U.S. stocks plunged Monday as investors responded to the global spread of the coronavirus and Saudi Arabia’s surprising oil price cut. Publicly traded home health providers were not immune to the market’s downswing. By noon, the Dow Jones Industrial Average had plummeted 8% and was well on its way to its worst day since 2008. […]
The U.S. Centers for Medicare & Medicaid Services (CMS) announced last month that Home Health Compare — its consumer-facing database of home health provider quality information — will soon be incorporated with seven other Compare sites to create a larger tool named “Medicare Care Compare.” The goal is to consolidate and make the Compare tool […]
Encompass Health Corporation (NYSE: EHC) is drawing early positives from its deployment of predictive analytics technology. In fact, it’s so bullish on early returns that the Birmingham, Alabama-based company plans to ramp up deployment and usage across the majority of home health locations in 2020. Apart from tech tools, Encompass Health also foresees plenty of […]
On Sunday, about 100 million people will turn on their televisions to catch the last game of the football season. The sport’s popularity has turned the championship matchup into a spectacle that draws more eyeballs per year than any other television event. Believe it or not, there’s something to be learned from it — even […]
In the months and weeks leading up to the Patient-Driven Groupings Model (PDGM), many industry insiders predicted the downfall of small and mid-size home health providers due to the disruption of cash flow and therapy utilization, as well as the complicated new documentation and coding processes. It’s undeniable that small and mid-size agencies will feel […]
Birmingham, Alabama-based Encompass Health Corporation (NYSE: EHC) — already one of the largest home health providers in the country — is likely on its way to even more growth this year, thanks partly to the expected M&A opportunities linked to the Patient-Driven Groupings Model (PDGM). Internally, coding changes and investments in predictive analytics have helped […]
When it comes to the Patient-Driven Groupings Model (PDGM), it’s often the seemingly small changes that bring big results. That’s true even for some of the largest U.S. home health providers, including Amedisys Inc. (Nasdaq: AMED), Bayada Home Health Care, Encompass Health Corp. (NYSE: EHC) and Humana Inc. (NYSE: HUM). While it’s still too early […]
The 2019 fiscal year concluded with the Department of Justice (DOJ) bringing in $2.6 billion in recoveries involving health care fraud and false claims. Home health-related fraud was a large part of these efforts. This marks the 10th consecutive year that the department’s civil health care fraud settlements and judgments have exceeded $2 billion. The […]
Home Instead names company vet president Home Instead Inc. has named its global chief information officer, Jim Hood, as its new president. Home Instead Inc. is the Omaha, Nebraska-based franchise company that runs Home Instead Senior Care, a provider of in-home care services with over 1,000 independently owned and operated offices worldwide. With more than […]
Immediately following the Oct. 1 rollout of the Patient-Driven Payment Model (PDPM), news broke about widespread therapy staff layoffs throughout the skilled nursing industry. The layoffs have continued — at a staggering pace — in the months since. While PDPM is inherently different than the home health industry’s upcoming Patient-Driven Groupings Model (PDGM), the reimbursement […]
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