Hourly pay rates for licensed practical nurses (LPNs) at home health agencies increased nearly 10% from 2021 to 2022, while turnover rates fell slightly from last year. That’s according to the latest Home Care Salary & Benefits report from Hospital & Healthcare Compensation Service. The Oakland, New Jersey-based company provides salary and benefits studies — […]
Addus HomeCare Corporation
Addus HomeCare Corporation (Nasdaq: ADUS) is bullish on its M&A pipeline across all segments, its value-based care strategy and favorable rates across some of its markets. Perhaps more important than anything, however, is its leaders’ belief that the company has turned the corner on hiring. In the third quarter of this year, Addus’ hires per […]
Addus acquires another home health provider In August, Addus HomeCare Corporation (Nasdaq: ADUS) said that it was looking to make some larger acquisitions in the back half of this year and in 2023. It’s not totally clear whether this is one of them, but on Oct. 3, the company announced that it had acquired the […]
One of the most fascinating questions surrounding the Centers for Medicare & Medicaid Services’ (CMS) home health proposed payment rule is what effect it will have on M&A. I’ve heard that it will stymie acquisitions. I’ve heard it will drive them. Both make sense, too. Some companies may not be allocating more resources and money […]
Here I am, yet again, writing about the U.S. Centers for Medicare & Medicaid Services’ (CMS) proposed rule for the home health care industry. But it’s no small deal. Advocates were in Washington, D.C., this week to desperately argue on behalf of the industry that the rule was unfair. In doing that, they displayed the […]
A new proposal in Pennsylvania that would create “unnecessary” duplication for how disabled patients choose their home care providers and receive care is causing some angst in the Keystone state. The proposal not only affects providers in Pennsylvania, but could also force patients to rely on out-of-state agencies to provide replacement care if a patient’s […]
The future of home-based care will very likely be dominated by managed care, according to a 40-year veteran of the space. Mark Heaney, CEO and chairman of DTRT Health Acquisition Group (Nasdaq: DTRTU), also predicts that the consolidation efforts made by home-based care providers won’t slow down in 2022. Heaney covered these topics and more […]
Addus HomeCare Corporation (Nasdaq: ADUS) is the latest publicly traded home-based care company to disclose just how hard it was hit by workforce-related issues during the Omicron surge. LHC Group Inc. (Nasdaq: LHCG) executives revealed Thursday that cost constraints due to labor issues cost the company approximately 2,500 admissions and a loss of $13.8 million […]
Since the Centers for Medicare & Medicaid Services (CMS) released its interim emergency regulation relating to the federal government’s vaccine mandate last Thursday, more clarity has come to the surface. Specifically, CMS has made clear what health care providers are included, what individuals can be exempt and how the mandate will be enforced. What came […]
In terms of financial results, Addus HomeCare Corporation (Nasdaq: ADUS) is coming off a record third quarter. The Frisco, Texas-based home health, hospice and personal care services provider has plenty of challenges ahead, however, including the difficult labor landscape that’s about to become even more complex thanks to federal COVID-19 vaccination rules. Somewhat diminished M&A […]
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