Our weekly list of news, reports, and information about home health and hospice care. Learn about new studies, trends, CMS regulations and more.
Amedisys Inc. (Nasdaq: AMED) — the second-largest home health provider in the country, according to LexisNexis — is aiming to become the industry’s leader in employee turnover rates. Just five years ago, the Baton Rouge, Louisiana-based home health giant sported over a 40% turnover rate. That number was lowered to under 16% by the end of 2019, a 12% improvement compared to the previous year. The company has many goals in the coming year, but improving even further when it comes to turnover is one of its biggest, Amedisys CEO and President Paul Kusserow said Tuesday at J.P. Morgan’s annual health care conference in San Francisco.
A joint survey from Dallas-based Axxess — a home health technology company — and advisory firm BKD reiterated that the Patient-Driven Groupings Model (PDGM) and staffing are the dominant contemporary concerns among home health agencies. Released earlier this week, the 2020 Industry Trends Report collected responses from employees in many positions at both large and small home health players in late 2019. Unsurprisingly, the respondents largely agreed that PDGM would affect their organizations in the coming years. At least 55% of the survey participants felt “somewhat concerned” about their organization’s viability in 2020, while 15% felt “very concerned” and 6% felt “extremely concerned.” The data reflects the anxiety among industry members about PDGM and other regulatory changes.
Global Hospice and Palliative Care Centers Market Report covers exclusive and analytical data through the span of seven years between 2019-2026. This report is exclusive and encompasses in-depth analysis and industry insights on Global Hospice and Palliative Care Centers Market. What you will get by reading the report is not just charts, bars, and analytical data but also a better understanding of the market that will, in turn, help you make decisions in the better interest of your organization. Hospice and Palliative Care Centers Market report provides key statistics on the market status of the Hospice and Palliative Care Centers manufacturers and is a valuable source of guidance and direction for companies and individuals interested in the industry. The report also presents the vendor landscape and a corresponding detailed analysis of the major vendors operating in the market.
Forcura, a healthcare technology company that enables safer patient care transitions along the care continuum, announces that it achieved 70% growth over 2018 and signed 127 new clients nationally in 2019. Further, Forcura has successfully integrated its cloud-based platform with the top six electronic health record (EHR) systems in the post-acute industry, many via its proprietary API, Forcura Connect. As a result, unformatted health data that accompanies a patient as they move into a new care setting is now structured, can be accessed digitally and will populate our clients' EHR of record with a click. This efficient process enables better and safer patient care since clinicians will now have the information necessary to begin and maintain treatment plans. The integration also optimizes our clients' revenue cycle management with a fully digital orders management process that reconciles outstanding orders and initiates billing within the EHR. Driving interoperability for the post-acute industry remains a significant goal for Forcura, now entering its eighth year in business. Through its ecosystem of EHR partners, including Homecare Homebase, MatrixCare/Brightree, PointClickCare, and WellSky, Forcura's Workflow platform manages the information for approximately 20% of all post-acute patients nationally (based on Medicare revenues). It completed 20.8 million transmissions in 2019, each of which represents a digital execution of what had been laborious and costly paper-based transactions. Forcura averages a 97% client retention rate.