Like its industry peers, The Pennant Group Inc. (Nasdaq: PNTG) has had to navigate COVID-19-related business disruptions as well as other headwinds, some of which even prompted the company to start looking under its own hood for answers. Now, operating with the view that COVID and many of its impacts have become endemic, the company […]
In order to keep pace with the labor market, as well as other contributing factors, home care providers across the country have had to increase the cost of their services. Those providers have also begun to wonder when — or if — those rising costs may start to affect client demand. “We’ve been forced to […]
Addus HomeCare Corporation (Nasdaq: ADUS) is the latest publicly traded home-based care company to disclose just how hard it was hit by workforce-related issues during the Omicron surge. LHC Group Inc. (Nasdaq: LHCG) executives revealed Thursday that cost constraints due to labor issues cost the company approximately 2,500 admissions and a loss of $13.8 million […]
When Modivcare Inc. (Nasdaq: MODV) reorganized its home-based services under the business division Modivcare Home, it was part of a larger strategy to lean into value-based care initiatives. A month after Modivcare’s operational realignment announcement, the company is beginning to see its plan come to fruition. “Consolidating our home-based services under Modivcare Home puts us […]
Policy and regulations for home care haven’t kept pace with the growing demand for services and the overall increased visibility of the sector. For policymakers looking to address industry challenges and ultimately increase access to home care, there are six policy priorities that should be considered, a new report released Wednesday by the Home Care […]
In 2019, a Kindred at Home veteran left the company to make a bet on non-medical home care and become the leader of AccordCare. Nearly three years later, he persuaded another former Kindred executive to do the same. Brandon Ballew and Derek Nordman are now at the helm of the Atlanta-based AccordCare, as CEO and […]
The chief executive officer of any business must balance immediate priorities with future aspirations. That’s particularly true for home-based care CEOs, whose organizations are starting to draw the attention of Amazon (Nasdaq: AMZN), CVS Health (NYSE: CVS) and other potential disruptors. At Dallas-based AccentCare Inc., this balancing act means doubling down on recruitment and retention […]
Maxim Healthcare Group divides into two companies Maxim Healthcare Group has divided the company’s two business units into independently operated companies: Maxim Healthcare Services and Maxim Healthcare Staffing. The company will retire the umbrella Maxim Healthcare Group brand. Maxim Healthcare Services provides home health, companion and behavioral care services. Meanwhile, Maxim Healthcare Staffing offers health […]
Home care providers looking to use operational data to grow will need to learn how to sort through the clutter. Simply put, operational data is the data that is gleaned from an organization’s day-to-day operations. While data can be a useful decision-making tool, it’s important for providers to understand the information they’re looking at in […]
In terms of business, providers are slowly beginning to move away from the strict distinctions of home health, home care and hospice. “These are separate businesses,” Dexter Braff, president of The Braff Group, said on Wednesday during a panel discussion at the 18th annual Healthcare Private Equity & Finance Conference. “These are only separate because […]
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