Coming off of a strong second quarter, Addus HomeCare Corporation (Nasdaq: ADUS) is looking at a busy pipeline for the remainder of the year, executives predicted on a Q2 earnings call Tuesday. Such acquisitions will play an increasingly important role in better positioning the Frisco, Texas-based provider for Medicare Advantage (MA) partnership development in the […]
Addus HomeCare Corporation
The Medicare Advantage revolution continues to grow — and starting in 2020, home care providers will reap the rewards. Through a series of law changes over the past decade, including the Patient Protection and Affordable Care Act of 2010 and the Bipartisan Budget Act of 2018, Medicare’s move away from fee-for-service models and toward value-based […]
At least 22 states and localities are increasing minimum wages on July 1. At the same time, the House of Representatives is expected to vote on whether to raise the federal minimum wage to $15, more than double the current rate of $7.25. While many people are celebrating the pay hikes as a victory for […]
Seniors who need nonmedical home care the most — the oldest, sickest and often most vulnerable — are the least likely to be able to afford it. Unfortunately, labor shortages are expected make home care services even less affordable in the years to come. That’s according to a new study published in the June issue […]
The Medicare Advantage (MA) expansions that the Centers for Medicare & Medicaid Services (CMS) announced this year and in early 2018 open the door to creative applications of non-medical home care services designed to proactively improve individuals’ health. The pair of new rules, with the broader of the two taking effect in 2020, have led […]
When the Centers for Medicare & Medicaid Services (CMS) announced it would allow Medicare Advantage (MA) plans to cover certain non-medical home care services in 2019, interest was tepid, with only 3% of plans actually covering those benefits. So it is no surprise that a subsequent expansion for 2020 brought questions about just how much […]
With the caregiver turnover rate at an all-time high of 82%, workers remain the hottest commodity in home-based care. Providers worry labor issues — such as the rising minimum wage and the growing popularity of caregiver registries — could compound the problem even more in the years to come. While labor issues are taking center […]
Similar to others throughout the home care industry, top executives from Addus HomeCare Corporation (Nasdaq: ADUS) remain excited about emerging Medicare Advantage opportunities. The Frisco, Texas-based company currently has contracts with large MA Plans to provide personal care services to their members during 2019 and continues to receive referrals under these contracts, Addus President and […]
In the dynamic home health, hospice and personal care industries, scale is sometimes a serious leg up, as well as a driving force behind record-setting M&A activity. That’s especially true when it comes to keeping up with potential Medicare Advantage (MA) opportunities, collecting actionable data and experimenting with new business models that solve nationwide problems, […]
*Editor’s note (4/30/2019): This story has been updated to include comments from Hometeam CEO Randy Klein. Home-based care providers continue to show their support for the Centers for Medicare & Medicaid Services’ (CMS) move to better coordinate care for Americans who qualify for both Medicare and Medicaid. CMS first announced plans to expand coverage options […]