New Day Healthcare is an active acquirer of home health, personal care and hospice organizations – but the company’s top executive is pumping the breaks on more home health deals. The proposed Medicare home health rate cut will impact “everything” for the multi-service line provider, CEO G. Scott Herman told Home Health Care News’ sister […]
New Day Healthcare
Strong payer strategies, innovative clinical models and a bullish approach to M&A are just some of the qualities that have distinguished six home health companies from the rest of the industry. Often operating as one-stop shops, these organizations are leveraging data, experimenting with unique payer mixes and implementing technology to enhance care delivery and operational […]
Pennant Group expands California presence with the acquisition of GrandCare Health Services The Pennant Group Inc. (Nasdaq: PNTG) has acquired GrandCare Health Services in Southern California. Moving forward, the agency will be known as Grand Care Home Health. It will serve Los Angeles, Orange, Riverside and San Diego counties, thereby expanding Pennant’s service area in […]
Data is often a driving force in helping home-based care providers demonstrate their value, improve clinical outcomes and land deals. But providers sometimes encounter gaps in data availability — instances where critical patient or operational information cannot be collected, accessed, or analyzed. Identifying and resolving these gaps in data availability, which some home-based care companies […]
Home-based provider New Day Healthcare announced Wednesday that it agreed to acquire Heritage Home Healthcare, marking its first foray into a new state. With a team of over 900 caregivers, Heritage Home Healthcare provides home care, hospice and skilled nursing services to more than 1,100 patients daily across New Mexico. The acquisition brings New Day’s […]
As Medicare Advantage (MA) continues its rapid rise, nonprofit home health care companies are grappling with unsustainable reimbursement rates, with some forced to walk away from specific care plans. Nonprofit home-based care providers are increasingly struggling to absorb the financial losses associated with Medicare Advantage (MA) plans, which now cover the majority of Medicare beneficiaries […]
As Medicare Advantage (MA) enrollment continues to surge, home health providers have seen slim margins deteriorate further. Some providers have openly expressed their decision to reject financially unsustainable MA contracts. Abandoning unfavorable MA contracts may sometimes be necessary, industry executives told Home Health Care News. However, some providers have improved their MA standing by renegotiating […]
Home-based care providers are facing numerous obstacles right now — workforce shortages amid an increased demand for care services, challenging reimbursement environments and more. In response, home-based care leaders are pushing themselves to come up with innovative strategies that drive efficiency. Companies that have successfully implemented creative strategies to address staffing, achieve operational efficiencies and […]
Once the ink on a deal is dry, home-based providers face the arduous assignment of integrating two disparate companies. Companies well-versed in managing post-acquisition transition periods have seen success by embracing visibility and establishing trust. Strategically integrating acquisitions can also unlock added value, including fresh strategies and increased employee engagement. At Choice Health at Home, […]
Home-based care providers are expanding through acquisitions and new development. New Day Healthcare expands in Houston New Day Healthcare has purchased Patient Recovery Home Healthcare Services, a Houston-based personal care provider. This deal marks the company’s 15th acquisition to date. Founded in 2020, New Day has roughly 33 locations across Texas, Missouri, Kansas, Illinois and […]
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