LHC Group CEO Urges Congress to Support PDGM-Altering Bill

LHC Group (Nasdaq: LHCG) Chairman and CEO Keith Myers is again calling on Congress to pass legislation refining the assumption-based payment adjustments currently outlined under the Patient-Driven Groupings Model (PDGM). The co-founder of the Lafayette, Louisiana-based company recently penned an article in The Hill emploring legislators to pass S. 433, a new bipartisan bill that […]

Senate Lawmakers Introduce New Legislation Urging Evidence-Based PDGM Changes

Newly introduced bipartisan legislation in the U.S. Senate is targeting the widely opposed behavioral adjustments set to hit home health agencies next year under the Patient-Driven Groupings Model (PDGM). If passed, the legislation would require the Centers for Medicare & Medicaid Services (CMS) to base Medicare reimbursement rates on observed evidence and data, instead of […]

LHC Group Expands Home-Based Care Footprint With Latest Joint Venture

Just one month into the year, LHC Group (Nasdaq: LHCG) is already making progress on its 2019 goal to shift more care into the home.  The home health care powerhouse on Thursday announced a new joint venture with Unity Health, resulting in shared ownership of two home health providers in Arkansas. The move is yet […]

Humana Updates Management Team, LHC Group Fills Out Board

Humana updates management team with internal hires Health insurance giant Humana Inc. (NYSE: HUM) has filled two leadership roles with internal candidates. The Louisville, Kentucky-based company has promoted Joseph Ventura to General Counsel and named Douglas Stoss interim lead for Humana’s Office of Corporate Affairs. Both will serve as members of the company’s management team. […]

LHC Group CEO: Traditional Home Health Model Must Evolve

Last year’s smooth integration of Almost Family — formerly one of the biggest home health providers in the country itself — has broadened LHC Group’s (Nasdaq: LHC) geographic footprint and bolstered its dealmaking confidence. That will be key looking ahead to 2019, as M&A activity across post-acute care segments is expected to remain robust. With […]

Amedisys, LHC Group Stocks Hit by December Downturn

December 2018 was the worst December for stock values since the Great Depression era. The two biggest publicly traded home health companies in the U.S. — Amedisys Inc. (Nasdaq: AMED) and LHC Group Inc. (Nasdaq: LHCG) — saw a market dip in stock values as well. That’s according to M&A advisory firm Stoneridge Partners’ latest […]

The Top Trends in Home Health Care for 2019

2018 was a banner year for the Medicare-certified home health care industry. Big providers got even larger through creative mergers and acquisitions. Admissions and utilization numbers held strong. New telehealth opportunities started to emerge. And, in general, revenues remained high. The upcoming year brings much uncertainty, however, with the main culprit being the Patient-Driven Groupings […]

LHC Group Wins Better Rates with Payers as Part of Almost Family Integration

The industry-shaping mega merger between Almost Family and LHC Group (Nasdaq: LHCG) is ahead of schedule and exceeding expectations in a number of key categories, LHC Group executives said Thursday during the 37th Annual J.P. Morgan Healthcare Conference in San Francisco. In addition to ramping up Almost Family admissions, quality scores and margins, Lafayette, Louisiana-based […]

From Death Doulas to Minimum Wage Hikes: 10 Memorable Stories from 2018

Home Health Care News’ most-read stories of 2018 largely focused on Medicare Advantage changes, payment updates and regulatory initiatives. But every year there are also stories that don’t make our most-read list that we feel are deserving of another look. These stories highlight interesting trends, shed light on important topics and capture some of the […]

Home Care Giant BrightSpring to Merge with Major LTC Pharmacy PharMerica

Home- and community-based care giant BrightSpring Health Services — formerly known as ResCare — plans to merge with pharmacy company PharMerica. The two companies will be under the private equity ownership of KKR, with an affiliate of Walgreens Boots Alliance (Nasdaq: WBA) holding a minority stake, according to an announcement issued Tuesday. Full financial terms […]