Leaders from Pennant Group, Inc. (Nasdaq: PNTG), the parent company of a network of home health, hospice, and senior living services in 13 states, discussed the current state of their business on Tuesday at the 2025 Oppenheimer Co. Annual Healthcare MedTech & Services Conference. Echoing its Q4 earnings report released in February, Pennant highlighted significant […]
At Addus HomeCare Corporation (Nasdaq: ADUS), the impact of Medicaid redetermination resulted in a slowdown of new patients. “We didn’t lose a lot of patients,” Addus CEO Dirk Allison said last week at the Cowen Health Care Conference. “What we really saw was a slowdown in new patients because of states like Illinois.” Based in […]
Late Tuesday, the U.S. House of Representatives approved a budget resolution. The move could be a step towards major cuts to the Medicaid program, which has raised concerns across the at-home care sector. The result was 217-215, with every Democrat and one Republican – Rep. Thomas Massie (R-Ky.) – voting against the measure. While the […]
Last week, the wait for the CY 2025 home health final payment rule finally came to end. On Friday, the U.S. Centers for Medicare & Medicaid Services (CMS) unveiled a rule that included a 0.5% increase to 2025 home health payments, updates to the Conditions of Participation, as well as changes to Low-Utilization Payment Adjustments […]
The U.S. health care system is banking on home- and community-based services (HCBS) to help keep seniors and individuals with disabilities at home and away from more costly brick-and-mortar facilities. But for now, incongruent rates mean disparate access to those services state by state. The Centers for Medicare & Medicaid Services (CMS) released the Medicaid […]
New York has always been a challenging operating environment for Addus HomeCare Corporation (Nasdaq: ADUS). Thus, it came as no surprise when the company announced the sale of its personal care business in that market, as well as its fiscal intermediary services for the state’s consumer-directed care program. On Wednesday, the Addus leadership team shed […]
Over the past 12 months, the leaders at Addus HomeCare Corp. (Nasdaq: ADUS) have been increasingly vocal about the company’s involvement in value-based care. The company has established several value-based arrangements across the country, in places like New Mexico, Illinois and Arizona. “There may be a little bit of difference between them, but I think […]
Now that the Medicaid Access Rule has been finalized, home-based care’s company leaders have had time to digest it, and consider what it means for the future of the space. While some acknowledge the good in the Centers for Medicare & Medicaid Services’ (CMS) reform efforts, others are facing the grim realities tied to the […]
One policymaker is attempting to put a halt to the 80-20 rule. At the start of the week, the “Ensuring Access to Medicaid Services” rule was finalized. The 80-20 provision is, arguably, the most controversial component of the Medicaid rule. In summary, the provision calls for 80% of Medicaid payments for home- and community-based services […]
At Addus HomeCare Corp. (Nasdaq: ADUS), Medicaid makes up almost all of the revenue in its personal care business. Instead of looking towards the private-pay market, Addus remains committed to its current business structure. “Today 2%, or so, of our business is what would be called private-pay,” Addus CEO Dirk Allison said during a discussion […]
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