UnitedHealth Group (NYSE: UNH) signaled confidence in its merger with Amedisys (Nasdaq: AMED) in a document prepared for shareholders. An earlier draft of the document, marked as “privileged and confidential,” was mistakenly sent to a STAT reporter, according to the publication. After STAT informed UnitedHealth of its intentions to report on the document, UnitedHealth posted […]
Category: Hospice
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 […]
The National Alliance for Care at Home (the Alliance) published a new report on perceptions of hospice care among underserved populations, revealing significant knowledge gaps – including a lack of awareness that hospice care can be delivered in the home. The Alliance’s CONNECT to Care Report, conducted by Transcend Strategy Group and published yesterday, found […]
A lawmaker introduced a bill to Congress requiring Medicare Advantage (MA) plans to pay for hospice care, creating potential fallout for home health providers that offer hospice services. Mollie Gurian, vice president of policy and government affairs at LeadingAge, an association of nonprofit providers of aging services, called the bill, H.R. 3467, “very ill-conceived.” “Not […]
Aveanna Healthcare’s (Nasdaq: AVAH) preferred payer strategy has generated positive outcomes for its home-based care segments – and is set to gain even more traction after the company’s recent acquisition of Thrive Skilled Pediatric Care. Specifically, Aveanna has focused on partnering with preferred payers that reimburse on an episodic basis to expand its margins, improve […]
The Pennant Group (Nasdaq: PNTG) is not stopping its plans for growth following the announcement that the company agreed to acquire home health centers from Amedisys (Nasdaq: AMED) and UnitedHealth Group (UHG) (NYSE: UNH). The company reported a robust acquisition pipeline in both its home health and hospice and senior living segments during its first […]
Addus HomeCare (Nasdaq: ADUS) reported a strong start to 2025 – driven largely by its personal care segment. The company’s personal care segment accounts for 76.5% of the business and has grown through several acquisitions over the past few years. In Q1, Addus’ personal care business saw a 7.4% organic revenue increase year-over-year, which CEO […]
Home-based care providers that also offer hospice services face a proposed 2.4% increase in per diem payments – a figure likely insufficient to meet rising operational costs and growing patient demand. The U.S. Centers for Medicare & Medicaid Services (CMS) on Friday announced its proposed hospice payment rule featuring the payment increase, which was lower […]
In addition to providing excellent patient care, home-based care providers must be well-versed in matters of public policy, according to Dr. Steven Landers, CEO of the National Alliance for Care at Home. Changing regulations and workforce shortages have created a churning undercurrent of risk in both the home health and hospice industries, Landers said. In […]
Aveanna Healthcare Holdings Inc. (Nasdaq: AVAH) is still working on executing its transformation strategy — which focuses on preferred payers and obtaining adequate rates from its government partners — while also navigating a tricky labor environment. For 2024, the company’s goal was to increase the number of private-duty services preferred payer agreements from 14 to […]
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