Kindred Healthcare, Inc. (NYSE: KND) president and CEO Benjamin Breier sounded off on the proposed home health groupings model (HHGM), vowing to work with the industry and regulators to craft a solution that works for all parties. “The home health industry is undeniably united in its negative view of the rule, and will take a […]
Lafayette-based LHC Group (Nasdaq: LHCG) has entered into a joint venture agreement with Irving, Texas-based Christus Health to take over the operations of 21 services locations, including home health agencies, hospice program, community-based home care services, inpatient hospice and long-term acute-care hospitals (LTACHs). Christus Health is an international Catholic, faith-based, not-for-profit health system that operates more than 600 […]
Home health care providers are on edge after the Centers for Medicare & Medicaid Services (CMS) issued a proposal Tuesday to overhaul the Medicare payment system, with major restructuring changes that could result in a payment cut of $950 million to home health care agencies in 2019. Stock values for Amedisys (Nasdaq: AMED), Almost Family (Nasdaq: […]
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, […]
Home health companies once again saw market gains in May, according to the latest Home Health Index tracked by Stoneridge Partners. The home health index, which tracks the stock prices of Amedisys (Nasdaq: AMED), Almost Family (Nasdaq: AFAM) and LHC Group (Nadaq: LHCG), rose 9.1% in May from the previous month. Year to date, the […]
Welcome back from another summertime weekend, Home Health Care News readers. To kick off your week, take a moment to catch up on the most recent news with our Monday Briefing. Last week, we tuned into presentations at the Jefferies Healthcare Conference, and heard the CEO of LHC Group (Nasdaq: LHCG) say the company has […]
Lafayette, Louisiana-based LHC Group (Nasdaq: LHCG)—a champion of joint ventures with hospitals and health systems—is seeing a bright future beyond fee-for-service with growth prospects to potentially double the size of the company to $2 billion. Specifically, the home health care provider is eyeing the benefits of Medicare Advantage, CEO Keith Myers made clear during a presentation on Tuesday […]
Three of the biggest publicly-traded home health companies had a stellar showing last month, as their market performance both outpaced the S&P 500 index and achieved a new record high for the month of April, according to the latest Home Health Index from Stoneridge Partners. The Home Health Index, which tracks the market values of […]
A recently-closed joint venture with a major hospital system has paid off for Almost Family (Nasdaq: AFAM), according to first-quarter earnings results. The Louisville, Kentucky-based home health care provider saw a strong increase in revenues and admissions thanks, in part, to its joint venture acquisition of Community Health Systems’s (NYSE: CYH) home health operations. Almost […]
Lafayette, Louisiana-based LHC Group (Nasdaq: LHCG) is continuing to bet on a growth strategy that has long paid off for the home health care company—partnering with hospitals and health systems in joint ventures. And the opportunity for these joint ventures is gaining more momentum, according to LHC Group CEO Keith Myers, who spoke about the […]
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