Heading into 2020 — the first year of the Patient-Driven Groupings Model (PDGM) — many believed there would be an inevitable disruption to home health therapy utilization. More than three years later, it’s still unclear exactly how PDGM has impacted therapy, and how the industry can differentiate PDGM’s impact versus the pandemic’s. More clarity should […]
In order to manage its home health visits appropriately, Enhabit Inc. (NYSE: EHAB) hopes to have anywhere from 0% to 10% fee-for-service discounts when negotiating managed care episodic contracts. Historically, Enhabit has seen an average discount on a per visit basis between 35% to 40%, which is pretty significant, Enhabit CEO Barb Jacobsmeyer said on […]
After seeing a 4% decline in traditional Medicare beneficiaries in the markets the company serves, Enhabit Inc. (NYSE: EHAB) is working to build back up its home health fee-for-service business. That will start by working with referral sources and offering them a wide range of care services, according to Barb Jacobsmeyer, the president and CEO […]
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. […]
Home-based care leaders are constantly looking to other industries to find inspiration. Take the airline industry, for example. Despite some of its warts, the convenience of looking up and booking a flight is an immediate process. There is no window of time where a hopeful traveler requests a flight and has to wait a certain […]
Amedisys Inc. (Nasdaq: AMED) announced two major news items Wednesday ahead of its Thursday morning earnings call. First, there was the announcement that it would be divesting its personal care division – which did over $60 million in revenue in 2022 – to the Massachusetts-based HouseWorks. Additionally, the company announced it was partnering with BlueCross […]
Net service revenue, net income and home health admissions all decreased year over year for Enhabit Inc. (NYSE: EHAB) in the fourth quarter. And it’s not just the headwinds that are driving down key performance indicators, but also the strategies that the company is employing to combat those headwinds. In other words, to thrive later, […]
In home-based care, persistent headwinds are forcing leaders to employ new strategies. Those strategies include searching for new partnerships to drive efficiency; looking outside the industry for inspiration; and taking on more value-based and risk-based opportunities. The headwind with the most persistence is staffing woes. At CenterWell Home Health, forming relationships with universities has been […]
Two factors are having a substantial impact on home health care M&A right now — one affecting the seller and one affecting the buyer. Each is largely out of home health providers’ hands. The first is interest rates and general market conditions, and the other is the U.S. Centers for Medicare & Medicaid Services’ (CMS) […]
Elara Caring adds Dr. Kevin Henning to its leadership team Elara Caring — one of the largest home health providers in the U.S. — has named Dr. Kevin Henning as its chief medical officer. “Dr. Henning joins Elara at an incredibly exciting time,” Elara Caring COO Ananth Mohan said in a press statement. “We are […]
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