News and Market Developments
Home Health Care News: Compassus Names New CEO, Doubles Down on Building a ‘Full Continuum of Home-Based Care’ (1/5) - David Grams will be taking the helm as Compassus’ next CEO. Compassus offers home health care services, plus infusion therapy, palliative care and hospice care. The company operates in 200 locations across 30 states. Grams stated: "As value-based care changes the landscape of health care, we look forward to further leveraging our expertise in delivering a full continuum of standard to complex and advanced illness care in the home".
BusinessWire: United States At-Home Care Market Report 2021: Size, Trends & Forecast with Impact of COVID-19 to 2025 (1/5) - The US at-home care market has increased during the years 2017-2020 and projections are made that the market would rise in the next four years i.e. 2021-2025 tremendously. The US at-home care market is expected to increase due to the aging population, increasing prevalence of chronic diseases, increasing per capita personal income, low-cost setting, etc. Yet the market faces some challenges such as lack of supporting infrastructure, the risk to patient safety, etc. Moreover, the market growth would succeed by various market trends like increasing use of telemedicine, increasing acute care utilization, etc.
Forbes: Even After Covid, Could Congress Ignore The Long-Term Care Needs Of Older Adults? (1/3) - Instead of providing temporary increases in federal funding for dozens of programs, lawmakers appear to be focused on permanently expanding just a handful. However, focusing on these few will result in Congress dropping many other proposals, possibly including some that benefits older adults, other people with disabilities, and their families such as Medicaid home and community-based services (HCBS). If Congress fails to increase federal funding for Medicaid HCBS, Medicaid benefiaries who could otherwise avoid nursing homes will be forced into these facilities by an outdated payment and delivery model.
ProPublica: They Were the Pandemic’s Perfect Victims (12/28) - Nearly 18,000 more dialysis patients died in 2020 than would have been expected based on previous years. That staggering toll represents an increase of nearly 20% from 2019, and resulted in the nation's dialysis population shrinking for the first time in decades. The rate of COVID-19 hospitalizations of dialysis patients from March to April 2020 was 40 times higher than the general population. Home dialysis, which has been shown to be safer for patients during the pandemic, is out of reach for many, especially Black and Latino patients. Advocates had pushed for greater access to home dialysis before the pandemic, and the need for home infusions is more apparent now than ever.
Fierce Healthcare: Looking ahead to 2022: 12 healthcare execs offer their predictions (12/28) - One of the predictions is regarding virtual care in the home. As stated by Milan Shah, CEO at Biofourmis: "Beyond telehealth visits, 2022 will see increased adoption of hospital-at-home and remote patient management because healthcare providers have seen how feasible it is, and payers are recognizing the inherent cost savings. Most importantly, patients much prefer to be at home instead of a hospital and all stakeholders are realizing that optimal outcomes can be achieved outside of a medical facility. That shift means healthcare organizations will need to work closely with virtual care providers to ensure their networks—and patients’ personal health information (PHI)—is protected from any vulnerabilities."
Boston Globe Amid Surge in Patients, Hospitals Treat More People at Home (12/22) - With COVID cases rising again and the health care system stressed, hospitals are under greater pressure to find new ways to take care of patients. UMass Memorial Hospital has developed a new home hospital program to treat patients, which patients, providers, and industry representatives express their support for in this article.
McKnights Home Care: Peer-to-Peer: Landmark Health CEO Chris Johnson on a new ‘expectation’ of in-home care (12/21) - Landmark plans on expanding their footprint to at least four more states and to continue to provide for their current communities. Johnson states that capitation-style arrangements with providers and other value-based care models are crucial for the transition to home-based care. Landmark's goal is that eventually, in-home medical care will become the expectation for communities and patients.
Home Health Care News: ‘Delivering Value Requires Transformation’: How Humana Is Tearing Down Silos, Accelerating Home-Based Care Innovation (12/19) - Humana executive Greg Sheff discussed the ways in which Humana is involved and interested in growing into within home-based care. As an insurance provider, Humana has seen an increased interest in at-home care in the increased number of claims and in how their members are seeking care. As a care provider, the company has also seen an increased demand for services in home health and home-based primary care. In 2021, Humana acquired Kindred at Home, which is being rebranded as CenterWell Home Health. The company also leveraged a number of strategic partnerships that placed it further into the home.
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