Happy Tuesday, Home Health Care News readers, and welcome back from your long weekend. Catch up on all things home health and home care with our must-read news roundup—keep reading for our top stories from last week. Just before the long weekend, A federal judge in Texas scrapped a controversial Obama-era wage rule that would […]
Amid concerns that home health aides may not be able to meet every client’s cultural needs, some big providers are paying more attention to who they hire—and how. The need for more cultural competency among home health aides is clear, especially when working with Spanish-speaking clients. Just 20% of Hispanic Americans over the age of 40 felt “extremely or […]
With its state-level issues in Illinois behind it, personal care provider Addus Homecare (Nasdaq: ADUS) is anticipating recouping millions back and charging ahead with building out its private duty business line. The provider, which is now based in Frisco, Texas, is expecting to see $78 million in receivables from Illinois that the company has carried […]
Addus HomeCare Appoints Manning to Chief Human Resources Officer Post Frisco, Texas-based Addus HomeCare Corporation (NASDAQ: ADUS) has appointed Laurie Manning as the home care services provider’s chief human resource officer, effective August 14. Manning brings more than 25 years of experience working in the health care industry. Prior to joining the Addus team, Manning […]
Publicly announced home health and hospice M&A activity has hit its lowest level in years, dropping by 40% to a mere nine transactions in the second quarter of 2017, as compared to first-quarter performance of 15 acquisitions. These second quarter numbers illustrate a continued decline in M&A activity for the industry sector, as M&A activity was […]
While it’s fair to assume that some of the country’s biggest publicly traded home health care companies pay their chief executives well, some earn more than others. In 2016, CEOs at HealthSouth (NYSE: HLS), Kindred Healthcare (NYSE: KND) and Brookdale Senior Living (NYSE: BKD) made the most in total compensation—a figure that includes base salary, stock awards, […]
Weeks after a judge ordered the state of Illinois to pay its Medicaid bills to health care providers, the same judge has ruled that the Prairie State must cough up more than half a billion dollars in Medicaid payments per month. Illinois must pay $586 million per month to Medicaid providers to ensure continued care for beneficiaries, a U.S. judge […]
Home health companies once again saw market gains in May, according to the latest Home Health Index tracked by Stoneridge Partners. The home health index, which tracks the stock prices of Amedisys (Nasdaq: AMED), Almost Family (Nasdaq: AFAM) and LHC Group (Nadaq: LHCG), rose 9.1% in May from the previous month. Year to date, the […]
There may be some relief in sight for in-home care providers waiting on Medicaid payments in the state of Illinois, thanks to a federal judgment ordering the state’s comptroller to pay reimbursements faster. The Prairie State has had an ongoing budget crisis, without a formal budget in place, for two years. Some in-home care providers […]
One of the nation’s largest providers of in-home care services has completed its change in corporate headquarters—and has an updated look to boot. Addus HomeCare Corporation (Nasdaq: ADUS) has officially switched its corporate address from the Chicago suburb of Downers Grove, Illinois, to Frisco, Texas. The company, which operated 111 locations across 24 states as of […]
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