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Home health CEO says mergers can cut costs

FierceHealthcare reports:

“Mergers within the healthcare industry have been scrutinized for limiting competition, but one home health CEO says consolidation can reduce costs, improve care and help grow popular services.

“Keith Myers, CEO of LHC Group, said his company’s recent merger with Almost Family, finalized on April 1, created the second largest in-home healthcare provider in the country, behind Kindred Healthcare. The deal expands LHC’s geographic presence to 36 states and 781 locations, including joint venture partnerships with 336 different hospitals.

“Hospitals are increasingly focused on tapping into home health services to reduce readmission rates and streamline post-acute care to avoid financial penalties under the federal government’s Readmissions Reduction Program, Myers said. A bigger footprint will help LHC advance those partnerships and lower costs.”

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