WellSky Completes $1.35B Purchase of CarePort Health

WellSky announced Thursday that it has completed its acquisition of care coordination software company CarePort Health. Under terms of the deal — first announced in October — WellSky purchased CarePort from Allscripts Healthcare Solutions (Nasdaq: MDRX) for a price tag of $1.35 billion. Allscripts is a health care information technology provider. CarePort’s platform helps health […]

Private-Duty Home Care Providers Poised to Play Leading Role in Pop Health Models

As health care spending continues to rise, private-duty home care agencies will likely play increasingly important roles in population health management. In total, U.S. health care spending is expected to reach $4.8 trillion by 2025. Often, it’s chronic conditions, social determinants of health and functional limitations that drive that spending upward. The combined pervasiveness of […]

WellSky to Acquire CarePort from Allscripts in $1.35B Deal

WellSky announced Tuesday it has entered into an agreement to acquire CarePort Health from Allscripts Healthcare Solutions (Nasdaq: MDRX), a health care information technology provider. The deal is for $1.35 billion, according to Allscripts. WellSky is an international software and professional services company with clients that include home health providers, hospital systems, blood banks, labs, […]

WellSky Nabs New Investment from Leonard Green & Partners

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 […]

‘Innovators Will Succeed’: Why Home-Based Care Agencies Need to Start Adapting to the New Normal

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 […]

Former Senate Majority Leader Tom Daschle: Home Health Workforce Is Essential to Addressing COVID-19

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 […]

Home Health Agencies Conquering Fear of PDGM Boogeyman

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 […]

Bayou Home Care Owner: It Takes More Than Quality Care to Keep Home Health Businesses Alive

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 CEO: If We Don’t Produce High-Quality Care, We Shouldn’t Be in Business

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 […]

WellSky Tries to Bridge Gap Between Payers and Providers with REACH

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 […]