In a move that follows the consolidation trend in the post-acute care industry, Birmingham, Ala.-based HealthSouth Corp. Monday announced plans to acquire CareSouth Health System, a privately held home-healthcare company based in Augusta, Ga.
The CMS announced today that it is combating the skyrocketing cost of nursing home hospitalizations by injecting funds into the Initiative to Reduce Avoidable Hospitalizations among Nursing Facility Residents.
Companies in the post-acute care and senior housing sectors continue to be opportunistic when it comes to mergers and acquisitions, but the difficult task of combining organizations is forcing some to take a breather.
The largely consolidated dialysis sector has been quiet on the M&A front of late, but the transition to value-based payment models could be renewing the drive for scale.
There's general agreement that a CMS rule barring nursing facilities from requiring arbitration agreements is long overdue. But while industry representatives generally support the proposed rule, parts of it have left some trial lawyers and patient advocates fuming.
Healthcare staffing firm TeamHealth Holdings on Tuesday squashed rumors that it is buying IPC Healthcare to stave off its own acquisition. The company says it's purchasing the hospitalist services provider to broaden a footprint in both acute and post-acute physician services.
DaVita HealthCare Partners continued to see higher patient volume in its kidney care division, a unit that has bolstered the company's overall financial performance in recent quarters.
In final rules published late Friday, the CMS will cut its increase in Medicare pay for inpatient psychiatric facilities, while slightly increasing what it was planning to give inpatient rehabilitation facilities.
Patient advocates are praising a section of the CMS' proposed Medicaid managed-care rule related to long-term care. But health plans and states are sharply critical of provisions imposing new credentialing requirements on long-term care providers and allowing beneficiaries to opt out of managed...
Nursing home and patient advocates alike say a new proposed rule from the CMS forbidding such facilities from requiring residents to sign binding arbitration agreements is long overdue. But some say parts of the proposal might create legal gray areas for patients and facilities.
The CMS is proposing rules aimed at dramatically improving the quality of care Medicaid and Medicare patients receive in nursing homes. If finalized, the proposals outlined would cost the nursing home industry $729 million in the first year the rule is in effect and $638 million in year two.
New Medicare rules could decrease incentives for hospital overuse and curb visits to low-quality nursing homes. The same rules, however, could boost incentives for misuse of costly skilled-nursing care.