After spending decades as a corporate executive, Chicago area-native Gary Ratkiewicz decided to enter the home care industry for the same reason many people do: He was inspired by personal experience. After navigating his parents and son through end-of-life care, he bought his first BrightStar Care location in Tinley Park, a southwest suburb of Chicago, […]
San Francisco-based Honor — which uses technology and workforce management solutions to take over caregiver recruiting, scheduling, billing and other back-office responsibilities for home care agencies for a share of their revenue — has started to refine its partner profile. Since revamping its business model more than a year ago, Honor has teamed up with […]
The back-and-forth legal battle to decide whether live-in home care aides in New York who work for an agency should be paid for the full 24 hours on the job instead of the current standard of 13 appears to be winding down. The New York Court of Appeals heard oral arguments last Tuesday for Andryeyeva […]
After 20 years of serving the Boston area, private-pay in-home care company HouseWorks LLC recently expanded into the Philadelphia market. Expanded Medicare Advantage (MA) benefits, rising demand and private equity backing helped drive the strategic decision. Company leaders say innovation — from its caregiver team structure to its home-modification arm — will help propel the […]
California’s recently sworn in governor is making aging and in-home care top priorities for the state, which has a senior population expected to increase by roughly 4 million within the next decade. Gov. Gavin Newsom, a democrat, called for the creation of a new “master plan on aging” during his first State of the State […]
Similar to how hospitals have different arms able to treat patients with changing needs and a variety of conditions, a new private equity partnership is aiming to create a multisite, multidisciplinary system of community care services. Led by former Addus HomeCare Corporation (Nasdaq: ADUS) CEO Mark Heaney, the PE partnership is particularly interested in adult […]
Even with rapid-fire regulatory changes, potential technology disruption and sweeping consolidation on the horizon, most home care leaders agree: The recruitment and retention of workers is still the industry’s No.1 challenge. With industry turnover hovering above 60% and a national unemployment rate dipping to below pre-2008 levels, it’s crucial home care agencies hit the ground […]
The Ensign Group (Nasdaq: ENSG) achieved its highest-ever adjusted earnings per share during the fourth quarter of 2018, the company announced Wednesday. That’s thanks in part to growth and success in the California-based provider’s home health and hospice services segment. Growth within the space will likely outpace that of Ensign’s skilled nursing subset, President and […]
New York-based private equity firm Post Capital Partners is partnering with former Addus HomeCare Corporation (Nasdaq: ADUS) CEO Mark Heaney to search for — and invest in — home- and community-based care businesses. “We see a growing need for home and group care in the community, as the number of older persons grows and life […]
About one in five American adults currently assists an older family member in some way, shape or form, often by completing taxing household chores or contributing hundreds of dollars each month in financial support, a new survey has found. The findings reaffirm the value of respite care, a major selling point for many home care […]