Grand opening, grand closing. Hospice providers began to work with Medicare Advantage (MA) via the Value-Based Insurance Design (VBID) demonstration in 2021. At the end of 2024, the “hospice carve-in” model will cease. This will have an impact on home health providers who offer hospice services, obviously. But the failure of hospice’s fit within VBID […]
At Addus HomeCare Corp. (Nasdaq: ADUS), Medicaid makes up almost all of the revenue in its personal care business. Instead of looking towards the private-pay market, Addus remains committed to its current business structure. “Today 2%, or so, of our business is what would be called private-pay,” Addus CEO Dirk Allison said during a discussion […]
CareScout is trying to make the process of finding quality long-term care – including home care – easier for U.S. seniors and their families. There’s undoubtedly a desperate need for that. But that’s partly because of how hard the problem is to solve. A part of Genworth Financial Inc. (NYSE: GNW), CareScout is currently building […]
Addus HomeCare Corp. (Nasdaq: ADUS) leaders expressed noteworthy optimism in two areas Tuesday: the pending “80-20” rule and their M&A forecast for the near-term future. Those two items may be related, and they may not be. But Addus CEO Dirk Allison and COO Brian Poff reiterated time and again that the company would be actively […]
Though Modivcare Inc. (Nasdaq: MODV) achieved some wins last year, the company is still trying to navigate headwinds stemming from contract losses. “The root causes of these contract losses include a few MCO clients not securing their state contracts, a state health department’s decision to transition to a full broker model – favoring an incumbent […]
Artificial intelligence is likely to be a society- and business-altering technological development. But, just like the advent of the internet before it, AI’s emergence will undoubtedly lead to as many empty promises from business leaders as it does actual use cases. That’ll particularly be the case in the early innings of AI, which I believe […]
In 2023, Right at Home’s caregiver count checked in at 45,453 across the company’s vast franchise network. The company is now hoping to add at least 26,000 caregivers to meet the current demand for care services by the end of 2024. The impetus behind Right at Home’s hiring initiative was the increased growth in client […]
More than a dozen home-based care companies have earned a spot on Entrepreneur’s 45th annual Franchise 500 rankings. Their inclusion on this list points to the fact that home-based care franchise networks are some of the fastest growing in the country. In order to be ranked on the list, a franchise company needs to be […]
Over the next 12-18 months, the mergers and acquisitions that do or do not take place in home-based care will tell a story worth listening to about the future of the space. The context has become monotonous to tell at this point: high interest rates are affecting dealmaking across the country; Medicare Advantage (MA) penetration […]
BrightStar Care is one of the largest home care franchises in the country, but there are also a few things about the company that make it unique. For one, it has a senior living portfolio – made up by BrightStar Senior Living and BrightStar Care Homes – that came out of the recognition that home […]
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