Last year hit home health agencies with a cash flow triple whammy. First, the Patient-Driven Groupings Model (PDGM) took effect January 1, and cut billing periods in half, from 60 days to 30, leaving agencies tight on cash flow for the first few months under the new payment model. Next, Centers for Medicare & Medicaid […]
Simione Healthcare Consultants
The post-acute care space has been undergoing a wave of consolidation for the past few years. And as more providers come together, the businesses that serve them are beginning to do the same. The newest example of that trend came Tuesday, when the Connecticut-based Simione Healthcare Consultants and Pennsylvania-based BlackTree Healthcare Consulting revealed plans to […]
The U.S. Centers for Medicare & Medicaid Services (CMS) has extended the Comprehensive Care for Joint Replacement (CJR) payment model. That’s welcome news for home health operators, as CJR has been a key program for participating agencies since its implementation. Introduced in 2016, CJR essentially allows CMS to hand out bonuses or inflict payment penalties […]
This article is sponsored by Simione Healthcare Consultants. In this VOICES interview, Home Health Care News sits down with Simione Healthcare Consultants Managing Director Julia Maroney to learn the road that clinicians take to become business managers, starting with education, training and mentoring — and how Simione can help them get there. Home Health Care […]
While the launch of the Patient-Driven Groupings Model (PDGM) mixed with the COVID-19 pandemic potentially spells double trouble for home health agencies in 2020, financial decision-making and outcomes can improve with a clear path to the right data. With mid-year results soon available and stimulus fund reporting well underway, home health agencies are looking for […]
When it comes to acquiring home health care agencies, buyers can afford to be picky. There are more than 10,000 home health providers nationwide, but typically, only a few dozen deals close per year. Between 2011 and 2014, the market saw an annual average of 80 transactions, according to data from the investment banking company […]
The COVID-19 emergency has slowed mergers-and-acquisitions activity in the home-based care space, largely due to travel restrictions, general sector uncertainty and the shifting priorities of top leadership. However, interest in home-based care deals remains robust and valuations remain high. In fact, M&A experts expect deal activity to pick up dramatically come fall 2020 and beyond. […]
This article is sponsored by Simione Healthcare Consultants. In this Voices interview, Home Health Care News sits down with Principal Eric Scharber, who leads Exact Recruiting, a Simione Talent Solution, to learn how COVID-19 re-routed staffing approaches devised around the Patient-Driven Groupings Model (PDGM). We also discussed the four most important practices for retention — […]
The U.S. Centers for Medicare & Medicaid Services (CMS) recently announced plans to suspend its advance payment program and reevaluate its accelerated payment program. It’s a decision that some home health industry insiders feel is too premature. CMS typically offers expedited Medicare payments to help providers during times of natural disasters. The agency initially expanded […]
Advanced payments from the U.S. Centers for Medicare & Medicaid Services (CMS) can help home health agencies navigate cash flow challenges associated with the COVID-19 virus. But providers will need to approach accelerated payments with caution, armed with accurate, objective assessments of their internal financial situations. During times of natural disasters, CMS normally offers expedited […]
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