Home Health & Hospice Weekly News Roundup

Our weekly list of news, reports, and information about home health and hospice care. Learn about new studies, trends, CMS regulations and more.

Millennium Management LLC Takes Position in Kindred Healthcare, Inc. (NYSE:KND)

Millennium Management LLC bought a new position in Kindred Healthcare, Inc. (NYSE:KND) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 630,515 shares of the health services provider’s stock, valued at approximately $5,675,000. Millennium Management LLC owned about 0.69% of Kindred Healthcare as of its most recent filing with the Securities and Exchange Commission.

Has Amedisys (AMED) Outpaced Other Medical Stocks This Year?

Investors focused on the Medical space have likely heard of Amedisys, but is the stock performing well in comparison to the rest of its sector peers? A quick glance at the company's year-to-date performance in comparison to the rest of the Medical sector should help us answer this question. Amedisys is one of 817 individual stocks in the Medical sector. Collectively, these companies sit at #6 in the Zacks Sector Rank. The Zacks Sector Rank gauges the strength of our 16 individual sector groups by measuring the average Zacks Rank of the individual stocks within the groups.

Local BAYADA Office Wins Award

Strategic Healthcare Programs named the Davidson County BAYADA Home Health Care office as a “Best-of-the-Best” winner. The data analytics organization bestowed the honor on providers that achieve the highest overall Home Health Care Consumer Assessment of Healthcare Providers patient satisfaction scores of all eligible clients during the 2017 calendar year. In the second year of its Strategic Healthcare Programs best recognition program, the company selected winning home care agencies, including three BAYADA offices, from more than 2,400 providers across the country. The Davidson County office provides short-term nursing and therapy services throughout Davidson and Randolph counties.

Homecare Homebase, Excel Health to Help Providers Forge Referral Partner Ties

Two popular resources for some of the biggest home health and hospice providers in the industry are joining forces to share their respective strengths. Dallas-based Homecare Homebase (HCHB) and Atlanta-based Excel Health announced Tuesday that they’re teaming up through a new strategic alliance meant to “revolutionize” business development for HCHB’s customers. By working together, the companies hope to combine real-time referral data for HCHB’s system with market data and analytics from Excel Health.

CMS Makes Latest Update to Home Health Compare

The latest update to Home Health Compare is in — with nearly all measures seeing improvement. The Centers for Medicare & Medicaid Services (CMS) officially updated its Home Health Compare results Wednesday. Home Health Compare is an online tool where consumers can look up quality of care and other information about home health providers. CMS typically updates Home Health Compare data on a quarterly basis.