The home health industry — with the help of at least two members of Congress — has fired a salvo against the proposed Patient-Driven Groupings Model (PDGM) through a new federal bill introduced earlier this week. The legislation takes aim at the aspect of PDGM known as behavioral adjustments, which have been fervently opposed by […]
Amedisys
Not much has shaken home health stocks so far in 2018 — not even the proposed Patient-Driven Groupings Model (PDGM) or the potential introduction of an updated pre-claim review initiative. Home health stocks appear to be continuing their upward march, according to the most recent update to Stoneridge Partners’ Home Health Index (HHI), updated monthly. […]
Amedisys, Inc. (Nasdaq: AMED) has landed a minority stake in predictive analytics firm Medalogix. As one of the largest independent home health, hospice and personal care companies in the country, Amedisys has been actively striving to establish arrangements and partnerships with managed care organizations. Its Medalogix investment, announced on Wednesday, will advance that goal by […]
The Centers for Medicare & Medicaid Services (CMS) last month proposed an overhaul to the current prospective payment system for the home health industry with a sweeping new model that experts say would drastically increase billing efforts and force a move away from therapy services. So far, the potential negatives of the Patient-Driven Groupings Model […]
Home health giant Amedisys Inc. (Nasdaq: AMED) achieved strong financial results in the second quarter of 2018 and is bullish on a variety of industry trends and shifts, including major changes related to Medicare payments and ongoing consolidation across the post-acute care continuum. The company also announced that it has acquired Bring Care Home, which […]
Amedisys Announces New Senior Secured Credit Facility Amedisys, Inc. (Nasdaq: AMED), one of the largest independent home health, hospice care and personal care companies in the country, has entered into a new secured revolving credit facility. The new credit facility more than doubles the Baton Rouge, Louisiana-based Amedisys’ borrowing capacity, increasing it from $250 million […]
Hospital discharge planners should have more leeway in how they educate and inform patients about post-acute care options, perhaps making star ratings a more important part of the conversation, home health providers believe. But it’s a change that would need to be handled carefully to prevent favoritism or abuse in how referrals are made, they caution. […]
By focusing on quality and software improvements, Amedisys, Inc. (Nasdaq: AMED) has been able to slash turnover in recent years and, in turn, boost productivity and profitability. Three years ago, Baton Rouge, Louisiana-based Amedisys’ turnover rates were “shockingly” in the high 30% range, CEO Paul Kusserow said Wednesday afternoon at William Blair’s 38th Annual Growth Stock […]
Nova Leap Health Completes Home Care Purchase Nova Scotia, Canada-based Nova Leap Health Corp. (TSXV: NLH) has completed its $2.1 million acquisition of Always Home HomeCare Services Ltd. and its subsidiary Always Safe Training Ltd., both also located in Canada. Nova Leap, which provides personal home care and support services, has focused its acquisition strategy […]
Catch up on the latest in home health and home care by checking out our must-read news from across the web. Keep reading to see our top HHCN stories rom the last week. Medicare’s financial problems have reportedly gotten worse, and the program is now expected to be broke in eight years, or three years earlier […]