Amedisys Weary of Current Medicare Advantage Opportunities, Bullish on SNF-to-Home Diversion

Just as the Patient-Driven Groupings Model (PDGM) was slowly becoming the new normal, home health providers were hit with the impact of the COVID-19 emergency. Amedisys Inc. (Nasdaq: AMED) has weathered both storms. Now, it has its sights set on gaining market share from skilled nursing facilities (SNFs) and pursuing Medicare Advantage opportunities — but […]

Encompass Health CFO: PDGM Has Been ‘Greatly Exacerbated’ by COVID-19

Like most in the health care sector, Encompass Health Corporation (NYSE: EHC) took a hit to its business in March as the COVID-19 outbreak intensified. Usually bullish on its near-term home health and hospice projections, the Birmingham, Alabama-based company is now more focused on getting back to a sense of normalcy. Encompass Health leadership detailed […]

Amedisys CEO: If We Don’t Produce High-Quality Care, We Shouldn’t Be in Business

Amedisys Inc. (Nasdaq: AMED) — the second-largest home health provider in the country, according to LexisNexis — is aiming to become the industry’s leader in employee turnover rates. Just five years ago, the Baton Rouge, Louisiana-based home health giant sported over a 40% turnover rate. That number was lowered to under 16% by the end […]

Amedisys ‘Will Buy Opportunistically’ in Home Health Market After PDGM Plays Out

Like so many others in the industry, the Patient-Driven Groupings Model (PDGM) remains top of mind for Baton Rouge, Louisiana-based home health giant Amedisys Inc. (Nasdaq: AMED). Unsurprisingly, navigating the payment overhaul remains one of the company’s biggest priorities moving forward into 2020. Building out its hospice business and expanding its personal care network with […]

PDGM Changing Home Health M&A Landscape

With a number of upcoming regulatory changes sure to shake up the home health industry — including the Patient-Driven Groupings Model (PDGM), the Review Choice Demonstration (RCD) and a phaseout of Requests for Anticipated Payments (RAPs) — a provider’s future isn’t exactly clear. As a result, questions surrounding how and when to best approach mergers-and-acquisitions […]

WellSky Enters into Agreement to Buy ClearCare

WellSky, a health and community care technology company backed by TPG Capital, has entered into an agreement to acquire ClearCare Inc., a personal care technology platform. Financial terms of the deal were not disclosed. The deal further solidifies WellSky’s dominance in the home-based care arena, especially because it comes on the heels of ClearCare’s partnership […]

New Amedisys-ClearCare Personal Care Network Spreading Like Wildfire

In an effort to expand its capabilities and open the door for future Medicare Advantage (MA) opportunities, Amedisys Inc. (Nasdaq: AMED) recently struck an agreement with ClearCare Inc. to create a network of personal care agencies. Already, that network is spreading like wildfire, with 308 agencies representing 32,000 caregivers in 39 states, Amedisys CEO and […]