Our weekly list of news, reports, and information about home health and hospice care. Learn about new studies, trends, CMS regulations and more.
Blurring lines between payers, providers and other healthcare players and the move toward value-based care are among the factors driving a renewed interest in the end of the life as a business opportunity. CMS is expanding Medicare reimbursement for hospice and considering integrating managed care programs into the benefit. The move comes as a new crop of start-ups have emerged looking to fill gaps in healthcare for the growing cohort of retirees.
Northern Trust Corp boosted its holdings in LHC Group, Inc. (NASDAQ:LHCG) by 51.7% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 572,094 shares of the health services provider’s stock after purchasing an additional 194,902 shares during the period. Northern Trust Corp owned about 1.83% of LHC Group worth $48,966,000 as of its most recent filing with the Securities and Exchange Commission.
Amedisys, Inc. recently inked an agreement to buy national hospice care provider —Compassionate Care Hospice. Amedisys is slated to pay $340 million, which includes $50 million in payments related to a tax asset and working capital for acquiring 100% ownership interest in Compassionate Care Hospice. The transaction is expected to close by Feb 1, 2019.
Smart home devices have been nothing short of revolutionary for consumers, but now health software companies are adapting voice-powered assistants such as Amazon’s Alexa for something other than ordering pizza and playing music. They are designing and testing smart voice-powered devices for use in home health—particularly for diabetes management and the prevention of foot ulcers. These cutting-edge devices are now being tested in pilot projects, including projects at home health agencies.