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 […]
In recent years and months, rising minimum wage has been top of mind for home-based care providers, adding another level of difficulty to attracting and retaining workers. But fair scheduling legislation that’s gaining steam in cities and states across the country could soon take center stage — and potentially make matters worse. Fair scheduling legislation […]
Despite wage pressures and referral setbacks, Addus HomeCare Corporation (Nasdaq: ADUS) had a markedly consistent fourth quarter and 2018 performance. With ample dry powder, the Frisco, Texas-based home health, hospice and personal care provider is well-positioned to deploy additional capital toward M&A, while simultaneously refining its relationships with Medicare Advantage (MA) partners. Addus is primed […]
Home-based care is often lauded for allowing seniors to age in place while saving the health care system thousands of dollars by decreasing hospital admissions. But with costs that don’t always come cheap to clients and nationwide caregiver shortages, home-based care isn’t without challenges. An increasingly popular way to address them is with adult day […]
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