AlayaCare Names New Board Advisor Home health care software developer AlayaCare has named Will Falk a member of its board of directors. Falk is a retired partner with multi-national accounting and auditing firm PricewaterhouseCoopers (PwC). He joined PwC in 2012 and led the Canadian health care practice for five years. He has spent 25 years as […]
Kindred Healthcare Inc.
As home health agencies across the Gulf Coast continue their recovery efforts in the aftermath of Hurricanes Harvey and Irma, many are starting to feel the blow from the financial impact the disasters have left behind. Louisville, Kentucky-based Kindred Healthcare (NYSE:KND) expects a one-time pre-tax earnings impact from Hurricanes Harvey and Irma of approximately $20 […]
The home health industry let out a collective sigh of relief last week after it was announced that the Pre-Claim Review Demonstration (PCRD or PCR) would be put on hold in Illinois and delayed in Florida, where the program was set to begin on April 1. Now, some home health care agencies in Illinois and […]
After recently declaring it would exit from the skilled nursing business entirely, the nation’s largest home health care provider is proving it still is one of the strongest players in the space. Despite missing analysts estimates in its fourth quarter and end-of-year earnings, investors still seemed to be pleased with Kindred Healthcare (NYSE: KND) and […]
Home Health Care News had a record-breaking year for readers and viewership. With all that went on in 2016, we kept readers up to date on breaking news across the industry. From the implementation of a disruptive, new demonstration to the surprising election of President-elect Trump, here’s our list of the top posts of the […]
Kindred Names Dr. Lynn Simon to Board of Directors Kindred Healthcare, Inc. (NYSE: KND) has appointed Dr. Lynn Simon to its board of directors, effective immediately. Since 2014, Simon has served as president, clinical services and chief quality officer for Community Health Systems, Inc. (NYSE: CYH), an operator of general acute hospitals in communities across […]
This week, pre-claim stepped into the spotlight once again, with Illinois lawmakers asking for a delay. On the home care side of things, a popular story involved a startup’s presence in Walmart. HHCN will be observing Columbus Day on Monday, October 10. We will return to our regular posting schedule on Tuesday, October 11. We hope you […]
It’s been a big week for the home health Pre-Claim Review Demonstration. The poorly-received program made several Home Health Care News headlines, first with its delayed start in Florida, and then due to home health providers still calling for the program’s total suspension everywhere. Meanwhile, the Department of Health and Human Services Office of Inspector General […]
Since Kindred Healthcare Inc. (NYSE: KND) acquired the home health operations of the Arkansas Department of Health for $39 million, questions remain about how much the company initially proposed to pay in the state’s first bidding round. Kindred beat out five other companies in a competitive bidding round for Arkansas’ operations, which provide care to […]
Two of the largest home health companies in the nation arguably are too liberal in how they calculate and report their adjusted earnings, which could be misleading investors, according to a new report from Mizuho Securities USA Inc. and a related Wall Street Journal article. At issue are the adjusted financial results reported by Kindred […]