Personal home care providers have long considered themselves the “eyes and ears of the home.” With that comes great responsibility, for certain. It also comes with great opportunity – opportunity that agencies have not always taken advantage of. One of the largest home care providers in the U.S. is trying to capitalize on that opportunity, […]
Category: Personal Home Care
The Boston-based training platform CareAcademy has made its first acquisition. On Thursday, the company announced it has acquired NextStep, a digital health care training and job placement company for certified nursing assistants (CNAs). “This acquisition is so powerful because it takes the best of both worlds, the things that we’ve been refining over the last […]
Firmament — a New York-based investment management firm — has invested in Family Tree Private Care. “It was really important to [CEO] Alex Bonetti and I to find a debt partner who was well regarded in the health care industry and aligned with our vision for transforming the aging experience in private care,” Daniel Gottschalk, […]
With the home care industry at a “pivot point,” it’s important for providers to take more control over their near- and long-term futures. Griswold CEO Michael Slupecki told Home Health Care News that his company, while going through a transition of its own, is focused on how it can be better prepared for the changes […]
Over the past few years, a number of home-based care companies have been able to achieve rapid, inorganic growth. Due to these organizations’ acquisition prowess, their leaders have become experts in spotting deal landmines and goldmines. On the home care side, Care Advantage Inc. has become one of these companies. The Richmond, Virginia-based Care Advantage […]
Home-based care providers in 2023 should stay on top of regulatory and compliance changes to federal joint employment laws. In the eyes of the Fair Labor Standards Act and the National Labor Relations Board (NLRB), “joint employment” means working for two or more companies, one that is responsible for their W2s and compensation and a […]
In early January, the Federal Trade Commission (FTC) proposed a ban on non-compete agreements nationwide. The rule is likely to be finalized. When and if it is, it is also likely to have a massive effect on the home health and home care industries. Such a move would not just hurt companies by allowing leaders […]
More than half of home-based care providers said that diversifying service lines of care would enable them to develop strategic partnerships with referral sources and see it as an opportunity to increase revenue. At the same time, 30% of providers say that their organization is not considering diversifying service lines. That’s according to a new […]
Home health providers should keep a close eye on the rise and popularity of managed care plans under Medicare Advantage in 2023. That was one of the many messages from Bill Dombi, president of the National Association for Home Care & Hospice (NAHC), during Wednesday’s webinar with Netsmart. “There is a strong sentiment of privatizing […]
Home Care Pulse — one of the home care industry’s top research and education firms — has purchased Activated Insights and Pinnacle Quality Insight, in two separate acquisitions. Financial terms were undisclosed. Activated Insights is an analytics platform designed to help senior care providers to collect data from both employees and the individuals receiving that […]