News Coverage
Hospice News, July 12, 2022 More hospice and palliative care providers are pursuing joint ventures with hospitals and health systems. Joint ventures offer unique advantages compared to traditional referral streams, according to Aaron Stein, COO of Contessa Health, a subsidiary of Amedisys (NASDAQ: AMED). Joint ventures allow providers to develop integrated care models that build improved transitions of care, said Stein. Click here to read the full article.
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Becker’s Hospital Review, June 27, 2022 Houston-based Memorial Hermann Health System has teamed up with hospital-at-home company Contessa Health to provide home-based healthcare, according to a June 24 press release. The health system will offer acute hospital care, skilled nursing care and palliative care for patients from their homes. Depending on eligibility criteria, participating patients will be sent home from the emergency department with remote patient monitoring devices without being admitted as an inpatient. Click here to read the full article.
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Home Care Health News, June 26, 2022 Contessa Health, an Amedisys Inc. (Nasdaq: AMED) company, has teamed up with Memorial Hermann Health System to provide home-based care services to its patients. Specifically, the partnership will allow Memorial Hermann to deliver acute hospital care, post-hospitalization skilled nursing care and palliative care services in the home setting. This new offering will increase accessibility for the organization’s patients, according to Dr. David Callender, president and CEO of Memorial Hermann. Click here to read the full article.
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Hospice News, June 16, 2022 Amedisys (NASDAQ: AMED) is fired up for more hospital joint ventures, a new area of focus for the Baton Rouge, La.-based home health and hospice provider. Driving this renewed interest is the company’s June 2021 purchase of Tennessee-based Contessa Health for $250 million. While Amedisys had a few JVs before that transaction, Contessa came with a fleshed-out model and an established pipeline for those arrangements. Click here to read the full article.
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Home Health Care News, June 7, 2022 The ability to deliver higher-acuity care in the home is now table stakes. That’s especially true for health plans and health systems following the introduction of the COVID-related Acute Hospital Care at Home Waiver by the U.S. Centers for Medicare & Medicaid Services (CMS) in November 2020. Eventually, though, the public health emergency is going to go away – with the waiver possibly ending not too long after. And for higher-acuity care in the home to truly catch on over the long run, stakeholders will need to beef up their managed care strategies,…
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McKnight’s Home Care, June 7, 2022 Amedisys President and CEO Chris Gerard told investors Monday the company’s acquisition last year of hospital-at-home firm Contessa could soon result in some surprising partnerships with large hospital systems. “We think we are going to be announcing some broader-based joint ventures in the future that I would say were not part of our roadmap prior to the acquisition of Contessa,” Gerard said during investment bank William Blair’s 42nd Annual Growth Stock Conference. Click here to read the full article.
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Home Health Care News, June 6, 2022 When Amedisys Inc. (Nasdaq: AMED) purchased Contessa Health, it touted the acquisition as a future-facing move that would allow the company to care for patients across the continuum. The company’s leaders knew it would be a near-term drag, and some analysts and home health insiders scratched their heads. Still, Amedisys reiterated the opportunity it saw in purchasing a provider of high-acuity care services in the home. But almost a year out from the official transaction date, the company’s tune has changed. Now, its leaders are moving forward considering Contessa Health – and high-acuity…
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Skilled Nursing News, May 23, 2022 Nursing home executives are increasingly exploring what it would take to start a SNF-at-home program, at a time when it has become apparent after the height of a global pandemic that patients would rather be cared for in the home when at all possible. For many skilled nursing providers it becomes part of a bigger strategy to get and stay ahead of the curve as the long-term care industry moves toward a value-based payment world. SNF-at-home can also have considerable benefits, including a better patient experience and lower costs. Click here to read the full article.
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Nashville Business Journal, May 16, 2022 Contessa Health for $250 million, the company said it planned to “invest meaningfully” in Contessa’s growth. Nearly one year later, Amedisys’ plan for Contessa remains aggressive. “We expect this to be the future,” Amedisys Chairman and former CEO Paul Kusserow said in an interview. “Contessa just put us in an entirely new league. Being able to take people that would normally have to be in a hospital, bring them home and take care of them at home at about half the cost, particularly after Covid, it’s amazing. That’s where we want to go. We can…
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Home Health Care News, April 18, 2022 As a company, Amedisys delivers a number of offerings, including home health, hospice, personal care and high-acuity care services. The company’s footprint includes 350 care centers in 34 states and the District of Columbia, with an average daily census of about 74,000 patients. Leaning into those opportunities also means zeroing in on the JV relationships that Contessa has built, according to Novak. Click here to read the full article.
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