of home-based care — has reduced its headquarters staff by 10%, or roughly 100 jobs. The company stated that the layoffs are the result of operating in a difficult reimbursement environment. “While Bayada is stable, strong and growing, we operate in a challenging environment […]
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