PE-Backed HouseWorks Using Innovation, Home-Modification to Propel Growth

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 […]

Post Capital, Former Addus CEO Building Multidisciplinary Community Care Platform

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 […]

5 Ways to Create an Ideal First Day for Home Care Hires

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 […]

Ensign CEO: Home Health, Hospice Segment Growth Likely to Outpace Skilled Nursing

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 […]

Home Health Care Agencies Threatened as Wages Rise, Reimbursements Lag

As more states push to raise the minimum wage, home-based care companies must work harder than ever to attract and retain workers as competition among employers grows. In home health care, agencies’ success often depends on Medicaid reimbursement, which is not keeping up with wage inflation in some states. And in private-pay home care, increased […]

Insurance Risks for At-Home Care Agencies and How to Address Them

As health care costs rise unsustainably and the aging population booms like never before, the need for affordable at-home care continues to grow. But from an insurance standpoint, providing that care could soon come with more risk and a higher price tag. “There’s no specific data that is publicly available that speaks to [at-home care […]