Home Care Providers Plan to Seize New Medicare Advantage Opportunity

Investors were bullish on home care on Tuesday, following news that Medicare Advantage (MA) plans would officially be allowed to cover non-skilled home care services starting in 2019. Care providers were excited as well, making the case that they are well-positioned to seize this opportunity, even as they are trying to determine its scope. The […]

Private Equity Firm Acquires Hospice with High Nurse-Patient Ratio

An Ohio hospice led by a previous Kindred Healthcare (NYSE: KND) executive has been acquired by private equity firm Stonehenge Partners Inc. The firm says it is committed to keeping the hospice’s model of having lighter caseloads for its nurses than are standard in the industry. Queen City and Capital City Hospice is headquartered in […]

Addus CEO Leads Company in New Directions After Reining in Costs

Addus HomeCare (Nasdaq: ADUS) is at a turning point. Two years ago, Dirk Allison took the role of CEO at the Frisco, Texas-based provider. Since then, there’s been a C-suite overhaul, the company headquarters has moved from Illinois to Texas, and a variety of cost-reduction and operational initiatives have been put in place to drive profitability […]

Addus Sets Revenue Record, Moves Forward with Hospice

Addus HomeCare (Nasdaq: ADUS) achieved a new record for net service revenue in the fourth quarter of 2017 and recently made its first serious foray into hospice. Going forward, Frisco, Texas-based Addus will evaluate how the new service line complements its existing personal care business as the company seeks to expand in 2018. For the […]

Report of EVV ‘Firestorm’ Draws Home Care Industry Pushback

The rollout of electronic visit verification (EVV) for home care has created a “firestorm” of complaints in Ohio, according to a recent article in the Columbus Dispatch. However, that news story painted an incomplete picture, some home care providers and EVV vendors have told Home Health Care News. Under the federal 21st Century Cures Act, […]

[Updated] The Trickle-Down Effect of Tax Reform on Home Health

The home health industry is one step closer to witnessing sweeping tax reform, with the bill on its way to President Trump’s desk. As such, the industry could see a windfall—though some cuts to Medicare and Medicaid could be triggered down the line. House and Senate lawmakers voted in favor of the Tax Cuts and […]

Illinois Challenges Remain for Addus Despite Clearing Increased Wage Hurdle

After facing more than two years of state budget constraints, Addus HomeCare (Nasdaq: ADUS) in-home care aides in Illinois are celebrating in their recent win, as the company’s collective bargaining unit under Service Employees International Union (SEIU), has reached a tentative agreement with Addus management to boost wages. Specifically, the tentative agreement will give workers a 72 […]

Movers & Shakers: Addus, Remedy Partners

Bachleda Resigns from Addus Board of Directors Simon A. Bachleda has resigned from the board of directors of Addus HomeCare Corporation (Nasdaq: ADUS), a Downers Grove, Ill.-based provider of in-home and home health care services. Bachleda announced his resignation on October 19. He indicated his decision was based on a desire to focus more on his […]

Proposed Groupings Model Takes Toll on Home Health Stocks

Despite experiencing a “hot streak” in the first half of the year, home health care companies saw sharp dives in share values in July, due in large part to investors’ reactions to the Centers for Medicare & Medicaid Services’ (CMS) proposed home health groupings model (HHGM). Three of the largest publicly traded home health care […]

Addus Hits Its Stride, Considers New Service Lines

After a restructuring year, Addus HomeCare (Nasdaq: ADUS) delivered strong financial results for the fourth quarter of 2016, and its leadership believes that some key strategic objectives now are within reach. And as the company hits its stride, it could expand into the home health and hospice arenas, according to CEO Dirk Allison. The Downers […]