The vast majority of U.S. health care consumers would prefer to receive care in the comfort of their own homes instead of a medical facility. Most payers, too, see the home as the safest and most cost-effective site of care. That’s according to a new report unveiled Wednesday by CareCentrix, a national at-home care organization […]
Dealmaking rumors continue to swirl this week. In the latest piece of M&A gossip, Anthem Inc. (NYSE: ANTM) is reportedly in “late-stage” talks to acquire the PE-backed CareCentrix, according to PE Hub. Rumors of a possible CareCentrix deal come just days after reports surfaced about Centerbridge Partners and Vistria Group going after Wellspring Capital Management’s […]
CareCentrix — a care management company that focuses on home-based care — has brought on a long-time managed care veteran to expand its service offerings to Managed Medicaid health plans. Hartford, Connecticut-based CareCentrix provides post-acute care and discharge management services, plus durable medical equipment (DME) and home-based care services. Moving forward, Scott Markovich will serve […]
The benefits of palliative care have been highlighted in a major way during the COVID-19 crisis. Agencies that are able to safely manage chronically ill patients in the home are more valuable than ever. As that sort of care becomes more visible, and, in turn, easier to collect payment for, it has the potential to […]
CareCentrix — a care management company that focuses on home-based care — announced Monday it has acquired palliative care company Turn-Key Health. The financial terms of the deal were not disclosed. Hartford, Connecticut-based CareCentrix provides post-acute care services, discharge management, durable medical equipment (DME) and home-based care services. A portfolio company of Consonance Capital Partners, […]
Home Care Assistance expands leadership team San Francisco-based Home Care Assistance is expanding its executive team. Ty Shay will serve as president of the in-home care provider moving forward, while Michael Schantz will serve as chief financial officer. Home Care Assistance is an international company that provides hourly home care, 24-hour care and hospital-to-home services, […]
Starting in 2021, Medicare patients could have access to a new permanent home infusion benefit. The Center for Medicare & Medicaid Services (CMS) proposed the benefit in July as part of its proposed home health payment rule, with the goal being to move more care into the home. While some view the proposed benefit as […]
CVS (NYSE: CVS) has entered the in-home dialysis market. The company announced Wednesday it is beginning a clinical trial of its new home hemodialysis system this week. By enabling in-home treatment, CVS could allow patients with end-stage kidney disease to receive more frequent care, with the goal being to improve outcomes. Typically, patients with kidney […]
Insurance giant Cigna (NYSE: CI) and home health coordination company CareCentrix have been accused of a fraudulent billing scheme, in which beneficiaries were allegedly overcharged for in-home medical equipment. Bloomfield, Connecticut-based Cigna is the fourth-largest U.S. health insurance company, according to Forbes. It contracts with other organizations that offer certain services and products to Cigna […]
Ensign Group Acquires Nevada Hospice Operations The Ensign Group (Nasdaq: ENSG), the parent company of the Ensign group of skilled nursing, rehabilitative care services, home health care, hospice care and assisted living companies, has acquired a hospice provider serving Southern Nevada through a subsidiary of its home health and hospice portfolio, Cornerstone Healthcare, Inc. The […]