The U.S. home care industry is at an inflection point. Prior to the COVID-19 pandemic, an increasing number of payers and health care providers began to recognize the value of non-medical home care, particularly when it comes to chronic disease management and preventative care. That recognition has grown even stronger in 2020, with home care […]
Family Resource Home Care — one of the largest independent home care companies in the Pacific Northwest — is positioning itself for further growth. On Monday, the Liberty Lake, Washington-based Family Resource Home Care announced a new investment partnership with Great Point Partners, a health care-focused private equity group headquartered in Greenwich, Connecticut. Terms of […]
Hospital readmission rates are one of the most important markers of success in the post-acute and long-term care spaces. But a large number of home care agencies still don’t keep track of those metrics. Overall, 75% of home care agencies did not track readmission rates at all in 2019, according to recently released data from […]
While some ground has been gained, home care’s campaign into Medicare Advantage (MA) territory has sometimes felt like an inch-by-inch progression rather than a full-on assault. But that shouldn’t be too surprising for those familiar with how MA plans think, according to Jeff Wiberg, the CEO of Family Resource Home Care, a large home care […]
When COVID-19 came on the home-based care industry’s radar, it brought fear with it, leaving agencies scrambling to prepare for worst-case scenarios. The storm has not been weathered just yet. But in dire times, providers have chosen community in lieu of competition. That’s been especially true for a group of in-home care providers that have […]
The Medicare Advantage boom for home care is almost here. Ever since the Centers for Medicare & Medicaid Services (CMS) first expanded the scope of Medicare Advantage (MA) supplemental benefits in April 2018, at-home care providers have been trying to figure out they fit into a potentially new reimbursement puzzle. At least initially, it appeared […]
With roughly 17,000 agencies, the home care industry remains highly fragmented. But that’s starting to change — and a major consolidation wave appears to be cruising toward shore. For context: There were at least 47 total home care transactions in 2018, according to proprietary data from M&A advisory firm Mertz Taggart. There were six in […]
The 22nd episode of our podcast, Disrupt, is now available! Led by CEO Jeff Wiberg, Family Resource Home Care is the product of a merger between two of the biggest home care providers in the Pacific Northwest. The company is now using that scale to create density in its markets and go after emerging Medicare […]
A new law designed to help fund long-term care services could mean big business for home care providers down the road. On May 13, Washington Governor Jay Inslee officially signed the Long-Term Care Trust Act into law. The groundbreaking tax could be the first of several of its kind to sweep the nation. The law […]
In the dynamic home health, hospice and personal care industries, scale is sometimes a serious leg up, as well as a driving force behind record-setting M&A activity. That’s especially true when it comes to keeping up with potential Medicare Advantage (MA) opportunities, collecting actionable data and experimenting with new business models that solve nationwide problems, […]