Optum, the diversified care delivery arm of UnitedHealth Group (NYSE: UNH), has reached an agreement to acquire home health giant Amedisys (Nasdaq: AMED), which provides skilled nursing facility-at-home services via Contessa Health. Optum emerged as a suitor for Amedisys earlier this month, after the home health giant had previously announced a deal to combine with […]
Amedisys
Skilled nursing operators shouldn’t be scared of losing market share to the shift to home trend, including SNF-at-home – at least not in the near-term. Instead, operators need to look at shifts to home-based care as an opportunity to diversify business lines in the future, as patient preference, Medicare Advantage (MA) plans and technology advancements […]
Nursing home executives are increasingly exploring what it would take to start a SNF-at-home program, at a time when it has become apparent after the height of a global pandemic that patients would rather be cared for in the home when at all possible. For many skilled nursing providers it becomes part of a bigger […]
As more operators look for new ways to incorporate at-home services into their model of care, SNF-at-home, while growing, may still have a long way to go. Securing reimbursement continues to be the most difficult component for SNF-at-home in a managed care environment, according to Contessa Health CEO Travis Messina. “I do think the lack […]
Home health and hospice provider Amedisys Inc. (Nasdaq: AMED) late Wednesday announced plans to acquire SNF-at-home company Contessa Health for $250 million. The Baton Rouge, La. company said it intends to grow Contessa’s logistics platform CareConvergence, in addition to owning its hospital-at-home and home-based skilled nursing services. Amedisys’s total addressable market (TAM) for in-home care […]
Home health operators aren’t the only players in post-acute and long-term care looking to capitalize on a weakened skilled nursing sector: As health systems and managed care insurers look to adapt their offerings to the post-COVID tastes of their patients, home health providers may find themselves with significant regulatory and payment tailwinds as they work […]
Occupancy at the nation’s nursing homes cratered during the COVID-19 pandemic, as hospitals suspended non-emergency surgeries and families looked to avoid institutional care settings for their loved ones at all costs. During the initial coronavirus wave last spring, leaders in the sector hoped that the second half of 2020 would bring a return to normalcy […]
Home health and hospice heavyweight Amedisys Inc. (Nasdaq: AMED) sees opportunity in serving long-term care facilities during the COVID-19 crisis — and potentially well into a post-pandemic world. The Baton Rouge, La.-based home health, hospice, and personal care services provider this week announced a partnership with Option Care Health Inc. (Nasdaq: OPCH), the largest independent […]
Amedisys Inc. (Nasdaq: AMED) has already logged an uptick in diversions from skilled nursing facilities as the COVID-19 pandemic rages on, and leaders at the home health giant see even more opportunity ahead with a more expansive SNF-at-home model. “We have not seen a material recovery in elective procedures, yet we have seen a significant […]
Operators of post-acute care facilities have seen the steady diversion of patients to the home setting in recent years, and multiple home health heavyweights believe the COVID-19 pandemic will only accelerate that trend into the 2020s. The flow of hospital patients bypassing the institutional skilled nursing facility “is picking up more steam right now,” LHC […]
While the skilled nursing world has largely adapted to its new Medicare payment model, the home health industry is currently in the midst of its own seismic shift — a change that could potentially open the door for nursing homes to grow in the space as smaller agencies rush for the exits. The new Patient-Driven […]
While they don’t yet represent a direct threat to traditional skilled nursing providers, several marquee retail brands have made significant bets on the senior care space as the population ages — with a specific focus on keeping seniors healthy and out of institutional settings. Electronics retailer Best Buy’s (NYSE: BBY) recent moves into the senior […]
Despite multiple quarters of record earnings and a stock price that dwarfs that of other publicly traded skilled nursing companies, executives at The Ensign Group (Nasdaq: ENSG) said that investor skittishness over SNF assets played a major role in their decision to spin off its home health and senior housing business lines into a new […]
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