Hospices are beginning to leverage technologies used to identify eligible patients in need to recruit and retain staff amid ongoing workforce shortages. Systems like artificial intelligence (AI), predictive analytics, and machine learning have helped providers identify eligible patients sooner in their disease process. Hospices are now applying those tools to help relieve industry-wide labor pressures. […]
With hospice providers reporting fewer staff in quarantine, many hope to reduce their utilization of temp nursing services — as well as the higher labor costs that come with them. But the reality won’t be that simple. Indicators suggest that demand for temp nurses is dipping slightly, and rates may be starting to fall. However, […]
The tech-enabled nurse staffing firm IntelyCare has secured $115 million in a Series C investment round, bringing the company’s total value to $1.1 billion. The dollar amount of these investments signals continued growth for the contract clinician space as health care providers contend with industry-wide labor shortages. The infusion of capital, led by Janus Henderson […]
Hospice providers now compete for new hires as fiercely as they do for market share. And with that competition heating up this year, the largest home health and hospice companies are streamlining their recruitment and onboarding processes to enable more clinicians to hit the ground running. In tandem with those initiatives, hospice employers are enhancing […]
“Workforce optimization” is the watchword at Baton Rouge, La.-based Amedisys Inc. (NASDAQ: AMED). The company seeks to build clinical capacity to support its long-term expansion, expecting to achieve growth at a higher rate than a projected 7% to 8% for the overall hospice market, according to President and COO Chris Gerard. With labor pressures the […]
Amedisys Inc. (Nasdaq: AMED) is focused on developing new partnerships and investments in home health- and hospice-adjacent businesses as COO Chris Gerard prepares to take the helm. Current CEO Paul Kusserow will retire from the role at the end of this quarter, continuing on as chairman. This investment strategy follows the company’s recent backing of […]
Last month, connectRN announced it had raised $76 million, with the Series F round, led by Suvretta Capital Management and Avidity Partners, with other investors including Amedisys Inc. (Nasdaq: AMED). Amedisys did not disclose the size of its investment in connectRN, which has now raised more than $95 million since its 2014 founding. Along with […]
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