Between the Patient-Driven Groupings Model and the COVID-19 virus, home health providers are arguably facing the most volatile environment in their industry’s history. At the same time, millions of people are now looking for safer and simpler ways to receive care, which only boosts demand for in-home care services. Looking back, rapidly evolving technology, legislation […]
One of the largest home care franchises in the country is teaming up with one of the nation’s largest home health providers. Chicago-based BrightStar Care signed a care coordination agreement with Baton Rouge, Louisiana-based Amedisys Inc. (Nasdaq: AMED), adding BrightStar’s agencies to Amedisys’ personal care network. The personal care network’s goal is to facilitate care […]
M&A has been quiet in home health care for the most part, mostly due to the implementation of the Patient-Driven Groupings Model (PDGM) and the COVID-19 virus. Each has created uncertainty, though it was the former that kicked off the quiet M&A environment starting last year. PDGM put a halt to a lot of activity […]
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 […]
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 […]
The home health industry moved one step closer to a monumental victory on Wednesday after the U.S. Senate overwhelmingly voted in support of a $2 trillion stimulus bill. Most notably, the bill seeks to allow non-physicians to certify for home health services and take charge of patients’ care plans, an authority home health stakeholders have […]
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 […]
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 […]
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, 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 […]