Our weekly list of news, reports, and information about home health and hospice care. Learn about new studies, trends, CMS regulations and more.
Despite having access to new, sophisticated technology, healthcare facilities are limited by red tape, preventing them from effectively streamlining their operations. But with increasing pressure to save costs and improve services, the industry is finally poised to jump on board and reap the benefits of AI technology.
Momentum investing revolves around the idea of following a stock's recent trend in either direction. In the 'long' context, investors will essentially be "buying high, but hoping to sell even higher." With this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving that way. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades. Even though momentum is a popular stock characteristic, it can be tough to define. Debate surrounding which is the best and worst metrics to focus on is lengthy, but the Zacks Momentum Style Score, part of the Zacks Style Scores, helps address this issue for us. Below, we take a look at LHC Group (LHCG - Free Report), a company that currently holds a Momentum Style Score of B. We also talk about price change and earnings estimate revisions, two of the main aspects of the Momentum Style Score.
Amedisys, Inc. (NASDAQ: AMED), America’s leading independent home health, hospice and personal care company, today announced that 166 of its home health care centers were named to the 2018 HomeCare EliteTM, a recognition of the top-performing home health agencies in the United States. The 2018 recognition honored 51 percent of Amedisys’ home health agencies, marking the Company’s best showing in its history for these awards. “This result affirms that our strategy of achieving true clinical distinction in the industry is working and advancing our vision of becoming the nation’s premiere solution for aging in place,” stated Teonie Aurelio, President of Amedisys’ Home Health Division. “I congratulate our exceptional clinicians and our regional leadership teams for their commitment to outstanding, clinically distinct care on every visit to every patient.” The percentage of Amedisys care centers recognized in HomeCare Elite’s top agencies has dramatically improved each year since the Company’s new leadership was installed, improving from 32 percent in 2015.
Amedisys Inc (AMED) had a good day on the market for Tuesday January 15 as shares jumped 6.3% to close at $125.01. About 277,811 shares traded hands on 4,742 trades for the day, compared with an average daily volume of n/a shares out of a total float of 31.89 million. After opening the trading day at $118.63, shares of Amedisys Inc stayed within a range of $126.71 to $118.63. With today's gains, Amedisys Inc now has a market cap of $3.99 billion.