Careforth names new chairman of the board Amedisys Inc. (Nasdaq: AMED) veteran Paul Kusserow is serving as Careforth’s chairman of the board. Boston-based Careforth is a family caregiver support platform. The company recently announced that it was able to lower adverse health event occurrences and keep seniors out of costlier settings. Currently, Kusserow also serves […]
New Day Healthcare
Grand opening, grand closing. Hospice providers began to work with Medicare Advantage (MA) via the Value-Based Insurance Design (VBID) demonstration in 2021. At the end of 2024, the “hospice carve-in” model will cease. This will have an impact on home health providers who offer hospice services, obviously. But the failure of hospice’s fit within VBID […]
Over the next 12-18 months, the mergers and acquisitions that do or do not take place in home-based care will tell a story worth listening to about the future of the space. The context has become monotonous to tell at this point: high interest rates are affecting dealmaking across the country; Medicare Advantage (MA) penetration […]
New Day Healthcare has been one of the most active acquirers in home health care over the last year. As it grows, it’s looking to set itself apart from the home health company archetype of yesteryear. At the heart of New Day’s paradigm-shifting approach lies a commitment to remote home health models, a concept born […]
Unlike in other health care sectors, front-line home health employees have always been a part of the remote workforce. It’s an aspect of the job that many of them enjoy, but home health providers have always tried to make them feel like they were connected to the broader culture of the organization. That’s generally what […]
Elevance Health to acquire infusion provider Paragon Healthcare Elevance Health (NYSE: ELV) announced that it has plans to acquire the infusions services company Paragon Healthcare. The acquisition opens up the opportunity for Elevance members to receive more in-home care. “The acquisition of Paragon Healthcare will deepen our capabilities around providing affordable, convenient access to specialty […]
Staffing shortages, rate cuts and Medicare Advantage penetration will continue to be trends in the home health market in 2024. Those aren’t new. What is new, however, is how providers plan to combat the issues that stem from those trends. Home health leaders are focused on mitigating margin compression, utilizing more technology, leveraging artificial intelligence, […]
Dealmaking remained relatively quiet in home health, home care and hospice in the third quarter. A variety of trends – both micro and macro – contributed to that. Overall, there were 25 total deals reported, according to data from the M&A firm The Braff Group. That quarterly number is in line with the first and […]
Elara Caring acquires American Family Home Health Elara Caring has acquired American Family Home Health, a Huntley, Illinois-based home health care provider. “In agreeing to be acquired by Elara, American Family Home Health is passing the baton to an organization that has demonstrated its full commitment to high-quality, compassionate patient care,” Ren Pillai, administrator at […]
G. Scott Herman has been in the home health industry for a long time. But when it comes to his new venture – New Day Healthcare – he’s not running the company based on what worked in the past, or even what may work best right now. He’s trying to build a forward-looking, sustainable home-based […]
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