In May, Homecare Homebase customers tackled industry challenges like the staffing shortage, sealed deals and shared thought leadership with their peers. Take a look at May’s highlights.
Amedisys Tests a New MA Payment Model
Finding the right balance between MA plans and providers has proven to be tricky. Amedisys is stepping up to the plate and testing a new admission-based payment model. The goal of the new model is to create a sustainable payment arrangement that will allow the organization to increase the number of MA patients they serve. Read the full article here.
Enhabit Moving Forward with Split from Encompass
Enhabit Home Health is continuing to progress in its goal to spin off from its parent company, Encompass Health by July 1st. Enhabit has filed a form 10 registration with the U.S. Securities and Exchange Commission and has named nine people to its board. Five of the board members have previously served on Encompass Health’s board. Read the rest of the article here.
Bayada Addresses Recruitment and Retention
Educating incoming nurses about the career possibilities in home health and hospice is one of the key strategies that Bayada is employing to grow its workforce pool. The company also shared some of its retention efforts centered around communication and training for employees. Read the full article here.
Lifespark Addresses the Importance of Social Vital Signs
Lifespark Go! Is an expanded partnership between Lifespark and Envoy America. The program delivers transportation options to residents of the company’s senior living communities as well as those receiving home-based care. “Transportation is a social vital sign. The most prominent requests that we’ve received through some of our care management team [members] and partnerships we’ve had with payers and health systems was for transportation.” Read the rest of the article here.
VNHS Gains Ground in Staffing
A strong culture leading to valuable referrals, pay adjustments and inflation are factors that are helping Visiting Nurse Health System fill clinical job openings. The company’s recruitment and retention efforts have been paying off. VNHS is striving to be the company of choice for nurses who are looking for a place to belong. Read the rest of the article here.
VNSNY Rebrands to VNS Health
VNSNY is clarifying the company’s identity by re-branding the organization under the name VNS Health. The rebrand unites the full range of services the organization has developed over 129 years. With this move, VNS Health will also be positioned to bring on additional service lines and potentially expand out of New York. VNS Health is one of the largest nonprofit home and community-based health care organizations in the United States. Read the full article here.
Elevate Home Health Share Keys to Startup Growth
Elliot Kohn, CEO of Elevate Home Health Group, shared insights on creating a home-based care startup in an HHCN+ article. He touched on everything from measuring success, to staffing, technology and financial backing. Elevate serves patients across three states, New Jersey, Florida and Texas. Subscribers can read the rest of the article here.
Trinity Health at Home Acquires Above & Beyond
Trinity Health at Home acquired Above & Beyond Home Health Care and Hospice and will join forces starting July 1, 2022. Trinity Health at Home serves approximately 45,00 patients across 13 states. Above & Beyond is retaining their name and will work with Trinity Health at Home behind the scenes to provide quality care to patients in Iowa. Read the full article here.
Agape Care Expands into North Carolina
Agape Care Group announced the acquisition of Hospice of the Carolina Foothills. This purchase marks the group’s expansion into North Carolina. A deep connection to the community stood out as a shared value that brought the organizations together. The Agape Care Group is focused on caring for patients in the Southeast United States, operating in South Carolina, Georgia and North Carolina. The company also purchased Lanier Hospice in Georgia earlier this year. Read the rest of the article here.
Choice Health at Home and SilverStone Hospice Discuss Non-Clinical Staff Shortage
The nurse shortage has been a major focus of the discussion around staffing challenges, but organizations are also competing to hire non-clinical staff. David Jackson, CEO of Choice Health at Home weighed in on the shortage he has seen for IT, HR and finance personnel. SilverStone Hospice CEO Alfonso Montiel addressed the need to staff up for anticipated growth. Read the full article here.
Aveanna CEO Talks Pay Strategies, M&A Activity and Technology
Tony Strange, CEO of Aveanna Healthcare Holdings shared the company’s strategies for pay increases, M&A activity and technology implementation with Home Health Care News. The organization prioritizes passing on reimbursement increases to caregivers, carefully analyzes timing for acquisition opportunities and is excited about implementing HCHB and Medalogix in the Home Health and Hospice division. Read the rest of the article here.
Aveanna has been publicly traded for a full year as of the end of Q1. The company has seen a revenue and gross margin increase of 8% and 10% respectively. Some of this success has been attributed to Aveanna’s M&A activity including the acquisition of Alabama and Tennessee-based Comfort Care. Read the full article here.
Optimal Home Care
Optimal Home Care shed light on the most important aspects leading them to switch EMRs in an article with Home Health Care News. Optimal Home Care is a new customer for HCHB that is 100% nurse-owned and serves around 2,500 patients annually in the Detroit area. Read the full articles here and here.
Humana Opens Up About Motivation for Kindred Deal
During the Bank of America Securities Annual Healthcare Conference, CFO Susan Diamond opened up about the thought process the company had when brokering the deal to sell 60% of the interest in Kindred’s hospice segment to private equity firm Clayton, Dubilier & Rice (CDR). Read the rest of the article here.
Pennant Group Deals Spark Further Growth
The Pennant Group is seeing growth from several of its deals and is looking forward to additional M&A opportunities in the future. A joint venture with Scripps Health resulted in a 15% increase in ADC quarter one and First Call Hospice has nearly doubled its ADC. The company also announced two new deals, the acquisition of First Choice Home Health and Heritage Assisted Living of Twin Falls. Find out how these deals have affected the company in the full article here.
Addus HomeCare Benefits from Its Approach to Care
Addus HomeCare Corporation continues to focus on co-locating services so that home health, hospice and personal care services are all available in as many of the same geographical locations as possible. Co-locating services allows the provider to help manage care for individuals with complex needs and generate cost reductions. Read the rest of the article here.
LHC Group Partners with Archbold Medical Center
LHC Group has finalized a joint venture with Archbold Medical Center locations. Majority ownership for the partnership has been secured by LHC Group. The company will provide in-home care from two locations that will serve seven counties in Georgia. Read the full article here.
Transitions Care Lowers Hospitalization Rates
Transitions Care launched new programs and leverages RPM devices to help reduce hospitalization rates for patients. Chronic Care Management (CCM) and Transitions Care Management (TCM) are designed to ensure consistent, clear communication with patients at vital times and eliminate gaps in their care journey. Read the rest of the article here.