After reporting troubles with its home-based care business and divesting home-focused technology company Current Health, Best Buy Health has laid off 161 employees. The layoffs will go into effect on Sept. 12, according to California’s Worker Adjustment and Retraining Notification (WARN) report. Boston-based Best Buy Health, a subsidiary of Best Buy, provides virtual care, consumer […]
New research shows that a virtual at-home care program has the ability to curb costs for hospitals. However, the cost savings differed based on payer mixes, according to a recent study published in JAMA Network Open. As the virtual at-home care program studied was not currently reimbursed, hospitals lost money for patients with Medicare or […]
On Thursday, a bipartisan group of lawmakers introduced legislation to extend the hospital-at-home waiver, which has been a source of significant uncertainty for the home health industry. The Hospital Inpatient Services Modernization Act, if passed, would allow hospitals to extend successful hospital-at-home programs for an additional five years. It would also orchestrate a study focusing […]
In recent years, in-home cancer care has gained momentum. New research suggests that 100% of patients are comfortable with in-home cancer treatments, and almost two-thirds prefer it over in-clinic care. Researchers analyzed patients enrolled in the Mayo Clinic’s Cancer Care Beyond Walls program and found that patients slightly preferred in-home cancer therapy to in-clinic care […]
Best Buy (NYSE: BBY) has sold its home-focused technology company, Current Health, back to the company’s co-founder and former CEO, Christopher McGhee. The sale comes less than four years after Best Buy acquired the company. In a statement released Tuesday, McGhee confirmed his return as CEO of Current Health. He said he plans to build […]
The home health, home care and Program of All-Inclusive Care for the Elderly (PACE) landscape saw a fresh crop of deals this month. h/care adds American Premier to its platform h/care is growing its platform and expanding its Arizona footprint through a partnership with American Premier Home Health, Hospice, and Palliative Care. “Phoenix is one […]
One home-based care veteran believes that the short-term funding waiver reimbursement structure is stymying hospital-at-home’s growth. BrightStar Care Founder Shelly Sun Berkowitz called the hospital-at-home model an “absolute game changer” for patients and the health care system – but has identified reimbursement barriers preventing these programs from accelerating. “The frustrating truth is, this incredible vision […]
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 […]
At-home care providers are looking to the future. This means seriously investing in alternative home-based care models, such as hospital-at-home and Program of All-Inclusive Care for the Elderly (PACE). DispatchHealth, Contessa Health and Alivia Care are some of the organizations that have jumped headfirst into alternative home-based care models, enabling the creation of more comprehensive […]
Last week, Best Buy Health announced during an earnings call that it was restructuring its health division due to the slow adoption of at-home care. CEO Corie Barry specifically pointed to its hospital at home (HaH) program as an issue because of “inconsistencies” in the duration the Acute Hospital Care at Home program, currently set […]
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