To help its franchise owners diversify revenue, expand their client base and fill gaps within the U.S. health care system, Cincinnati-based FirstLight Home Care has partnered with HNC Virtual Solutions, a global telemedicine software company. While the HNC Virtual Solutions partnership is exclusive to FirstLight — one of the largest non-medical home care franchisers in […]
Despite home-based care providers’ efforts to implement specialized care programs for individuals living with Alzheimer’s and other forms of dementia, the majority of older baby boomers say they would rather move to a place that’s staffed 24/7 than stay home if their memory and brain health deteriorated. What’s more, another large portion of older baby […]
Despite the physical and emotional demands of caregiving, financial constraints keep many people from seeking outside help for their loved ones. But a program out of California aims to offer certain family caregivers relief. San Diego County has allocated $1 million toward respite care for middle-class family caregivers who look after relatives with Alzheimer’s disease […]
When Reena Sharma opened her Long Island, New York-based Homewatch CareGivers franchise location in 2013, the odds were stacked against her. New York was coming out of a moratorium, which froze licensing for new agencies. Though the state’s Department of Health was accepting applications from new home-based care providers, there was a processing backlog, leaving […]
There’s no curbing investor appetite for home care assets — and major payers will likewise continue to drive M&A activity in the home health, hospice and personal care spaces in the coming year. That’s according to Elara Caring CEO G. Scott Herman, who discussed industry consolidation, tailwinds and change during a recent appearance on the […]
The health care industry is experiencing an increase in the severity and frequency of insurance claims — and the home-based care sector is no exception. Despite the threat of increased costs, agencies can drive down their premiums by adding automated systems and implementing periodic caregiver screenings. “Profit margins are generally not very padded [for home […]
With a slew of regulatory and legislative changes on the horizon — from the Patient-Driven Grouping Model (PDGM) to the Review Choice Demonstration (RCD) — the home-based care industry is poised for massive transformation. Despite federal challenges, the industry’s outlook is more promising than ever, advocates believe. “The image that you have is so, so […]
As the demand for home-based care services continues to soar, so does the industry’s shortage of workers, with as many as 7.8 million caregiving positions projected to sit unfilled by 2026. The multimillion-dollar question for agencies remains how to survive the staffing crisis, which industry leaders have identified as the No. 1 challenge within home-based […]
Despite wage pressures and referral setbacks, Addus HomeCare Corporation (Nasdaq: ADUS) had a markedly consistent fourth quarter and 2018 performance. With ample dry powder, the Frisco, Texas-based home health, hospice and personal care provider is well-positioned to deploy additional capital toward M&A, while simultaneously refining its relationships with Medicare Advantage (MA) partners. Addus is primed […]
Signature Healthcare at Home acquires Samaritan Health Services Home Health As more hospitals and health systems continue to outsource their home-based care offerings, Signature Healthcare at Home has acquired Samaritan Health Services’ home health division. Wilsonville, Oregon-based Signature Healthcare at Home provides home health, hospice, personal home care, palliative care and rehabilitation therapy to patients […]