Why Home Health Payment Uncertainty Could Lead To More Strategic M&A

While some of the other subsectors already have more clarity on what their CY2024 may look like, home health operators are still operating in the dark. The home health proposed payment rule is still likely a month away, and the final rule likely more than four months out. It seems most are expecting the worse […]

Addus Pauses Personal Care Deals, But Believes ‘Larger’ Home Health Acquisitions Are Ahead

Addus HomeCare Corporation’s (Nasdaq: ADUS) personal care segment is steadily growing, its labor situation is improving and its value-based care contracts are expanding. All of those realities were temporarily overshadowed during the last week, however, as the Centers for Medicare & Medicaid Services (CMS) proposed a rule that would require at least 80% of Medicaid […]

Providers On Biden’s Executive Order, Home-Based Care ‘Drumbeat That Won’t Be Ignored’

The Biden administration has made mention of home-based care regularly and intentionally during its tenure in the White House. It did so again Wednesday, this time through 50-plus directives for government agencies, many of which were home care-related. Though still just directives, the sitting president making this sweeping of an executive order focused on senior […]

What Addus Wants To See Out Of Its Acquisition Targets

In M&A – where discipline is king – communication between potential buyers and home-based care sellers is as critical as it’s ever been. “The more conversations that buyers and sellers are having pre-LOI, the better for everybody,” Cliff Blessing, EVP and chief development officer at Addus HomeCare Corporation (Nasdaq: ADUS), said during Home Health Care […]

Medicaid Redetermination And What It Means For Home-Based Care

In less than two weeks, there may be far fewer eligible Medicaid beneficiaries. Medicaid membership ballooned during the pandemic. Millions of people were suddenly eligible for public health care when companies went through layoffs and when unemployment spiked. Over the past three years, states were told not to disenroll people who didn’t specifically request it. […]

Addus’ Turnover Rate Down To 55%, But Room For Further Improvement Is Limited

Retention, rather than recruiting, has become the primary staffing focus for many home-based care organizations. And that’s for good reason. Retention leads to better outcomes, less costs associated with recruiting and positive feedback loops. Addus Homecare Corporation (Nasdaq: ADUS) has its turnover rate all the way down to below 55%, a massive improvement from the […]

While Growing Home Health Business, Addus Has Hit Managed Care, M&A Difficulties

Addus HomeCare Corporation (Nasdaq: ADUS) wants to continue to grow its personal care and home health segments, the former being its largest segment and the latter being its smallest.   That has been its plan for some time now, but the surrounding factors around those goals continue to change. For instance, after the CY2023 payment rule […]