Despite expectations that home health admissions in the U.S. would drop in Q3 2018, both home health admissions and utilization continued to increase slightly quarter-over-quarter. Meanwhile, Centers for Medicare & Medicaid Services (CMS) data shows hospice utilization rose to record-breaking levels in the third quarter of 2018, while hospice admission growth declined slightly. The findings […]
Category: Hospice
HomeCare.com alum joins LifeMatters Silver Spring, Maryland-based home care provider LifeMatters has hired a new COO. Daniel Gold comes to the position after serving as executive vice president and COO of HomeCare.com, which offers tools and technologies to connect families and caregivers. Gold has worked in different capacities within the post-acute care since the early […]
Aging Media Network on Tuesday launched its fifth digital publication, Hospice News, which covers the $28 billion business of hospice and palliative care. As demand for hospice continues to grow, Hospice News will provide industry insights, information and analysis that leaders, investors, and policymakers need to navigate this evolving business and regulatory landscape. Visit www.hospicenews.com for the […]
Encompass Health Corporation (NYSE: EHC) announced Monday that it has reached a definitive agreement to acquire “substantially all of the assets” of Birmingham, Alabama-based Alacare Home Health & Hospice. Under terms of the deal, Encompass Health will pay $217.5 million for the privately-owned company, SEC filings show. The more than $200 million price tag for […]
The Office of the Inspector General (OIG) is making good on its long-held promise to ramp up oversight of home- and community-based services, requesting an extra $10 million in its fiscal year 2020 budget to tackle fraud, waste and abuse in those areas. The extra funding — which would increase this portion of OIG’s budget […]
Another large health system is breaking into home health care and hospice. Dallas, Texas-based Cornerstone Healthcare Group made its first dive into the spaces earlier this month with the acquisition of Phoenix, Arizona-based Southland Home Health. Financial terms of the deal were not disclosed. The acquisition is the first of many similar deals in the […]
Intermountain launches home-based clinical care program Utah-based Intermountain Healthcare — a health system with 22 hospitals, more than 180 clinics and its own health insurance plan — is adding home-based clinical care to its list of services. The new offerings, which are set to roll out over the next few months, will include primary care, […]
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 […]
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 […]