Wheels of change are in motion at Amedisys (NASDAQ: AMED) as CEO Paul Kusserow begins his second term at the helm. For starters, the company is going full-speed ahead on palliative care, delivered through its subsidiary Contessa Health. Amedisys yesterday announced a partnership with BlueCross BlueShield of Tennessee to cover those services, as well as […]
Enhabit Inc., (NYSE: EHAB) is seeing forward momentum on the workforce front as health care labor shortages persist nationwide. The Dallas-based home health and hospice provider is starting to see some payoff from the groundwork the company began laying last year following its spinoff from Encompass Health (NYSE: EHC). This includes the addition of Chief […]
Though investors and strategic buyers didn’t wade quite as deep into the hospice market in 2022 compared to years prior, the tide may be rising for M&A during 2023. Though hospice M&A activity fluctuated last year, volume is expected to rebound, but probably with larger numbers of smaller deals. Swelling demand for hospice and home […]
Avanlee Care has teamed up with a national retail company to allow families in certain markets to order groceries, health or pharmacy products through its caregiver support mobile app. Beginning in February, the app also will include curated shopping lists specific to seniors’ health needs, such as gluten-free, dairy-free, low-sodium or diabetic-friendly groceries, or post-surgery […]
Humana, Inc., (NYSE: HUM) has tapped Dr. Sanjay Shetty to become president of its health care services business, CenterWell. Shetty’s appointment continues a reorganization that the insurance giant undertook last year that arranged its business into two segments, insurance and CenterWell. The latter contains the former home health assets of Kindred at Home, of which […]
Many hospice providers rely on Medicare Advantage (MA) reimbursement to support palliative care, PACE and social determinants programs, among others. In a final rule issued today, the U.S. Centers for Medicare & Medicaid Services (CMS) laid out its policy for validating MA plans’ risk adjustment data, which the agency uses to calculate capitation rates. Through […]
As the Center for Medicare & Medicaid Innovation (CMMI) advances new payment models and care delivery systems, it should place more emphasis on Medicare Advantage, according to SCAN Group CEO Dr. Sachin Jain. The sheer number of beneficiaries enrolled in MA warrants a ramped-up approach to innovation within the program, Jain said. More than 28 […]
Eden Health recently announced plans to acquire Washington state-based Community Home Health & Hospice’s (CHHH) outpatient programs. Financial terms of the transaction were undisclosed. Eden Health will take over Community’s outpatient in-home health and hospice services effective May 1, 2023. The deal expands Eden Health’s home health and hospice footprint in Washington, one of eight […]
Amedisys, Inc. (NASDAQ: AMED) is seeing glimmers of improvement on the labor pressures that contributed to uneven earnings performance during 2022. The company has reduced its nurse turnover rate to the vicinity of 20%, surpassing the industry average, Brian Tanquilut, equity analyst for the investment banking firm Jefferies Financial Group, indicated in a note. Jeffries […]
Through acquisitions and contracts with providers, more payers are going all-in on home-based care. The quest for cost reductions, often through risk-based models, is leading a rising number of insurance companies and other payers to make (sometimes) huge investments in the space. Among them is UnitedHealth Care (NYSE: UNH). These investments underscore the rising profile […]
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