Our weekly list of news, reports, and information about home health and hospice care. Learn about new studies, trends, CMS regulations and more.
LHC Group (LHCG) stock managed performance 6.26% over the last week and switched with performance of -3.74% throughout past one month period. The stock price exposed a move of 3.97% so far this year and uncovered flow of 58.48% in recent year. The shares price displayed -0.44% return during the recent quarter while it has presented performance of 11.54% over the past six months. The stock exhibited 66.43% change to a low over the previous 12 months and manifested move of -9.21% to a high over the same period.
It’s been roughly four years since Amedisys Inc. named Paul Kusserow as its president and CEO, a move effectively marking the beginning of the home health giant’s turnaround effort. Since December 2014, Amedisys has added a personal care business line and expanded its hospice presence, while largely outperforming industry players and broader U.S. markets alike. A dedication to clinical excellence, a commitment to staffing and an investment in operational capabilities have been the main drivers of that success. The company is now well-positioned despite challenges on the horizon, including the forthcoming Patient Driven Groupings Model (PDGM) for Medicare payments. Other providers in the sector might face more dire outcomes than Amedisys, though, unless certain aspects of PDGM are altered, Kusserow warned during a Tuesday presentation at the 37th Annual J.P. Morgan Healthcare Conference in San Francisco.
By her own description, Dimpal Patel is “your typical 23-year-old.” She was recently graduated from UNC Charlotte with a bachelor’s degree in marketing. She loves to play games and watch movies. She is an avid reader whose favorite authors include Nicholas Sparks and J.K. Rowling. But, in many ways, Patel, who lives with her parents off South Point Road below Belmont, is not typical at all. She suffers from muscular dystrophy, a debilitating illness that has robbed her of much of her mobility, left her confined to a wheelchair and dependent upon a trach tube and a ventilator just to breathe. Patel recently contacted The Gazette about her fear that Medicaid funding might be cut by Congress this year as the government grapples with a soaring federal deficit. It is Medicaid which provides the funding for the home health nurses who allow her to live as independently as possible and it is Medicaid which helps provide the money for her life-sustaining medical equipment. Those home health nurses have been with Patel since 2009 when she had to have the trach tube installed, and went with her each day to her classes at South Point High School, from which she graduated in 2013. Those nurses were also with her each day at UNC Charlotte, allowing her to earn the bachelor’s degree of which she is so very proud.
In December, the University of Utah’s Huntsman Cancer Institute (HCI) launched a new program aimed at bringing hospital-level care into patients’ homes. The program allows patients to be discharged sooner and avoid costly emergency department visits. Dubbed “Huntsman at Home,” this initiative is the latest instance of health care’s shift to the home and the increasingly important role home-based care providers are now playing. Indeed, HCI’s new program reflects the trend of home-based care providers being part of care programs that target particular conditions, either by rolling them out internally or by partnering with a larger health system. As part of Huntsman at Home, HCI has teamed up with Community Nursing Service, which delivers home health, hospice, palliative care, and other services across the Beehive State.