Modivcare names new CEO of personal care services, chief corporate affairs officer Modivcare named Marshalina “Marsha” Ramos CEO of the personal care services (PCS) business on Sept. 8, where she will oversee the company’s PCS portfolio. Prior to joining Modivcare, Ramos served as founder and CEO of home care and hospice advisory firm Visionary Group. […]
Home-based care providers have an unmatched view of barriers that can undermine care outcomes known as social determinants of health. Even without an immediate financial incentive, some home-based care providers are addressing these social determinants of health to remove these obstacles — and to give frontline workers a better chance to deliver the services patients need. “Home healthcare […]
Nick Evans joins Home Helpers as new chief financial officer In-home care provider Home Helpers appointed Nick Evans, a former executive at tax preparation firm Liberty Tax Services, as its new CFO. Evans will succeed Home Helpers’ current CFO Bill Burlingham, who is retiring after 11 years in the role. Evans aims to continue operations […]
Modivcare has won court approval of its Chapter 11 reorganization plan, positioning the company to exit bankruptcy in the coming weeks. Judge Alfredo R. Pérez of the U.S. Bankruptcy Court for the Southern District of Texas confirmed the reorganization plan on Friday. Modivcare said that Pérez also supported the company’s judgment in its business valuation […]
In August, Modivcare announced that it had filed for Chapter 11 bankruptcy and was subsequently delisted from the Nasdaq. The company’s CEO expects to exit bankruptcy by the end of 2025, saying Modivcare will emerge “even stronger.” Modivcare has been through a challenging few years, CEO Heath Sampson told Home Health Care News. To guide […]
Maine lawmakers have recently pushed the state’s Department of Health and Human Services (DHHS) to reconsider its 10-year, $750 million contract with Modivcare. Modivcare, a provider of personal home care, non-emergency medical transportation and in-home monitoring solutions, announced in August that it filed for bankruptcy. Soon after, Maine lawmakers spoke out against the company’s non-emergency […]
In the face of fluctuating regulations, including Medicaid budget cuts and the proposed companionship exemption, home care providers are taking action to improve efficiency and educate lawmakers. Medicaid reimbursement rates play a pivotal role in shaping how home care providers sustain their businesses and manage investments – including decisions around overtime pay – according to […]
From contract losses to financial decline in certain segments, the leaders at Modivcare Inc. (Nasdaq: MODV) haven’t shied away from detailing the various headwinds negatively impacting the company in recent years. Then, in August, Modivcare revealed that it filed for Chapter 11 bankruptcy. Over the years, the health care sector has seen a spike in […]
Modivcare Inc. (Nasdaq: MODV) revealed that it has filed for Chapter 11 bankruptcy. As a company, Denver-based Modivcare offers technology-enabled health care services and provides non-emergency medical transportation (NEMT). The company’s Modivcare Home division includes its personal care, remote patient monitoring and nutritional meal delivery services. “Chapter 11 is what you file when you have […]
Among the storylines to emerge during Q1 2025 earnings calls, I was particularly interested in the divergent results that Addus HomeCare (Nasdaq: ADUS) and Modivcare (Nasdaq: MODV) posted in their personal care segments. While Addus reported a 20.3% year-over-year increase in net service revenue, which leadership directly attributed to its personal care services, Modivcare reported […]
