Our weekly list of news, reports, and information about home health and hospice care. Learn about new studies, trends, CMS regulations and more.
As Nurses’ Week wraps up, HomeCare asked Jennifer Sheets, president and CEO of Caring Brands International and Interim HealthCare Inc., to share the top five attributes nurses like her bring to homecare leadership roles. Sheets, who served as an intensive care nurse, has 20 years of health care management experience in both home health and hospital settings; she was most recently chief clinical officer and senior executive of clinical operations, innovation, education and quality at BAYADA Home Health and chief clinical officer for Highland Capital/Cornerstone Healthcare Group.
Amedisys, Inc. (NASDAQ: AMED), America’s leading independent home health, hospice and personal care company, commends bipartisan legislation to preserve and expand home health to those who need it the most. “On behalf of our team at Amedisys and the Medicare beneficiaries we serve, we applaud Representative Terri Sewell (D-AL) and the bipartisan members of the U.S. House of Representatives for today’s introduction of the Home Health Payment Innovation Act of 2019 (H.R. 2573),” stated Amedisys President and CEO Paul Kusserow. “This legislation and the companion bill introduced in February by Senator Collins (R-ME) serve a dual purpose – expanding patient access to home health care and ensuring suitable reimbursement for providers – which ultimately allows patients to stay where they most want to be, in the home.” The bipartisan bill, introduced in Congress on Wednesday, would not only preserve but also expand access for millions of Medicare beneficiaries to vitally needed health care services that are delivered to the home. This legislation, when enacted, would ensure that home health providers and our patients are not adversely impacted under the Patient Driven Groupings Model (PDGM) in 2020, as this bill would prohibit CMS from making behavioral assumptions regarding home health responses to the new payment model.
In the midst of its ongoing turnaround strategy, Brookdale Senior Living Inc.’s (NYSE: BKD) home health and hospice segment appears to be on an upswing. If the trend continues, analysts say, the large senior living provider may look to spin off its health care services line down the road — or sell it. In many ways, a potential spinoff would be similar to the one that The Ensign Group Inc. (Nasdaq: ENSG) announced on Monday. Ensign’s plans call for the company to jettison its home health and hospice businesses into a completely separate publicly traded company to give investors more industry-specific investment options. Brookdale can theoretically replicate the move.
Home Health Care Market 2019: Is Expanding Worldwide | Almost Family Inc., B. Braun Melsungen AG, Abbott Laboratories; Sunrise Medical Inc., 3M Health Care; Baxter, Medtronic
Home health care is clinical medical care provided by an registered nurse, occupational therapist, physical therapist or other skilled medical professionals, and is often prescribed as part of a care plan following a hospitalization. The global market for Home Health Care is increasing significantly due to the continued development of medical and healthcare industries. Growing infrastructures in the healthcare and healthcare industries around the globe are clearly supporting the growth of this market. The growing geriatric population base, which is highly susceptible to chronic conditions, such as diabetes and CVDs, and prefers in-home care, is anticipated to fuel the market growth.