Like every other provider in the home-based care industry, Addus HomeCare Corporation (Nasdaq: ADUS) has spent the past three months grappling with the coronavirus.
In the short term, that has meant decreased visit volumes and reduced revenues. But in the long-term, Frisco, Texas-based Addus is optimistic the COVID-19 emergency will usher in a number of positives for the company — and the industry as a whole.
The Medicare Advantage boom for home care is almost here.
Ever since the Centers for Medicare & Medicaid Services (CMS) first expanded the scope of Medicare Advantage (MA) supplemental benefits in April 2018, at-home care providers have been trying to figure out they fit into a potentially new reimbursement puzzle.
At least initially, it appeared that fit was a relatively minor one, as only 3% of MA plans offered in-home support...
About a quarter of all U.S. health care spending — $760 billion to $935 billion per year — can be categorized as waste. But home-based care has already helped cut those costs in the past few years — and has even more potential to so in the future.
That’s according to new research from Humana Inc. (NYSE: HUM) and the University of Pittsburgh School of Medicine published Tuesday in the Journal of the American Medical Association...
With the rapidly aging population in the U.S., the need for dementia care isn’t going anywhere anytime soon. The specialty remains ripe with opportunity for in-home care providers, industry experts say.
In fact, the boom in specialized dementia care is a big reason why home care has taken over health care’s center stage of late.
“It’s more than just demand in terms of the size of your census,” Felton Magee, president and CEO of...