Mortality predictions and behavioral nudges by machine learning systems are associated with increased advance care planning utilization and reductions in high-acuity care. Researchers at the University of Pennsylvania recently studied the effectiveness of machine learning algorithms in identifying high-risk cancer patients nearing the last six months of life between June 17, 2019 and April 20, […]
For the exhausted health care labor force — many of whom have left the industry — money talks. Aveanna Healthcare Holdings (NASDAQ: AVAH) recently conducted an analysis of workforce trends that suggested that higher compensation may be the most important consideration for prospective employees, particularly in light of rising inflation. “We’ve just finished a pretty […]
“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 […]
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 […]
Chicago-based private equity firm The Vistria Group has agreed to recapitalize and invest in the growth of the post-acute data analytics and machine learning companies Muse Healthcare and Medalogix. Joining Vistria as minority investors are the home health and hospice providers LHC Group (NASDAQ: LHCG), Amedisys (NASDAQ: AMED), and Encompass Health (NYSE: EHC). The dollar amount […]
Hospice providers have increasingly adopted predictive analytic systems to identify patients in need of their services further upstream in their disease trajectory, as well as to demonstrate their value to payers and referral partners, including Medicare Advantage plans. The U.S. Centers for Medicare & Medicaid Services (CMS) will begin allowing hospices to participate in Medicare […]
Hospice providers are using new machine learning tools to identify patients in need of their services earlier in the course of their illnesses and to ensure that patients receive appropriate levels of home visits in their final days. While hospice utilization is rising, lengths of stay for many patients remains too short for them to […]
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