Our weekly list of news, reports, and information about home health and hospice care. Learn about new studies, trends, CMS regulations and more.
LHC Group, Inc. (NASDAQ:LHCG) saw a large decrease in short interest in April. As of April 13th, there was short interest totalling 1,100,173 shares, a decrease of 25.7% from the March 30th total of 1,481,286 shares. Currently, 6.9% of the shares of the company are short sold. Based on an average trading volume of 430,833 shares, the days-to-cover ratio is presently 2.6 days.
Seeing opportunities to improve quality of care and decrease costs, the home health industry continues to pump resources into specialized care programs for patients with heart failure and related conditions. Despite mandatory bundled payment programs for cardiac care being put on hold, home health providers of all shapes and sizes are doubling down on specialized, in-home heart care programs. The investment is worth it, they say, because the programs will drive down re-admissions and make providers more attractive referral partners in a value-based care landscape. That idea holds particularly true for Baton Rouge, Louisiana-based provider Amedisys (Nasdaq: AMED), which says its specialized heart failure program has become a standard of practice.
The Centers for Medicare & Medicaid Services (CMS) issued a proposed rule (CMS-1692-P) that would update the Medicare hospice wage index, payment rates, and cap amount for fiscal year (FY) 2019. As proposed, hospices would see an estimated 1.8 percent ($340 million) increase in Medicare payments for FY 2018.
Ten Brookdale Communities Recognized for Quality Achievement from the American Health Care Association
Ten Brookdale communities have been recognized by the American Healthcare Association (AHCA) and the National Center for Assisted Living (NCAL) for providing quality care. The AHCA/NCAL Quality Initiative builds upon existing work by setting specific, measurable goals to further improve quality. The recognition program honors members for their achievements in reaching these goals.
Ohio-based nonprofit health system ProMedica and real estate investment firm Welltower are partnering on a joint venture to acquire HCR ManorCare, a large post-acute and long-term care service provider. The deal will create a roughly $7 billion health network with ProMedica building its ranks to 70,000 employees and expanding its footprint into a total of 30 states. The new network will now include wellness, skilled nursing, memory care, assisted living, hospice and home care.