‘Home Care Is Coming to a Crisis’: Medicaid Cuts to Push Addus Out of Nevada

Addus HomeCare Corporation (Nasdaq: ADUS) has decided to close up shop in Nevada due to recent cuts to Medicaid reimbursement rates in the state. Frisco, Texas-based Addus provides a mix of personal care, hospice and home health care services. Prior to shutting down operations in Nevada, the company provided those services to about 43,000 individuals […]

In-Home Care Agencies May Look to Cut Costs by Scrapping Brick-and-Mortar Offices

The COVID-19 crisis has raised a complicated question for home-based care executives as they plan for the year ahead: Is the cost of having a brick-and-mortar office location still worth it? Traditionally, home health and home care operators have maintained a corporate headquarters or local office as a place where administrative staff can come into […]

Addus COO: Recruiting Has Been ‘a Little Bit of a Struggle’ During COVID-19

Addus HomeCare Corporation (Nasdaq: ADUS) is rebounding from coronavirus-related disruption in its personal care and home health segments, company leadership noted Tuesday during a second-quarter earnings call. But the Frisco, Texas-based company also acknowledged there are still significant challenges on the horizon. “Addus had a very solid financial performance for the second quarter of 2020, […]

Addus Makes First Post-Coronavirus Acquisition, Lands A Plus Health Care in Montana

Addus HomeCare Corporation (Nasdaq: ADUS) announced Wednesday it has purchased Kalispell, Montana-based home care provider A Plus Health Care Inc. Addus completed the deal on July 1, with funding provided by cash on hand. No other financial terms of the transaction were disclosed. With seven office locations across Montana, A Plus Health Care’s service lines […]

After Weeks of Coronavirus Chaos, Home-Based Care Providers Welcome Early Signs of Normalcy

After an immense disruption from the COVID-19 virus led to a dip in patient visits and revenue, home-based care insiders are now reporting budding signs of normalcy. The public health crisis, of course, is far from over. But the initial panic is subsiding, patients are receiving care again and providers are gaining confidence operating in […]

With Key Deadline Approaching, Paycheck Protection Program Still ‘Murky’ for In-Home Care Providers

The Paycheck Protection Program (PPP) was established by the Coronavirus Aid, Relief, and Economic Security (CARES) Act to encourage small businesses to keep workers on staff. Yet despite over a month having passed since the program was implemented, smaller home health and home care companies remain confused about how to employ PPP — and whether […]

Strategic Maneuvering Helps Addus Avoid COVID-19 Disruption

New York, Chicago, Detroit and the state of Washington are some of the cities and states that have been singled out as COVID-19 hotspots. For Addus HomeCare Corporation (Nasdaq: ADUS), operating in these locations has meant lots of strategic maneuvering, especially when considering the amount of care service call-offs the Frisco, Texas-based provider has received […]

Medicaid Home-Based Care Providers Seek Stability Amid Coronavirus Disruption

Florida became the first state to secure an emergency Medicaid waiver from the U.S. Centers for Medicare & Medicaid Services (CMS) to help providers maintain operations during the COVID-19 national emergency. If Medicaid-reimbursed personal care services providers are to stay afloat during the ongoing pandemic, several more states will have to follow suit. Generally, states […]

Alignment Healthcare Raises $135M; FirstLight Expands Internationally

Alignment lands $135 million in Series C Medicare Advantage (MA) startup Alignment Healthcare has deepened its pockets. The Orange, California-based MA player announced March 4 that it has raised $135 million in Series C funding, led by Fidelity Management & Research Company. Additional funding came from funds and accounts advised by T. Rowe Price Associates […]

Addus CEO Lauds Illinois Rate Increases

Over the years, Addus HomeCare Corporation (Nasdaq: ADUS) has faced its fair share of Illinois budget woes. But the company has finally received some positive news, announcing Monday that the Centers for Medicare & Medicaid Services (CMS) has approved two Illinois budgeted rate increases for the next couple years. Combined, the Frisco, Texas-based Addus expects […]