Kindred Healthcare, Inc. (NYSE:KND) announced on Tuesday the closing of its previously announced, $95 million acquisition of Senior Home Care, Inc. The transaction was financed with Kindred’s operating cash flows and proceeds from a revolving credit facility. Senior Home Care, a home health provider with 47 locations in Florida and Louisiana, currently generates annualized revenues […]
Category: Medicare
The Centers for Medicare & Medicaid Services (CMS) on Friday tweaked a rule that will result in $200 million less paid to home health agencies in 2014. The rule for calendar year 2014 cuts Medicare payments under the Home Health Prospective Payment System (HH PPS) by 1.05%, which is slightly lower than the 1.5% outlined […]
DecisionHealth and National Research Corporation (NASDAQ: NRCIA and NRCIB) have teamed up to deliver the 2013 edition of HomeCare Elite, highlighting the top-performing home health agencies across the U.S. Now in its eighth year, HomeCare Elite identifies the top 25% of Medicare-certified home health agencies and highlights the top 100 and 500 agencies overall. HomeCare […]
Home and community-based services provider Addus HomeCare Corporation (NASDAQ:ADUS) reported a 43% increase in net income in the third quarter ended Sept. 30, 2013 driven by increased average census. Net income rose from nearly $1.8 million in 2012’s third quarter to nearly $2.6 million, while net income from continuing operations increased 25.7% to $2.8 million, or […]
A Orlando, Florida hospice company will pay $3 million to settle allegations over providing services under Medicare who were not terminally ill. Hospice of the Comforter Inc. has agreed to settle allegations that it violated the False Claims Act in its submission of Medicare claims for hospice services, according to the Department of Justice. The […]
Gentiva (NASDAQ:GTIV) reported revenues of $410.5 million for the third quarter ended Sept. 30, 2013, a 3.3% decrease from the previous year that the company blamed on the home health Medicare rate reduction and sequestration. Home health revenue stayed flat for the quarter at $206.9 million compared to $206.4 million in the same quarter of […]
The state of New York has recovered more than $200 million from the federal government after identifying more than twice that amount in payment errors related to home care beneficiaries who are dually eligible for Medicare and Medicaid. The N.Y. Department of Health’s Fiscal Group received a $211 million payment representing the state’s share of […]
Support for new legislation on telemedicine will cut Medicare and Medicaid costs, the American Telemedicine Association said this week in response to a bill introduced by four members of Congress that would cover some tele health services under Medicare payment bundles for post-acute care. H.R 3306, The Telehealth Enhancement Act of 2013, introduced October 22 […]
The Center for Medicare & Medicaid Services (CMS) has released a clarified definition of ‘homebound’ regarding eligibility for Medicare-reimbursable services. Individuals can be considered “confined to the home,” or homebound, if they meet two criteria that more closely align the Benefit Policy Manual to the Social Security Act’s definition, says CMS. The first criteria requires […]
The Joint Commission has applied to renew its home health agency accreditation program, with the Federal Register soliciting public comment on whether the organization’s requirements meet or exceed the Medicare conditions of participation. In order to provide reimbursable services to Medicare beneficiaries, home health agencies must meet certain requirements under the Social Security Act, which […]
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