What Increased Bankruptcy Filings Across Health Care Could Mean for Home Health Providers

Industry experts have predicted a rise in home health bankruptcies amid the COVID-19 virus. But home health providers likely won’t be the only ones affected by tighter cash flows and unexpected expenses. Ultimately, there’s likely to be increased bankruptcy filings across health care, particularly in industries such as skilled nursing and senior living. That, in […]

New York Home Health Agencies Facing $200 Million in 2020 Losses Due to COVID-19

From a financial perspective, home health agencies nationwide are struggling to provide care amid the coronavirus. Providers are juggling lower patient volumes and a lack of telehealth reimbursement while also navigating astronomical personal protective equipment (PPE) prices and increased low utilization payment adjustment (LUPA) rates. In New York, those factors and others are expected to […]

Sen. Susan Collins Plans to Introduce Home Health Telehealth Reimbursement Bill ‘Soon’

Here’s the situation: Amid the coronavirus, a home health provider needs to figure out how to source enough personal protective equipment (PPE) so that its 3,000 caregivers can serve roughly 9,000 senior patients. While looking for supplies, it must also consider that pricing is 10 times higher than usual and the fact the organization has […]

‘Public Shaming,’ Audit Concerns Prompt Encompass Health to Return $237M in CARES Act Funding

Encompass Health Corporation (NYSE: EHC) has returned the $237 million in emergency provider relief it received from the Department of Health and Human Services (HHS) as part of the CARES Act. Encompass Health’s move is one many home health providers are considering, as confusion around terms and conditions of the funding has operators fearful of […]

Fearing CMS ‘Day of Reckoning,’ Home Health Providers Shy Away from Coronavirus Relief Funds

Home health providers were thrilled when they first heard they would be receiving “no strings attached” payments from the Provider Relief Fund, which was mandated by the CARES Act. However, agencies quickly learned that there was more to the story. The grant funding comes with conditions, and confusion around those conditions has some home health […]

As Providers Resort to Parking Lot PPE Deals, LeadingAge Demands Federal Help

As the coronavirus outbreak continues and more states begin the process of reopening, LeadingAge is demanding action from policymakers to help keep seniors and the workers who care for them safe.  The advocacy organization — which represents more than 5,000 aging-focused organizations nationwide, including at-home care agencies — is urging lawmakers to equip senior care […]