New prices for durable medical equipment looks to save billions for both Medicare and its beneficiaries over the next decade, announced the Centers for Medicare & Medicaid Services (CMS) on Wednesday. Between 2013 and 2022, the CMS Office of the Actuary estimates Medicare will save $25.7 billion for its Part B Trust Fund, and $17.1 […]
Category: Medicaid
Spending on senior care services, which includes skilled nursing, home health care and assisted living are predicted to grow 5.2 percent annually and will amount to $319.5 billion by 2016 according to the Freedonia Group. Skilled nursing saw facilities revenue come in at $106.9 billion in 2011 according to the study and are projected to […]
A former home health care agency provider in Virginia was sentenced this week to 51 months in prison for health care fraud and alteration of records in addition to a consecutive sentence for other charges. Former owner of A Caring Hand Home Health Care Services Inc. Janice Holland, pled guilty in September to the fraud […]
As the “baby boom” generation edges closer toward retirement years, running alongside the large, post-World War II demographic will be an increase in the demand for elder care services. Through 2016, revenues for elder care are expected to reach $319.5 billion, growing at a rate of 5.2% each year, according to a recent study from […]
Home health agencies are planning to invest most in marketing and training of their staff in 2013 according to results from a survey published by Home Health Line. Consisting of responses from 159 home health care agencies, 52.2% said they planned to invest most of their money on education and training, with another 37.1% saying […]
Health care spending in the United States exceeded the total reported in the National Health Expenditure Accounts (NHEA) in 2010 by $3.2 trillion, according to a report from the Deloitte Center for Health Solutions. A value that is 23.9% higher than what was reported by NHEA, the additional increase bears Deloitte’s report’s title, “The Hidden […]
The demographic of the old, particularly the baby boomer generation, will play a key role in upcoming policy changes, notes an article from the New York Times. For decades, boomers’ retirement has been recognized as having monumental impacts on the economy. Contributing to the large-scale changes in the American population, aging boomers will carry more […]
The 2012 HomeCare Elite list was announced last week, ranking the top 100 and top 500 home health agencies in the nation. Gentiva Health Services, Amedisys Home Health, and Maxim Healthcare Services topped the list this year. Using publicly available data from Home Health Compare and the Centers for Medicare & Medicaid Services (CMS), OCS […]
Aging demographics in the U.S. are indicative of a “megatrend” seen throughout the world, reports CNBC, and governments across the globe are starting to look for ways to provide efficient and cost-effective long-term care for seniors. Long-term care encompasses skilled nursing, assisted living, and home health care, the article notes, but regardless of setting, it’s […]
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 […]
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