In the wake of the final 2018 payment rule for home health being released, public companies have seen their stocks skyrocket. The Centers for Medicare & Medicaid Services (CMS) released its prospective payment system (PPS) 2018 update final rule on Wednesday without the inclusion of the home health groupings model (HHGM)—a proposed model that would […]
As home health care deals have cooled off in the wake of the home health groupings model (HHGM) proposal, at least one major provider is continuing to meet its acquisitions goals—albeit, cautiously. That was one message from the third quarter earnings call with investors with HealthSouth (NYSE: HLS), soon to be known as Encompass Health. […]
HealthSouth Increases Credit Revolver HealthSouth Corporation (NYSE: HLS) has amended the credit agreement governing its senior secured credit facility, increasing its revolver to $700 million from $600 million. HealthSouth is one of the nation’s largest post-acute care providers, offering both facility- and home-based services in 36 states and Puerto Rico through inpatient rehabilitation hospitals, home […]
After uniting its home health care and facility-based post-acute care divisions, HealthSouth (NYSE: HLS) is now leveraging technology to enhance coordination across the care continuum. Birmingham, Alabama-based HealthSouth, the largest provider of post-acute services in the U.S., has announced the development of its Post-Acute (PAC) Innovation Center in partnership with Cerner Corporation (Nasdaq: CERN), a North […]
Encompass Home Health and Hospice, which is a segment of HealthSouth (NYSE: HLS) and one of the nation’s largest home health providers, is sounding the alarm over a recently proposed rule that would overhaul the Medicare payment system and possibly drive some providers’ margins into negative territory. The July 25 proposal from the Centers for Medicare & […]
Encompass Home Health and Hospice, already one of the largest home health providers nationally, now is entering Illinois for the first time by acquiring VNA Healthtrends. Based in Des Plaines—about 20 miles northwest of downtown Chicago—VNA Healthtrends serves markets in Illinois, Indiana, Ohio, Michigan, and Arizona. The Michigan locations were not part of the sale, […]
While it’s fair to assume that some of the country’s biggest publicly traded home health care companies pay their chief executives well, some earn more than others. In 2016, CEOs at HealthSouth (NYSE: HLS), Kindred Healthcare (NYSE: KND) and Brookdale Senior Living (NYSE: BKD) made the most in total compensation—a figure that includes base salary, stock awards, […]
After discovering that key audiences do not understand the link between HealthSouth (NYSE: HLS) and Encompass Home Health and Hospice since the two merged in 2014, the company has decided to take a single name. HealthSouth, one of the nation’s largest providers of post-acute care services, will rebrand as Encompass Health Corporation on January 2, 2018. The home […]
Happy November, Home Health Care News readers! It’s officially Home Care & Hospice Month, according to the National Association for Home Care & Hospice (NAHC), and with the presidential election only days away, caregiver issues are on the national conscience. Our most-read stories this week were about the Centers for Medicare & Medicaid Services’ (CMS) […]
Two years after HealthSouth Corporation (NYSE: HLS) acquired Encompass Home Health and Hospice for $750 million, the combination is paying off and moving into new territory. The home health segment of HealthSouth posted adjusted earnings of $25.8 million in the third quarter of 2016, a 25% year-over-year increase. Moving forward—under a new CEO—HealthSouth will begin […]
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