Home care providers are increasingly working to diversify their payer mix, in some cases aggressively shifting away from predominantly private-pay revenue structures. Unlike most senior care providers working under Medicare, Medicaid or private insurance, home care agencies have typically operated within the private-pay model. In recent years, this has slowly begun to change. Last year, […]
One of the largest independent home care companies in the Pacific Northwest is getting larger, and it’s doing so to position itself as a better partner to payers and health systems. The Liberty Lake, Washington-based Family Resource Home Care announced Tuesday that it is acquiring two independent home care providers based in Oregon, bringing its […]
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 […]
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