Three years after Shelly Sun founded the Chicago-based BrightStar Care, she adopted a franchise model as a means for expansion, a somewhat unusual path for growing an in-home care company from scratch. BrightStar is now active in 39 states, able to reach 75% of the U.S. population within a 30-minute drive. Overall, the franchise network […]
While the home care industry wasn’t encumbered by a major regulatory overhaul, such as the Patient-Driven Groupings Model (PDGM), several themes and key topics emerged in a way that defined 2019. Federal policymakers expanding home care coverage under Medicare Advantage (MA), for example, made waves throughout the year. Additionally, the ongoing caregiver shortage remained top […]
With 340 locations and roughly $480 million in 2019 systemwide sales, BrightStar Care is seeing solid results in the in-home care franchising arena. In addition to that proven model, the Chicago-based company is now also looking to grow its senior living operation. Currently, BrightStar has three “BrightStar Senior Living” communities up and running in Wisconsin […]
With a focus on institutional referrals and changes to therapy reimbursement, the Patient-Driven Groupings Model (PDGM) is going to rock the Medicare-certified home health world in 2020. But private-pay and non-medical home care agencies may also see bottom-line impacts tied to PDGM. Specifically, PDGM will likely create new opportunities for home care agencies looking to […]
Jiffy Lube, Motel 6, Great Clips and Culver’s. These are just a few of the U.S. franchise giants that Home Instead Senior Care outsold in 2018. That’s according to the latest Top 200+ ranking from Franchise Times, an annual compilation of top-selling franchises based on systemwide sales. Other home care franchises winning the sales game […]
Partly due to a lack of funds and existing data, Medicare Advantage (MA) plans have been slow to roll out home care-focused supplemental benefits now allowed under Centers for Medicare & Medicaid Services (CMS) guidelines. Even so, many home care companies hoping to become MA partners have launched targeted campaigns to win plans’ attention. Among […]
Care Advantage acquires Allegiance Home Care Care Advantage Inc. has acquired Allegiance Home Care, marking the 51-year-old home health provider’s 10th acquisition since it received private equity backing in January 2017. Financial terms of the deal were not disclosed. Richmond, Virginia-based Care Advantage, which is backed by New York-based PE firm BelHealth Investment Partners, provides […]
Thrive is an HHCN series that explores the successes, struggles and strategies of home care owners and operators on the local level. The number of American seniors with Alzheimer’s disease is on the rise, with about 5.5 million people over 65 affected. By 2025, that number could reach 7.1 million, up nearly 29%, according to […]
BrightStar Care, FirstLight HomeCare and Right at Home are three of the best low-investment franchises to buy right now in the U.S., according to Forbes, which recently released its latest “Best and Worst Franchise” list. To create its new top-franchises list, Forbes teamed up with Arlington, Virginia-based market research and consulting firm FRANdata to take […]
Home care providers and legislators in one state are voicing concerns about recent legislation that would allow caregivers to poach clients from home care agencies without being penalized. The provision was recently written into the Connecticut state budget. It bans noncompete contracts and similar agreements in “homemaker, companion or home health services.” In other words, […]
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