Despite the fee-for-service rate environment, Addus Homecare Corporation (Nasdaq: ADUS) is bullish long term on home health care, which represents its smallest segment of business. But that doesn’t tell the whole story. What Addus is really in on is home health care alongside personal care, which it can offer across Illinois, New Mexico and Tennessee. […]
Stephens
June is upon us. The year is nearly halfway gone, and since the turn of the calendar, there have been a lot of learnings on where the home health industry currently sits — and where it may be headed. But everything will be reset in the next month when the Centers for Medicare & Medicaid […]
While they may seem like outliers from the perspective of most providers in the country, publicly traded home health companies are often a great indicator of where the industry is – and where it’s going. Whether they’re investing in new service lines or diversifying their revenue streams, the big providers on the block continue to […]
Addus HomeCare Corporation (Nasdaq: ADUS) is bullish on its M&A pipeline across all segments, its value-based care strategy and favorable rates across some of its markets. Perhaps more important than anything, however, is its leaders’ belief that the company has turned the corner on hiring. In the third quarter of this year, Addus’ hires per […]
The U.S. Centers for Medicare & Medicaid Services (CMS) released a fairly negative proposed payment rule for the home health industry on Friday. Specifically, the proposal includes a 4.2% decrease to payment rates that, if finalized, dumps cold water on an industry that’s just starting to heat up again. Though CMS’ unveiling of the proposed […]
American Rescue Plan (ARP) funding has started trickling down to programs aimed at helping seniors age in place. Earlier in May, the Biden administration released $1.4 billion for Older American Act-enabled initiatives related to vaccine coordination, senior nutrition and more. Meanwhile, the U.S. Department of the Treasury has been overseeing the distribution of $350 billion […]
Before President Joe Biden was sworn in on Wednesday, he had already unveiled plans for another massive stimulus package, one that could help home-based care providers in some ways — and hurt them in others. Under the new president’s “American Rescue Plan,” for instance, there would be $400 billion put forth to increase COVID-19 testing […]
In its initial announcement, the U.S. Centers for Medicare & Medicaid Services (CMS) went out of its way to clearly state its new hospital-at-home waiver program was not designed for home health agencies. But that doesn’t mean there isn’t any upside for them, industry insiders say. Unveiled on Nov. 25, CMS’s new hospital-at-home waiver program […]
Mission Viejo, California-based The Ensign Group Inc. (Nasdaq: ENSG) unveiled plans Monday to spin off its home health, hospice and senior living businesses into The Pennant Group, a separate publicly traded company. Expected to close by the end of 2019, the Pennant spinoff will consist of 60 home health and hospice agencies and 51 senior […]
Amedisys Inc. (Nasdaq: AMED) posted strong Q1 2019 financial results on Tuesday, with home health revenues buoyed by a 6% rise in same-store total volume. Despite a solid quarter, the company’s stock values were down 6.21% nearing end-of-day Wednesday, trading at $119.88 per share. Headquartered in Baton Rouge, Louisiana, Amedisys held a conference call with […]
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