Home Health & Hospice Week
Rough Reimbursement Seas For HHAs Could Encourage Increased M&A Activity
Major home care industry consolidation is ahead, CEO predicts.
Is it time for you to jump ship? That’s what one prominent home care executive expects to see in the near future.
"We expect the release of the final home health reimbursement rule and rebasing to provide greater clarity surrounding the long-term reimbursement environment," LHC Group Inc. says in its third quarter earnings release. "As a result, we believe a period of significant consolidation in the industry will occur over the next several years."
For example: Almost Family Inc. announced it will acquire Madison, Tenn.-based SunCrest HealthCare for an undisclosed amount. SunCrest operates more than 75 locations in nine states and generates $150 million in annual revenues, Almost Family says in a separate release. SunCrest has a large presence in Tennessee and Florida.
After the acquisition, Almost Family will operate 240 locations in 14 states and expects its revenues to approach the $500 million mark — likely passing longtime industry heavyweight Gentiva.
Home Health & Hospice Week
- Reimbursement:
Brace For 'Shocking' Level Of PECOS Denials In New Year
Get ready to appeal when you spell a physician’s name wrong on the claim. If [...] - Edits:
Use These 8 Tactics To Prevent PECOS Denials
Don’t reach for an ABN to solve your PECOS-related denials. Your PECOS edit coping strategies [...] - Policies & Procedures:
Add This Step To Intake Or Risk Entire Episode Reimbursement
Updates to the list increased to twice per week. Waiting to check PECOS when it’s [...] - Finance:
Home Care Chains' Profits Sag In Third Quarter
Amedisys settles fraud and self-referral charges for $150 million. Medicare rate reductions took their toll [...] - Mergers & Acquisitions:
Rough Reimbursement Seas For HHAs Could Encourage Increased M&A Activity
Major home care industry consolidation is ahead, CEO predicts. Is it time for you to [...] - Human Resources:
Become A Great Motivator And Lead Your Team To Success
Employee motivation techniques can be as different as the people who work for you. One [...] - Industry Note:
Medicare Cracks Down On Inpatient Hospital Billing For Hospice Patients
Your diagnosis coding will determine whether you pay for hospital care. CMS is taking the [...] - Industry Note:
Use This MAC Tool To Ease CCN Implementation Dec. 9
The deadline to use the new home health change of care notice (CCN) is right [...] - Industry Note:
Buckle Down On Rehospitalization Efforts
Reducing rehospitalization rates among your patients is good for them, good for your care quality [...] - Industry Note:
CERT Sets 60-Day Limit
Set your calendars for the new CERT timeline, or lose you reimbursement. "Effective for all [...] - Industry Note:
NPSGs Hold Steady
Home health agencies accredited by the Joint Commission will see the same National Patient Safety [...] - Industry Note:
Kindred Buy Creates Unit To Rival Gentiva's Size
Post acute care company Kindred Healthcare Inc. continues to increase its home care business line. [...] - Industry Note:
Agencies Expand In N.Y.
The troubling Medicare reimbursement rate outlook isn’t keeping home care providers from growing. In New [...] - Industry Note:
Louisiana HHA Faces Poor Wound Care Accusations
Are you doing all you can to minimize patient lawsuits? One home health agency in [...]
