Honor is back in the spotlight in a big way, just two months after it announced its industry-shaping acquisition of Home Instead. The San Francisco-based company announced Tuesday it has raised $70 million in Series E funding, in addition to securing $300 million in debt financing. Honor has earmarked the funds to further invest in […]
Since launching nearly five decades ago, Help at Home has grown into one of the largest independent home care organizations in the country. The Chicago-based provider reportedly has big plans for the future, too, with rumors of a possible IPO surfacing in June. Beyond focusing on the usual routes of acquisitions and de novos, Help […]
Home-based care providers appear to have reached a dangerous growth plateau. Unfortunately, I expect that it’s going to be a difficult one to overcome. After several years of steady growth, demand for in-home care has exploded during the COVID-19 pandemic, with non-medical home care operators and skilled home health providers both so busy they’ve had […]
After President Joe Biden announced Thursday a new, six-pronged approach to his administration’s COVID-19 strategy that requires most home health workers to be vaccinated against the virus, many questions and concerns remain. More clarity is likely to come to light as specific agencies deal with the next steps following the mandate’s release, like the Department […]
The home care workforce more than doubled in size over the past 10 years, jumping from just over 1 million workers in 2010 to more than 2.4 million in 2020. Similar growth will be needed during the coming decade, with the population of U.S. adults 65 and older projected to skyrocket from 49.2 million individuals […]
Hundreds of in-home care workers in Rhode Island have resigned from their posts due to the state’s mandatory vaccine policies, the Rhode Island Partnership for Home Care announced Tuesday. That, in turn, has jeopardized patient care in the state. An emergency declaration was made Aug. 17, requiring all licensed health care workers in Rhode Island […]
Aging services providers are holding their collective breath as Congress moves toward a vote on the budget reconciliation package, which could designate massive amounts of money to home- and community-based services. And those funds are more than needed, a group of leaders said during a Tuesday press conference hosted by the Washington, D.C.-based advocacy organization […]
The Biden administration announced last week that all nursing home staff must be vaccinated against COVID-19, or operators would risk losing Medicare or Medicaid funding. That prompted concern among nursing home stakeholders and rumors that home health providers’ staff may not be far behind. Since the announcement, survey data is beginning to prove why vaccinating […]
President Joe Biden’s recent executive order on “Promoting Competition in the American Economy” has, overall, 72 separate initiatives that it is looking to push forward. But one of the main ones takes on something that is very prevalent in home-based care, often from the executive level on down: non-compete agreements. Specifically, the executive order requests […]
The share of job postings containing words such as “hiring urgently” has risen by over 50% since the start of the year, and health care jobs are the most likely to contain them, according to the jobs site Indeed. Specifically, jobs in home health and home care are most likely to be labeled urgent, reflecting […]
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