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Category: Addus HomeCare

  • Addus Hoping Improved Recruitment Numbers Will Translate to Organic Growth

    By leveraging improved recruitment numbers and the surplus of resources from state governments, leaders with Addus HomeCare Corporation (Nasdaq: ADUS) are hoping the tail end of 2022 could be a big one in terms of M&A and organic growth. Addus’ EVP and CFO Brian Poff sounded optimistic about the company’s growth plans – as well […]

  • Home Health Providers Buoyed by ‘Survivor Exhilaration’ as Staffing Battle Continues

    When the Germans bombed England during World War II, “remote misses” ended up giving Londoners “survivor exhilaration,” which resulted in boosted morale as opposed to the Germans’ expectation of diminishing it. Though far from an apples-to-apples comparison, home-based care operators that were pummeled by Omicron-related workforce shortages at the beginning of 2022 – that are […]

  • Judge Gives Home Health Care Providers Win Over “Unconstitutional” Bill

    A circuit court judge in Michigan has ordered State Farm Insurance Co. to continue paying the home health care bills for a paralyzed Ann Arbor man. And though it’s a single case, it could be influential on a wider scale. Judge Archie Brown ruled that a 2019 auto insurance reform law that slashed payments to […]

  • Addus Gears Itself for Major Growth As Former Encompass Health Executive Is Hired

    Addus HomeCare Corporation (Nasdaq: ADUS) announced Wednesday that it has named a new EVP and chief development officer in Cliff Blessing, who had previously served as the EVP of corporate development for Encompass Health’s (NYSE: EHC) home health and hospice business. The move appears to reflect an aggressive M&A strategy for Addus, which was highlighted […]

  • How Addus, Care Advantage Made Inroads Building Value-Based Care Relationships

    Many home-based care organizations want to rely less on fee-for-service payment models and step into the value-based care space. While this is easier said than done, a few providers have been able to make significant strides in regard to value-based care relationships. At Care Advantage, value-based care makes up roughly a third of the company’s […]

  • Aveanna Takes Stock of Medicaid ‘Rate Wins’

    For the first time in Tony Strange’s career, he has managed care plans, state Medicaid agencies and even the U.S. Centers for Medicare & Medicaid Services (CMS) reaching out and asking what can be done to increase access to home- and community-based services. Strange – the CEO of Aveanna Healthcare Holdings Inc. (Nasdaq: AVAH) and […]

  • Addus Lands JourneyCare for $85 Million

    Addus HomeCare Corporation (Nasdaq: ADUS) had intended to focus largely on home health and personal care acquisitions in 2022. But when a good hospice deal comes along, it’s difficult to pass up. The Frisco, Texas-based Addus announced Wednesday that it has reached an agreement to acquire “substantially all the assets of” Glenview, Illinois-based JourneyCare for […]

  • Addus Prioritizing Staff Vaccinations with CMS, OSHA Mandates Looming

    In terms of financial results, Addus HomeCare Corporation (Nasdaq: ADUS) is coming off a record third quarter. The Frisco, Texas-based home health, hospice and personal care services provider has plenty of challenges ahead, however, including the difficult labor landscape that’s about to become even more complex thanks to federal COVID-19 vaccination rules. Somewhat diminished M&A […]

  • ‘There’s a Lot of Unmet Need’: Addressing Long HCBS Waitlists

    Home- and community-based services (HCBS) are a way to fill gaps in care for seniors with complex medical conditions, with Medicaid being the main source of coverage for long-term services and supports (LTSS). As of 2020, over 2.5 million individuals received HCBS services, according to the Kaiser Family Foundation (KFF). Still, there are hundreds of […]

  • Higher-Acuity Care, Rate Stability and New M&A Priorities: Key Takeaways from the Q2 Earnings Season

    The home health industry is at a pivotal moment, with operators weighing exciting new opportunities while simultaneously working through emerging challenges related to the COVID-19 virus. Amedisys Inc. (Nasdaq: AMED), LHC Group Inc. (Nasdaq: LHCG), Aveanna Healthcare Holdings Inc. (Nasdaq: AVAH) and other publicly traded providers discussed many of the industry’s biggest developments during their […]

  • Addus Focused on Sourcing New Home Health Acquisitions, Improving Applicant-Conversion Rates

    The COVID-19 public health emergency has solidified the home as a viable and effective care setting. That, in turn, has led to meaningful opportunities for home-based care providers, especially those with diversified service lines. Addus HomeCare Corporation (Nasdaq: ADUS) is a prime example. The company’s leadership team discussed the pandemic and its lasting impacts during […]

  • Disrupt Podcast #45: Darby Anderson of Addus HomeCare Corporation

    The 45th episode of our podcast, Disrupt, is now available! Addus HomeCare Corporation (Nasdaq: ADUS) is one of the largest personal care services providers in the U.S., with growing footprints in both the hospice and home health spaces as well. Today, the home-based care provider delivers its services to about 44,000 consumers through 208 locations […]

  • Addus Encouraged by Vaccine Progress, New HCBS Policies

    Typically, when executives talk about their companies “having to weather the storm,” they’re speaking figuratively. That wasn’t the case for Addus HomeCare Corporation (Nasdaq: ADUS) on Tuesday. Addus CEO and Chairman Dirk Allison talked about the negative impact that the February winter storms had on the home-based care provider’s business during the company’s Q1 2021 […]

  • Addus, Homecare Homebase Co-Building New Tech Platform for a ‘Unified Patient Record’

    Two in-home care powerhouses — a provider and technology company — are teaming up to build a new kind of data platform. On Thursday, Addus HomeCare Corporation (Nasdaq: ADUS) announced that it has entered into a joint software-development agreement with Homecare Homebase (HCHB) to build “the industry’s first integrated, enterprise-level solution for all types of […]

  • Addus Promotes Bickham to President; WelbeHealth Names New CMO

    Addus COO lands promotion Addus HomeCare Corporation (Nasdaq: ADUS) has promoted Brad Bickham to the role of president and chief operating officer. Frisco, Texas-based Addus provides personal care, home health and hospice services to about 44,000 consumers, through 212 locations in 22 states. Bickham’s promotion was internal. He first joined Addus in 2017, previously serving […]

  • Addus Enters Value-Based Care Deal with Presbyterian Health Plan

    Addus HomeCare Corporation (Nasdaq: ADUS) — the personal care services powerhouse that has increasingly turned its attention to home health and hospice care over the past few years — has inked a new value-based care deal. The Frisco, Texas-based in-home care company announced Wednesday that it has entered into a “value-based post-acute care navigation agreement” […]

  • AccentCare Announces New COO; Humana Names First Chief Health Equity Officer

    AccentCare appoints Chris Dimos as COO AccentCare has named Chris Dimos its chief operating officer. Dallas-based AccentCare has over 200 locations across the U.S. As a company, it provides skilled home health and personal care services, along with hospice care, private-duty nursing and care management services. Prior to joining AccentCare, Dimos was the president of […]