Our weekly list of news, reports, and information about home health and hospice care. Learn about new studies, trends, CMS regulations and more.
Brigade Capital Management Lp Upped Its Kindred Healthcare Inc (NYSE:KND) Position by $57.52 Million as Price Declined
During 2017 Q4 the big money sentiment decreased to 0.97. That’s change of 0.35, from 2017Q3’s 1.32. 29 investors sold all, 50 reduced holdings as KND ratio dropped. 43 increased positions while 34 funds bought positions. Funds hold 78.27 million shares thus 1.37% more from 2017Q3’s 77.21 million shares. Moreover, Ahl Ptnrs Limited Liability Partnership has 0% invested in Kindred Healthcare, Inc. (NYSE:KND) for 14,278 shs. Vanguard Gp Incorporated reported 0% in Kindred Healthcare, Inc. (NYSE:KND). Stone Ridge Asset Management Lc holds 0.04% of its capital in Kindred Healthcare, Inc. (NYSE:KND) for 58,122 shs. Comerica Natl Bank accumulated 0.01% or 89,298 shs. The California-based Schwab Charles Invest Mngmt Incorporated has invested 0.01% in Kindred Healthcare, Inc. (NYSE:KND). Old Mutual Customised Solutions (Proprietary) Ltd invested 0.01% in Kindred Healthcare, Inc. (NYSE:KND). Jpmorgan Chase And owns 6.08 million shs. Assetmark owns 207 shs. Amalgamated Retail Bank has 0% invested in Kindred Healthcare, Inc. (NYSE:KND) for 12,212 shs. D E Shaw & stated it has 208,692 shs. Glenview Capital Ltd owns 1.99M shs. 324,581 were reported by Thrivent For Lutherans. Wolverine Asset Mgmt Ltd Llc has 65,096 shs for 0.01% of their capital. Moreover, Engineers Gate Manager Lp has 0.01% invested in Kindred Healthcare, Inc. (NYSE:KND) for 15,800 shs. Cubist Systematic Strategies Limited Company holds 0.01% or 14,500 shs.
The current chief technology officer for the U.S. Department of Health and Human Services (HHS) will soon leave his post in Washington D.C. to join Lafayette, Louisiana-based LHC Group (Nasdaq: LHCG) and fill a newly created position dedicated to innovation. HHS CTO Bruce Greenstein will become LHC Group’s first chief innovation and technology officer in June, the home health, hospice and personal care services provider announced Tuesday. In his future role, Greenstein will help lead LHC Group into new value-based arrangements and look for additional opportunities to leverage data, remote monitoring and tele-medicine in patients’ homes.
To be a breakout partner in the evolving health care landscape, clinical excellence is key, which is why home health care providers are continuing to spend time and resources bulking up their performance. For Baton Rouge, Louisiana-based Amedisys (Nasdaq: AMED), focusing on improving clinical care has boosted its star ratings on Home Health Compare over the last few years. As of March 2018, Amedisys had an average rating of 4.22 stars for quality of patient care across its home health care centers. Compared to a year ago, the company’s star ratings were up 8%.
The home health care industry rejoiced after the prior authorization demonstration from the Centers for Medicare & Medicaid Services (CMS) was put on hold indefinitely in 2017. However, the Government Accountability Office (GAO) is urging CMS to extend prior authorization across the general health care space, according to a recent report. The payment approach requires health care providers to submit claims and demonstrate compliance with coverage and payment rules before they can deliver services or items to beneficiaries. Since 2012, CMS has required prior authorization for different health care settings, including certain durable medical equipment (DME) and recently, home health care. The home health pilot, known as the pre-claim review demonstration (PCRD), was launched in August 2016 in Illinois, with the intent of spreading to Florida, Texas, Michigan and Massachusetts. After major outcry from the industry, the demonstration was paused in March 2017. As of 2018, the demonstration has not resumed.
Five of the ten toughest jobs to fill in 2018 come from the home-based care industry, according to CareerCast. Axxess, the fastest-growing home healthcare technology company, has examined the latest trends related to critical staffing shortages and spotlights innovative solutions in its new white paper, "Staffing Care in the Home: A Critical Need and Creative Solutions." "Agencies know firsthand that finding the staff members they need is a constant struggle," said John Olajide, founder and CEO of Axxess. "This white paper helps them understand the factors contributing to the challenge, and showcases solutions that are working in healthcare right now."