Our weekly list of news, reports, and information about home health and hospice care. Learn about new studies, trends, CMS regulations and more.
The Centers for Medicare & Medicaid Services (CMS) last month proposed an overhaul to the current prospective payment system for the home health industry with a sweeping new model that experts say would drastically increase billing efforts and force a move away from therapy services. So far, the potential negatives of the Patient-Driven Groupings Model (PDGM) have not hurt home health stocks, however. Even with industry concerns surrounding PDGM starting to pop up, home health stocks performed strongly in July, according to the latest Home Health Index (HHI) by Stoneridge Partners. Updated monthly, HHI tracks the market values of Amedisys (Nasdaq: AMED) and LHC Group (Nasdaq: LHC Group). Baton Rouge, Louisiana-based Amedisys and Lafayette, Louisiana-based LHC Group are two of the largest publicly traded home health companies in the United States.
BAYADA Home Health Care recognizes extraordinary local employees as BAYADA Heroes. BAYADA Home Health Care has a special purpose — to help people have a safe home life with comfort, independence and dignity. We constantly strive to honor our BAYADA health care professionals who provide the high-quality home health care our clients and their families deserve, and who embody our core values of compassion, excellence and reliability. It’s The BAYADA WAY. We are proud to recognize local BAYADA HHA Heroes Marie Macenet and Chrystala Johnson for providing extraordinary service in 2018.
Brookdale Senior Living Inc. (NYSE: BKD) has tapped Steven Swain to serve as executive vice president and chief financial officer. Brentwood, Tennessee-based Brookdale is the nation’s largest owner and operator of private-pay senior living communities, as well as a major provider of home health and hospice services. As a company, Brookdale operates a total of 988 independent living communities, assisted living communities, memory care communities and continuing care retirement communities in 46 states. That network serves about 95,000 residents combined, according to the company. Brookdale’s home health business serves about 15,000 patients daily across more than 40 locations in 27 states.
The healthcare industry in the United States continues to experience strong growth, and the home health care sector is also booming. According to some estimates, the home health care sector could reach $350 billion in revenue by 2020. This level of growth is due to numerous factors, not the least of which is a desire by more people to remain home as opposed to spending time in a nursing home or hospital environment.
Dupont Capital Management Corp acquired a new position in Kindred Healthcare, Inc. (NYSE:KND) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 107,783 shares of the health services provider’s stock, valued at approximately $970,000. Dupont Capital Management Corp owned about 0.12% of Kindred Healthcare as of its most recent SEC filing.