When Hector Barragan joined Family Resource Home Care in December of 2022 as the president and COO, it was understood that he was part of a succession plan. However, in order to make sure a transition was smooth, outgoing CEO Jeff Wiberg wanted to make sure Barragan could help the company succeed in two areas. […]
Home care companies have always had to deal with a gray market in senior care, or an “underground” caregiver workforce. But as the cost of providing care continues to rise, providers may find themselves in more of a bind than before. Broadly, caregivers that are part of the underground workforce are individuals who are unaffiliated […]
As home care leaders begin to strategize for 2024, part of the process will be identifying the challenges they believe will be main characters next year. Oftentimes, home care leaders will point to labor as the biggest challenge in the space. While labor is and will continue to be an issue, there are also other […]
Artificial Intelligence seems to be on the tip of most health care leaders’ tongues heading into 2024 – and the topic is certainly finding its way into home care conversations, too. In fact, many home care leaders are already exploring how to incorporate AI into their organizations, getting the best use out of emerging solutions. […]
To strategically grow, home care companies need to build out robust sales and business development teams. As demand for home care rises, sales teams are on the front lines of a very competitive private-pay marketplace. Oftentimes, the sales team is the linchpin between the caregiver, the client and a successful business. “One of the things […]
In home care, the relationship between the operator and the private equity sponsor can be difficult to manage. Generally, healthy relationships – ones where there’s “give and take” – lead to growth and success. Poor relationships between those two parties, on the other hand, tend to lead to undesirable outcomes. “Private equity has a really […]
Community Based Care purchases Your Home Court Advantage Community Based Care (CBC) recently acquired Your Home Court Advantage to expand its veteran-focused services lines and its footprint. “The transaction is a reflection of both the company and the marketplace,” Cory Mertz, managing partner at Mertz Taggart, told Home Health Care News in an email. “Despite […]
Home care providers looking to use operational data to grow will need to learn how to sort through the clutter. Simply put, operational data is the data that is gleaned from an organization’s day-to-day operations. While data can be a useful decision-making tool, it’s important for providers to understand the information they’re looking at in […]
The home-based care M&A landscape has been very active over the last year. And as long as the publicly traded companies remain in good standing, investment activity from private equity players and others is likely to remain strong. That’s according to Mertz Taggart Managing Partner Cory Mertz, who said at the Home Health Care News […]
Non-medical home care was on the rise prior to 2020, as Medicare Advantage plans and health systems began investing more heavily around social determinants of health and activities of daily living. The COVID-19 pandemic, however, has arguably made home care the hottest corner of the senior care world. There are dozens of home care companies […]
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