Radiant Health’s new partnership with CareSource reflects three key trends impacting the health system — growth in Medicare Advantage, the rising prominence of home-based care and consolidation among payers and providers. Radiant Health is an organization recently established by Metta Healthcare and the senior living operator United Church Homes. Through its partnership with CareSource, Radiant […]
New legislation is leading some hospices to consider what a potential community-based palliative care payment demo would mean for them — as well as what it would look like. Four U.S. senators recently introduced a bipartisan bill that, if enacted, would steer the Center for Medicare & Medicaid Innovation (CMMI) to develop a palliative care-specific […]
Addus HomeCare Corp. (NASDAQ: ADUS) has reached an agreement to purchase the home health, hospice and private duty operator Tennessee Quality Care for $106 million. Tennessee Quality Care operates 17 locations serving an average of 1,800 patients daily throughout 50 of the 95 counties in its home state. About 70% of its business is home […]
As more hospices engage with Medicare Advantage (MA) plans, they may be able to learn from the experiences of some home health providers. Historically, MA has not covered hospice. Now, many operators are contracting with managed care plans for other service lines, such as palliative care, or they may be participating in the hospice component […]
The UnitedHealth Group (NYSE: UNH) subsidiary Optum has penned a deal to acquire Amedisys (NASDAQ: AMED) in an all-cash transaction of $101 per share, or about $3.3 billion. The pending transaction followings a previous offer to aquire Amedisys by the home infusion company Option Care Health (NASDAQ: OPCH) for $3.6 billion. “We are excited about […]
The nonprofit health plan CareSource has signed a definitive agreement to partner with Radiant Alliance, a new entity formed by Metta Healthcare and United Church Homes. The creation and subsequent partnership with Radiant Alliance will bring a hospice and palliative care company and senior living operator under the auspices of a payer. The transaction will […]
Amid persistent workforce shortages, sign-on and employee referral bonuses, as well as enhanced benefits, are bearing the most fruit for hospice providers. Though many providers are reporting upward trends when it comes to recruitment and retention, some clinical and administrative vacancies remain pain points. Filling gaps in the hospice workforce has come with hefty financial […]
The Pennant Group Inc. (NASDAQ: PNTG) has acquired Idaho-based Bluebird Home Health, Bluebird Hospice and Bluebird Home Care for an undisclosed sum. The transaction follows Pennant’s May acquisition of the assets of Benefit Home Healthcare and Benefit By Your Side, a Colorado-based company that offers home health care, private duty and community health services. Financial […]
The nation’s total health care spend is expected to swell by 5.4% annually between 2022 and 2031, reaching $7.1 trillion. Meanwhile, Medicare hospice spending is expected to more than double by 2032. These data from the U.S. Centers for Medicare & Medicaid Services (CMS) Office of the Actuary also project that health care expenditures will […]
A minority investor in Enhabit Inc. (NYSE: EHAB) is urging the hospice and home health provider to consider a “full and fair sale process.” The investor – New York-based hedge fund AREX Capital Management, which holds about 4.5% of the shares of Enhabit – brought up the sale idea in a letter sent to the […]
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