Simione Healthcare Consultants

3 Tips and Tricks For Improving Cash Flow

Last year hit home health agencies with a cash flow triple whammy. First, the Patient-Driven Groupings Model (PDGM) took effect January 1, and cut billing periods in half, from 60 days to 30, leaving agencies tight on cash flow for the first few months under the new payment model. Next, Centers for Medicare & Medicaid …

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BlackTree, Simione Unveil ‘SimiTree’ Following Private Equity-Backed Merger

The post-acute care space has been undergoing a wave of consolidation for the past few years. And as more providers come together, the businesses that serve them are beginning to do the same. The newest example of that trend came Tuesday, when the Connecticut-based Simione Healthcare Consultants and Pennsylvania-based BlackTree Healthcare Consulting revealed plans to …

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‘A Unique Opportunity for Home Health Providers’: CMS Extends CJR Model

The U.S. Centers for Medicare & Medicaid Services (CMS) has extended the Comprehensive Care for Joint Replacement (CJR) payment model. That’s welcome news for home health operators, as CJR has been a key program for participating agencies since its implementation. Introduced in 2016, CJR essentially allows CMS to hand out bonuses or inflict payment penalties …

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How Home Health Agencies Can Demand Higher Valuations in M&A Deals

When it comes to acquiring home health care agencies, buyers can afford to be picky. There are more than 10,000 home health providers nationwide, but typically, only a few dozen deals close per year. Between 2011 and 2014, the market saw an annual average of 80 transactions, according to data from the investment banking company …

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COVID-19, PDGM to Drive Home Health Deal Activity Up While Pushing Valuations Down

The COVID-19 emergency has slowed mergers-and-acquisitions activity in the home-based care space, largely due to travel restrictions, general sector uncertainty and the shifting priorities of top leadership. However, interest in home-based care deals remains robust and valuations remain high. In fact, M&A experts expect deal activity to pick up dramatically come fall 2020 and beyond. …

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