ELYRIA, Ohio—Invacare Holdings Corporation, announced it has appointed Kai Zhu as senior vice president and chief financial officer, effective July 1, 2023. Zhu, 46, has served as Invacare’s vice president of finance EMEA since April 2022 and has more than two decades of financial leadership experience. Kathleen P. Leneghan, Invacare’s previous senior vice president and chief financial officer, announced her retirement from the company. She will remain at the company until Oct.
HomeCare News
Broader Medicare coverage is now available for Biogen and Eisai’s Leqembi (the brand name for lecanemab) following the Food and Drug Administration’s (FDA) move to grant traditional approval to the drug that treats individuals with Alzheimer’s disease. The Centers for Medicare & Medicaid Services had previously announced this would be the case and released more details on coverage.
VERO BEACH, Florida—Watercrest Senior Living Group announced its six-time certification as a Great Place to Work awarded by the Great Place to Work Institute and its senior care partner
NEW YORK—HHAeXchange, a provider of homecare management solutions for providers, managed care organizations (MCOs), and state Medicaid agencies, announced the results of a new survey designed to determine the top challenges and business priorities facing homecare agencies, as well as the role technology is playing in supporting their goals.
SCOTTSDALE, Arizona—Executive Home Care, a provider of in-home health care, announced a new strategic partnership with Mirza, a technology company specializing in providing customized care stipends for working parents.
WASHINGTON—The Center for Medicare & Medicaid Services' proposed 2024 rule for the home health payment system includes a slew of hospice-specific provisions, many of them designed to reduce fraud and so-called "hospice flipping." Here's a look at what's included, according to the National Association for Homecare and Hospice.
SAN ANTONIO, Texas—Close the Gap in Senior Care, the non-profit arm of Caring Senior Service, announced it is partnering with TruBlue Home Service Ally, a handyman and home services franchise organization that provides affordable, worry-free living for busy adults and seniors, to distribute and install grab bars as part of its Grab the Bars initiative.
BOSTON—Myomo, Inc. (NYSE American: MYO), a wearable medical robotics company that offers increased functionality for those suffering from neurological disorders and upper-limb paralysis, announced that its request to the Centers for Medicare and Medicaid Services (CMS) to classify the company’s MyoPro as a brace has been published for public comment.
NEWARK, New Jersey—An Ocean County, New Jersey, man admitted his role in a durable medical equipment (DME) kickback scheme, U.S. Attorney Philip R. Sellinger announced.
Alexander Schleider, 57, of Lakewood, New Jersey, pleaded guilty before U.S. District Judge Michael A. Shipp in Trenton federal court to an information charging him with one count of conspiracy to commit health care fraud and one count of wire fraud.
Washington, D.C.—The National Association for Home Care and Hospice (NAHC) filed a lawsuit against the Centers for Medicare and Medicaid Services (CMS) and the United States Department of Health and Human Services (HHS) challenging the validity of a change in Medicare home health payment that reduced rates by 3.925% in 2023 with significant additio
ROSEVILLE, California—Always Best Care Senior Services, a senior care franchise system, announced franchisee Ken Thomas has expanded his business, acquiring the existing territory of Always Best Care of Austin, Texas.
NEW YORK—Fortis Home Health & Hospice (“Fortis” or the “company”), a leading home-based care company and portfolio company of lower middle market health care-focused private equity firm, Grant Avenue Capital, LLC (“Grant Avenue”), announced Rob Radics has joined the company as chief executive officer.
DALLAS—Axxess clients can strengthen their communication and understanding among staff, patients and families through a new integration with Naveon.
FRISCO, Texas—Addus HomeCare Corporation (Nasdaq: ADUS), a provider of homecare services, announced a definitive agreement to acquire the entities comprising Tennessee Quality Care, a provider of home health, hospice and private duty nursing services. Tennessee Quality Care serves an average daily census of approximately 1,800 patients through 17 locations covering a service area of more than 50 counties in Tennessee.
ROCHESTER, New York—The National Coalition for Assistive & Rehab Technology (NCART), the nonprofit national association advocating for individuals needing complex rehab equipment, has contacted state Medicaid agencies to request increases to reimbursement rates for complex rehab technology (CRT).
DENVER, Colorado—Care Synergy announced Dr. Robert Howe, D.O. has been selected as Chief Medical Officer (CMO) for all hospice, palliative care and home health affiliates across the Care Synergy network. Affiliates include The Denver Hospice (TDH), Peak Hospice in Colorado Springs, Pathways Hospice in Fort Collins and the Colorado Visiting Nurses Association which serves patients across the Front Range. Howe joined the organization last year as Chief Medical Officer for TDH.
DUNEDIN, Florida—One Health Direct (OHD) provides chronic patients of their partner durable medical equipment (DME) suppliers with a complete system to get qualified for and receive their desired treatment options and ongoing supplies, without the need to leave their homes. OHD said avoiding the exposure risks associated with going into clinics and facilities is a major benefit for patients suffering from illnesses that weaken the immune system, such as diabetes.
LOS ANGELES—A South Bay woman was found guilty on Tuesday, June 27 of nearly two dozen felonies for billing Medicare more than $24 million by submitting fraudulent claims for medically unnecessary durable medical equipment—mostly power wheelchairs (PWC)—and PWC repairs, many of which were never performed.
Optum, UnitedHealth Group's health care provider, beat Option to the punch in acquiring Amedisys, one of the largest home health companies, in an all-cash transaction valued around $3.3 billion.
ROCHESTER HILLS, Michigan—InfuSystem Holdings, Inc. (NYSE American: INFU), a national health care service provider, facilitating outpatient care for durable medical equipment (DME) manufacturers and health care providers, announced it is set to join the broad-market Russell 3000 Index at the conclusion of the 2023 Russell indexes annual reconstitution, effective after the U.S. market opens on June 26.