Home-based care providers — both big and small — are struggling at the negotiating table with Medicare Advantage (MA) plans. But they’re also struggling in negotiations with managed Medicaid plans. While MA plans and managed Medicaid plans operate a bit differently, providers are having similar issues with both. Proving value to health plan leaders is […]
The home care industry, so far, has had a relatively quiet 2023. Over the past few years, the home care space has been defined by ample private equity investment, aggressive provider roll-ups, exciting Medicare Advantage (MA) developments and innovative cross-continuum partnerships. There has been much less action this year, despite the continued focus on social […]
On Thursday, the U.S. Centers for Medicare & Medicaid Services (CMS) proposed a new rule that would make major changes to the way that home care workers are compensated under Medicaid. While home-based care stakeholders recognize that the proposal could lead to some improvements, many are critical of what they view as a one-size-fits-all approach […]
To solve some of home care’s more persistent challenges – such as retention – agencies have embraced out-of-the-box thinking. Specifically, they’ve turned to engagement platforms – or the “gamification” of the retention process. One of these companies is Care Advantage. A little over a year ago, Care Advantage launched a partnership with Care Heroes, a […]
Home-based care’s deal volume remained flat in the fourth quarter of 2022, ending a slow year overall for transactions. The quarter saw at least 24 completed transactions, right on par with Q3’s 25 deals, but was lower than previous years in the home-based care space, according to a report from M&A advisory firm Mertz Taggart. […]
Care Advantage has expanded its reach even further into Northern Virginia with the acquisition of in-home care provider Care Perfections Health Services LLC. Financial terms of the deal were not disclosed. The move comes just a week after Care Advantage acquired the Reston, Virginia-based Lighthouse Healthcare Inc., a private-pay personal care company. Last week, following […]
Care Advantage Inc. has acquired the Reston, Virginia-based Lighthouse Healthcare Inc., a private-pay personal care company. Financial terms of the deal were not disclosed. Care Advantage CEO Tim Hanold told Home Health Care News that Lighthouse “complements” what the company is already accomplishing in Northern Virginia. “We’ve made a number of acquisitions over there in […]
As demand for personal home care stays high, providers are keeping a close eye on the shrinking margin between pay and billing rates. Bill rates for home care have steadily risen over the past several years, in large part due to those growing pay rates for workers. In 2022, home care leaders have been vocal […]
Two groups of stakeholders that home-based care providers need to win over in the near-term future are payer leaders and policymakers. As Medicare Advantage (MA) enrollment grows, providers need to prove their agency’s value in order to maintain a sustainable business. Meanwhile, policymakers need to understand the value of home health and home care for […]
LHC Group acquires Three Rivers Home Health LHC Group Inc. (Nasdaq: LHCG) has expanded its reach in Georgia by purchasing the Eastman, Georgia-based Three Rivers Home Health. Following the purchase of Three Rivers’ nine locations, LHC Group’s footprint spans 36 Georgia counties. The acquisition is expected to create a $12 million revenue boost for the […]
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