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Addus HomeCare Corporation (Nasdaq: ADUS) is anticipating slow-churning growth across its trifecta of home-based services. Texas-headquartered Addus provides personal care, homehealth and hospice services in 23 states. The company projected evolving hospice industry dynamics over the next year.
Addus HomeCare Corporation (NASDAQ: ADUS) has acquired Chicago-based Apple Home Healthcare, Ltd., The state is one of three in which Addus offers its trifecta of business lines — personal care, homehealth and hospice. Since 2019, Addus has purchased seven personal care companies and four homehealth and hospice agencies.
Disruption in homehealth reimbursement has an influence on the hospice mergers and acquisitions market, particularly among the rising number of companies offering both services. This disruption contributed to soaring deal volume in the hospice space from 2019 through 2021, which reached record highs.
As of 2019, the U.S. Centers for Medicare & Medicaid Services (CMS) allowed Medicare Advantage (MA) plans to offer non-skilled home care services as a supplemental benefit. In 2022, close to 15% of all MA plans – about 1,000 in total – offer in-home support services, according to Washington, D.C.
“We are clearly looking to expand into [licensed clinical social workers and licensed clinical professional counselors] and other behavioral health services as a means of being a partner to our other referral sources for a full-range of home based services, including behavioral health.”. million for the prior year’s period.
The Future Leaders Awards program is brought to you in partnership with Homecare Homebase. The program is designed to recognize up-and-coming industry members who are shaping the next decade of homehealth, hospice care, senior housing, skilled nursing, and behavioral health. I knew of the benefit.
Workplace violence has long been a challenge in health care, with healthcare workers accounting for 73% of all nonfatal workplace injuries and illnesses due to violence in the U.S. prior to 2019. The study noted that confidence in addressing workplace aggression buffered homecare workers against negative work and health outcomes.
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