A class action lawsuit has been filed against UnitedHealth Group (NYSE: UNH) in Minnesota. That lawsuit pertains to two issues that home health providers have long griped over: algorithms dictating care, and conveners’ role in between payers and providers. The lawsuit follows an investigation from STAT News, which alleged that UnitedHealth Group – through naviHealth […]
LHC Group is back on the M&A scene, sans the stock ticker next to its name. UnitedHealth Group’s (NYSE: UNH) Optum officially acquired the company on Feb. 22. For the first time since then, LHC Group has made an acquisition of its own. It is acquiring the Delaware-based, Medicare-certified home health agency Summit Home Care. […]
One of the most intriguing story lines in home-based care over the next year will be whether home health providers can successfully make themselves an integral part of hospital-at-home care in the U.S. When hospital at home first began to increase in prevalence in 2020 due to the Centers for Medicare & Medicaid Services’ (CMS) […]
The $5.4 billion transaction between UnitedHealth Group (NYSE: UNH), its subsidiary Optum and home health giant LHC Group (Nasdaq: LHCG) has closed. In filings with the U.S. Securities and Exchange Commission (SEC) Wednesday, LHC Group stated that its stock would be retired from public trading as of Feb. 22. In another filing, the company confirmed […]
UnitedHealth Group’s (NYSE: UNH) deal for LHC Group Inc. (Nasdaq: LHCG) reportedly could still close in the first quarter. Each party has certified “substantial compliance” and no divestitures are expected, according to a Dealreporter item for last week, which cited sources familiar with the matter. As that deal does come to a close, the home […]
Home health care’s 2022 was dimmed by the dark cloud of Medicare rate cuts. That cloud still hangs overhead in 2023. To weather the storm, providers are scrambling to find answers to persistent problems, namely staffing shortages. At the same time, they’re renegotiating arrangements with Medicare Advantage (MA) plans and pivoting from certain service lines […]
Despite the hope that COVID-19’s effect on the world would wane in 2022, the year started with the highest case counts that home health and home care providers had seen, both among patients and staff. But as Home Health Care News’ top stories of the year suggest, COVID-19 did not define what went on in […]
The flurry of 2021’s home-based care deals was a tough act for 2022 to follow. Especially in the third and fourth quarters of last year, a record-breaking number of transactions went down. A variety of factors contributed to that volume, including changing conditions that – at least for a short period of time – allowed […]
There’s a reason that we cover the largest home health and home care companies so closely at Home Health Care News. It’s not all we cover, of course, but what the biggest players see as pain points, opportunities and places to grow are often an indication of what the rest of the home care and […]
The home health industry is at an inflection point. As any year comes to a close – especially 2022 – it’s one of the most interesting times to hear what executives are saying about their own companies and the industry at large. Luckily, earnings calls and investor presentations have allowed us insight into what is […]
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