Salaries for home health and hospice corporate executives will see a planned increase of 2.73% in 2019, a new industry compensation report has found. Execs from agencies with under $30 million in annual revenues are set for the biggest salary bump. Findings come from the recently released 2018-2019 Multi-Facility Corporate Compensation Report, produced by the […]
Category: Hospice
Despite falling short of analysts’ Q4 revenue estimates, LHC Group Inc. (Nasdaq: LHCG) finished the quarter and 2018 strong, thanks in part to revenue and admission growth in its home health and hospice lines. Acquisitions and joint ventures, which set overall valuation records in 2018 for LHC Group, played a large role in the company’s […]
FirstLight expands leadership team amid rapid growth To accommodate recent growth, FirstLight Home Care has created and filled seven new positions, expanding its focus in areas such as technology, talent acquisition and franchise development. While the hires are new, growth within the nine-year-old Cincinnati-based home care company is not. In 2017 alone, the franchisor […]
Despite a recent uptick in M&A activity within the hospice space, many industry leaders still see private duty home care and medical home health care as the greatest growth areas for the in-home care industry in 2019. Meanwhile, the year ahead will also be filled with new technology adaptation, driven by payment model changes and […]
Encompass Health Corporation (NYSE: EHC) posted solid revenue growth in the fourth quarter of 2018, despite an ongoing Department of Justice (DOJ) investigation, continued hurricane recovery efforts and uncertainty about future home health payment changes. Volume growth within the Birmingham, Alabama-based company’s home health and hospice segment was a driving factor in its success. Encompass […]
The Ensign Group (Nasdaq: ENSG) achieved its highest-ever adjusted earnings per share during the fourth quarter of 2018, the company announced Wednesday. That’s thanks in part to growth and success in the California-based provider’s home health and hospice services segment. Growth within the space will likely outpace that of Ensign’s skilled nursing subset, President and […]
Amedisys Inc. (Nasdaq: AMED) — already one of the country’s largest independent home health providers — has closed on its $340 million acquisition of Compassionate Care Hospice. In doing so, the Baton Rouge, Louisiana-based company in one fell swoop dramatically expands its end-of-life care presence and becomes the third-largest hospice provider in the U.S. as […]
Humana updates management team with internal hires Health insurance giant Humana Inc. (NYSE: HUM) has filled two leadership roles with internal candidates. The Louisville, Kentucky-based company has promoted Joseph Ventura to General Counsel and named Douglas Stoss interim lead for Humana’s Office of Corporate Affairs. Both will serve as members of the company’s management team. […]
It’s been a hectic time since Bill Dombi officially took over as president of the National Association for Home Care & Hospice (NAHC) about 11 months ago. Perhaps more than anything, though, it’s been a period punctuated by the introduction of the Patient-Driven Groupings Model (PDGM), the biggest payment overhaul the home health industry has […]
Using a virtual reality headset and the story of a veteran with lung cancer, a Los Angeles-based company is showing caregivers what it’s like to die in hospice care. The goal of the simulation, created by Embodied Labs, is to bring new dimensions to employee training. “People will say, ‘Oh, so you’re teaching empathy, right?’ […]