Home Health & Hospice Week
PE-Backed Rural Hospice Chain Expands In Missouri
Plus: North Carolina hospice provider sheds home health business. An Alabama-based hospice chain has enlarged its footprint in one of the seven states it serves. Legacy Hospice has acquired Safe Harbor Hospice in Fredericktown, Mo., it says in a release. Safe Harbor, founded in 2000, serves 13 counties and has an average daily census of 55. “Safe Harbor Hospice is a natural extension of the services we currently offer in southeastern Missouri,” Legacy CEO Clark Blair says in the release. Legacy is a “rural hospice provider” with 19 locations, the company says. Austin, Texas-based M&A advisory firm Agenda Health facilitated the transaction, Legacy adds. Chicago-based private equity firm Prairie Capital bought Daphne-based Legacy Hospice in January 2020, according to Mergr. Other recent deals and developments include: In North Carolina: Twenty-four-state chain BAYADA has agreed to purchase Healthkeeperz’ home health locations in Fayetteville and Laurinburg for undisclosed terms, they say in a release. The Moorestown, New Jersey-based nonprofit’s acquisition will boost its presence in the Tarheel state. Healthkeeperz will focus on its hospice services across the state, President Tim Brooks says in the release. In Louisiana: The Amedisys Inc. Board of Directors has named Richard Ashworth as President and Chief Executive Officer effective April 10, the Baton Rouge-based national chain says in a release. The pharmacist formerly headed Walgreen Co. and then Tivity Health, “a leading provider of healthy life-changing solutions for Medicare Advantage plans,” Amedisys says in the release. “Under his leadership, Ashworth … built strong relationships with Medicare Advantage payers,” the company highlights.
Home Health & Hospice Week
- Reimbursement:
MedPAC Throws Spotlight On ‘All-Time High’ Profit Margin To Justify 7% HH Rate Cut Rec
‘Medicare has always overpaid for home health services,’ advisory body insists in new report to [...] - Know Your Facts:
Home Health Stats Continued Their Slow Decline In 2021
Spending, number of HHAs, users, and periods of care all down in latest period. Policy- [...] - Hospice:
MedPAC Urges Congress To Cut Hospice Cap By 20%
Commission follows through on arbitrary slash to aggregate cap. Over industry protest, an influential advisory [...] - Budget:
$150 Billion Increase For HCBS Headlines Biden Budget Proposal For Home Care Providers
Watch out: Boosted survey funding would translate to more surveys. The Biden administration has blown [...] - Fraud & Abuse:
Biden Administration Wants To Rev Fraud-Fighting Engine Even Higher
More medical review, audits, and enforcement are in the 2024 budget proposal. If the current [...] - Mergers & Acquisitions:
PE-Backed Rural Hospice Chain Expands In Missouri
Plus: North Carolina hospice provider sheds home health business. An Alabama-based hospice chain has enlarged [...] - Industry Notes:
OIG Set To End Its COVID Flexibilities, Too
Check your own policies for compliance — before the OIG does. Don’t forget that the [...] - Industry Notes:
Wage Index System Needs An Overhaul, MedPAC Indicates
Provider payment cuts aren’t the only topics MedPAC is tackling. In its March meeting, MedPAC [...] - Industry Notes:
Oversight Agencies Examine MA Denials, Supplemental Benefits
The feds are looking at Medicare Advantage plans more and more closely. So indicate two [...] - Industry Notes:
Nonprofit And Accredited Agencies Score Higher, Studies Say
Potential patients, referral sources, and others could be swayed by two recent studies pointing to [...] - Industry Notes:
Kickbacks Feature In Texas Fraud Case
A Houston home health agency owner is facing fraud charges. Rose Davies, owner of Pri [...] - Industry Notes:
NY Agency Agrees To Data Breach Class Action Settlement
A New York home care agency has agreed to pay up for a HIPAA data [...] - Industry Notes:
DOL Warns Against Retaliation
A Department of Labor investigation does not appear to be going well for another New [...]
