Two factors are having a substantial impact on home health care M&A right now — one affecting the seller and one affecting the buyer. Each is largely out of home health providers’ hands. The first is interest rates and general market conditions, and the other is the U.S. Centers for Medicare & Medicaid Services’ (CMS) […]
While the home health sector deals with rate cuts, the home care industry is fighting its own monetary battle: the rising cost of services. That’s just one dynamic that could change the way home care agencies do business in the new year. At the same time, providers are also investing in what they believe to […]
Home health care’s 2022 was dimmed by the dark cloud of Medicare rate cuts. That cloud still hangs overhead in 2023. To weather the storm, providers are scrambling to find answers to persistent problems, namely staffing shortages. At the same time, they’re renegotiating arrangements with Medicare Advantage (MA) plans and pivoting from certain service lines […]
Home health and home care operators grappled with numerous challenges in 2022 that impacted their businesses, from COVID-19 cases spiking due to the Omicron variant in the first quarter to labor pressures persisting throughout the year. For many providers, those headwinds turned their attention to maintaining growth, fine-tuning existing operations and avoiding loss, with service-line […]
Home health referrals are well above where they were before the pandemic, but not necessarily at the expense of skilled nursing facilities (SNFs). There are now more patients in need of home health services, and those patients tend to be sicker. At the same time, agencies are struggling to meet demand in a tough recruiting […]
Predictions are a lot like playing the offensive line. If you do your job and get them correct, it goes unnoticed. If you get them wrong and make a blunder, they’re far more noticeable. But it’s more fun to point out the blunders anyway. And given how 2022 turned out and all the predictions we […]
Almost half of Medicare beneficiaries utilizing home health care services have five or more chronic conditions. This is also true when looking at Medicare Advantage (MA) beneficiaries, according to data from the Research Institute for Home Care (RIHC). RIHC recently released its 2022 Home Care Chartbook, a detailed overview of the home health landscape that […]
Aveanna Healthcare Holdings Inc. (Nasdaq: AVAH) has announced that Tony Strange, its CEO and director, will retire at the end of December. Jeff Shaner – the company’s current COO – will take over as CEO and director, also effective at the end of December. Shaner has served as the COO of Aveanna since its formation […]
Following the Centers for Medicare & Medicaid Services’ (CMS) release of the final payment rule, it is critical for each home health agency to figure out its own financial standing and strategic plan for 2023. In addition, agencies should be finding key areas for improvement and educating clinicians on the recalibrated case-mix weights and Low-Utilization […]
This article is sponsored by Homecare Homebase. This article is based on a Home Health Care News discussion with Scott Decker, CEO of Homecare Homebase. The discussion took place on September 15, 2022 during the Home Health Care News FUTURE Conference in New York City. The article below has been edited for length and clarity. […]
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