Our weekly list of news, reports, and information about home health and hospice care. Learn about new studies, trends, CMS regulations and more.
Just a few months after announcing his hire, LHC Group (Nasdaq: LHCG) has promoted Bruce Greenstein to executive vice president and chief strategy and innovation officer. Greenstein — who previously served as chief technology officer for the U.S. Department of Health and Human Services — first joined LHC Group in June to fill the then newly created position of chief innovation and technology officer.
Dimensional Fund Advisors LP increased its stake in LHC Group, Inc. (NASDAQ:LHCG) by 74.6% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 2,133,200 shares of the health services provider’s stock after purchasing an additional 911,625 shares during the quarter. Dimensional Fund Advisors LP owned about 6.81% of LHC Group worth $182,581,000 at the end of the most recent quarter.
Federal policymakers are again taking aim at costly administrative and paperwork burdens for the home health and hospice industries in order to help providers save tens of millions of dollars annually. The Centers for Medicare & Medicaid Services (CMS) on Monday announced its latest proposed rule focused on minimizing burdens on home health agencies, hospice providers, hospitals, skilled nursing facilities and other health care entities. The proposed rule, a response to the Trump administration’s “cut the red tape” initiative, would save all health care providers an estimated $1.12 billion a year, according to CMS.
Hospice and home care provider Compassus has recruited a veteran Kindred sales executive to be its chief growth officer. Damien Weston comes to Brentwood-based Compassus as senior vice president after more than 17 years at Kindred, a $6 billion hospice and home health headquartered in Louisville that was acquired this summer by Humana and a group of private equity firms. Most recently, Weston led the 300-person sales organization for Kindred’s western division, which had a budget of more than $600 million. Before that, he held several regional VP positions and was Northwest region VP of operations, among other things.
Homecare Homebase, the leader in home health and hospice electronic health record (EHR) solutions today announced changes to its long-time partnership with McKesson Medical-Surgical Inc., a leader in home health supply chain management and delivery optimization. This agreement solidifies plans to further the integration between McKesson as the preferred supply management solution for Homecare Homebase customers and introduces plans for an improved workflow that better controls supply utilization and provides enhanced oversight and cost controls.