As older adults more frequently choose to remain in their homes and communities, new companies that help make aging in place possible are beginning to spring up. It’s important for home care agencies to familiarize themselves with such up-and-coming entities, experts say, as many offer home care-adjacent services that could spell stolen business. Among these […]
Category: Innovation
While home-based cardiac programs could be the key to improving rehab participation and outcomes for heart attack survivors, reimbursement often stands in the way. However, one remote patient monitoring company has cracked the code to developing a successful model and getting it paid for — possibly creating a framework or partnership opportunities for home-based care […]
With the rapidly aging population in the U.S., the need for dementia care isn’t going anywhere anytime soon. The specialty remains ripe with opportunity for in-home care providers, industry experts say. In fact, the boom in specialized dementia care is a big reason why home care has taken over health care’s center stage of late. […]
With its recent transition to a nonprofit model, Bayada Home Health Care has been busy. Since the 2016 announcement, the company found a new CEO in David Baiada, gifted $20 million to employees and hit one million clients served, just to name a few highlights. Next up for the billion-dollar home-based care provider? Finding new […]
Medicare Advantage plans could get even more flexibility to address social determinants of health for beneficiaries if Health and Human Services Secretary Alex Azar has his way. In turn, that could mean even more opportunities for home care providers to offer and be reimbursed for services such as companion care, bathing, transportation and more. “Our […]
Over the years, there have been a number of home care-adjacent startups that have entered the market and attempted to provide services that could potentially rival those offered by traditional providers. One up-and-coming company is now setting its sights on helping older adults age in place by becoming a TaskRabbit for seniors. The company is […]
Home care is often singled out for being slow to embrace and implement technology, but as the demand for care services grows, providers are forced to think outside of the box when it comes curbing caregiver turnover. San Francisco-based home care startup Honor understands this all too well, according to CEO Seth Sternberg. The company […]
CVS (NYSE: CVS) has entered the in-home dialysis market. The company announced Wednesday it is beginning a clinical trial of its new home hemodialysis system this week. By enabling in-home treatment, CVS could allow patients with end-stage kidney disease to receive more frequent care, with the goal being to improve outcomes. Typically, patients with kidney […]
A key ally for home health providers and a major proponent of value-based care may be leaving his federal post. The Trump administration revealed late Wednesday it has nominated Adam Boehler — director of the Center for Medicare & Medicaid Innovation (CMMI) and a senior adviser to the secretary of the U.S. Department of Health […]
The financial well-being of home- and community-based care providers often depends on Medicaid reimbursement, which has stagnated throughout much of the country in recent years. One state is trying to rebalance the equation with a first-of-its-kind annual inflation increase for all Medicaid home care and hospice direct fee-for-service rates. Last June, the Rhode Island General […]