Flexpoint Ford, LLC, a private equity firm that focuses on the health care and financial services sectors, has completed the $71 million sale of IntegraCare Holdings, Inc. to Kindred Healthcare, Inc. The transaction includes a potential $4 million earn out based on 2013 earnings. IntegraCare, headquartered in Grapevine, Tex., is a Medicare and Medicaid certified […]
Category: Medicaid
A New York federal court has ruled against reducing care for Medicaid beneficiaries receiving services at home, following a suit filed in January 2011 by the U.S. attorney’s office in Manhattan that accused the city of vastly overbilling Medicaid for a home care policy authorizing around-the-clock care for people who allegedly didn’t qualify for it, […]
Indiana will receive $78 million in new grant funding to help seniors and people with disabilities live in communities and receive care there rather than going to a nursing home or another assisted living community. Under the federal health care law, the state was awarded the new funding, announced Tuesday by the Centers for Medicare […]
Low income seniors may have new opportunities in receiving home health care in at least six states, as Medicaid recently announced the states’ adoption of a new program that focuses on funding “health homes” for beneficiaries with chronic conditions, according to a paper published by the Kaiser Commission. Seniors on low income budgets are part […]
Aging baby boomers will face a challenge in the demands that are now putting increasing pressure on providers of home health care, writes an Associated Press article. The home health care industry is expected to see a boom in coming years, adding 1.3 million jobs, according to the U.S. Labor Department. “If those jobs can’t […]
On July 31, the Centers for Medicare & Medicaid Services (CMS) announced the launch of the new Program Integrity Command Center, meant to speed up the process of identifying fraud and stopping criminals from defrauding the Medicare and Medicaid programs. The announcement came shortly after Senators Orrin Hatch (R-Utah) and Tom Coburn (R-Okla.), both part […]
Iowa’s home care industry will reap the benefits of a $62 million grant funded by the Centers for Medicare and Medicaid Services (CMS) in an effort to help long term Medicaid beneficiaries over the next three years by expanding availability of home care, according to the Iowa Department of Human Services. The grant was awarded […]
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