Private equity-backed health care software company WellSky has a new investor and a new capital structure, the company announced Monday. TPG Capital — the PE platform that currently owns WellSky — has entered into a definitive agreement to add private equity firm Leonard Green & Partners LP (LGP) as a capital partner. As part of […]
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Both during and after the COVID-19 crisis, success will favor the innovators. Providers that can adjust their business operations accordingly and keep up with the sweeping regulatory changes will have a massive advantage moving forward. Conversely, those resistant to the new, post-coronavirus normal run the risk of being left behind. “The easy prediction is that […]
The strain the COVID-19 virus has placed on U.S. hospitals is shining a light on the need for home- and community-based care. That’s according to former U.S. Senate Majority Leader Tom Daschle, who is also the founder and CEO of The Daschle Group. The former congressman discussed home-based care and other topics during a recent […]
The Patient-Driven Groupings Model (PDGM) was one of the largest concerns for the home health industry after it was finalized by the Centers for Medicare & Medicaid Services (CMS) in October 2019. But now that it has been implemented and agencies have faced their boogeyman, confidence under the new payment model is growing, industry insiders […]
In the past, home health providers could almost exclusively focus on quality of patient care, sit back and watch their businesses thrive. Today, there are far more variables to factor into the equation for operational success. That’s according to registered nurse Donald Lirette, who also happens to serve as executive director and owner of Bayou […]
Amedisys Inc. (Nasdaq: AMED) — the second-largest home health provider in the country, according to LexisNexis — is aiming to become the industry’s leader in employee turnover rates. Just five years ago, the Baton Rouge, Louisiana-based home health giant sported over a 40% turnover rate. That number was lowered to under 16% by the end […]
The shift to value-based care can sometimes be seen as a challenge for the tens of thousands of home-based care providers that operate in the U.S. But WellSky is trying to make sure it can be viewed more as an opportunity. The Overland Park, Kansas-based health care software company recently launched WellSky REACH, which it […]
LHC Group expands joint venture LHC Group (Nasdaq: LHCG), Texas Health Resources and Methodist Health System have agreed to purchase and share ownership of Healthcare Resources, an Arlington, Texas-based home health provider. DFW Home Health — a separate legal entity jointly owned by LHC Group, Texas Health Resources and North Texas Health Facilities Management Inc., […]
WellSky partners with Forcura WellSky, a health and community care technology company backed by TPG Capital, has partnered with Forcura. Under the partnership, WellSky clients will have access to Forcura’s intake and referrals management tools, care team coordination and orders tracking. “This integration automatically tracks orders and eliminates the need to manually fax orders. Forcura […]
The Patient-Driven Groupings Model (PDGM) is less than three full months away. Among its biggest changes, PDGM halves the traditional 60-day billing period to 30 days and places greater emphasis on coding with a new 432-point case-mix mechanism. If those two changes weren’t enough, the overhaul also comes with a potential 8% behavioral adjustment cut […]