BRENTWOOD, Tenn., (November 12, 2021)—IMAC Holdings, Inc, a provider of innovative medical advancements and care specializing in regenerative rehabilitation orthopedic treatments without the use of surgery or opioids, recently announced financial results for the third quarter ended Sept. 30, 2021.
The company reported total revenue of $3.29 million for the quarter, with an increase of 10% in patient visits.
Other Highlights
WASHINGTON, D.C. (November 12, 2021)—The Centers for Medicare and Medicare Services (CMS) announced it is rescinding the Medicare Coverage of Innovative Technology and Definition of “Reasonable and Necessary” (MCIT/R&N) final rule because of concerns that the provisions in the final rule may not have been sufficient to protect Medicare patients. By rescinding this rule, CMS can take action that will better address those safety concerns in the future.
Switching seniors to Medicare Advantage plans has cost taxpayers tens of billions of dollars more than keeping them in original Medicare, a cost that has exploded since 2018 and is likely to rise even higher, new research has found.
CINCINNATI (November 10, 2021)—Quipt Home Medical Corp., a U.S.-based provider of durable medical equipment (DME) focused on end-to-end respiratory care, is pleased to announce that it has recently acquired a business with operations in Illinois, reporting unaudited trailing 12-month annual revenues of approximately $2.5 million. Post integration, Quipt expects an adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) for the acquisition target of $0.6 million.
SUNRISE, Fla. (November 10, 2021)—Interim HealthCare Inc., a franchise network of homecare, senior care, home health, hospice and health care staffing services, released a new national study examining the shifting perspectives around access to medical care and changing opinions on health care careers brought on by the COVID-19 pandemic.
CLEVELAND, Ohio (November 10, 202)—OnShift, a provider of human capital management software for post-acute care and senior living, announced the launch of a new initiative that will provide integrated access to third-party caregiver marketplaces from within OnShift’s workforce management suite.
WASHINGTON, D.C. (November 9, 2021)—The average hourly rate for registered nurses (RNs) in home health agencies increased 2.98% in 2021, according to the 2021-2022 Home Care Salary & Benefits Report, just released by Hospital & Healthcare Compensation Service (HCS). The report is published in cooperation with the National Association for Home Care & Hospice (NAHC).
BRENTWOOD, Tenn. (November 9, 2021)—IntellaTriage, a provider of after-hours nurse-based phone triage, has announced the addition of Ashley Calloway as director of clinical operations. In this role, Calloway will provide strategic leadership and direction for all clinical functions, ensuring nurses are sufficiently supported and patients receive the highest quality of care.
TORONTO (November 9, 2021)—Integracare Inc., a provider of private home health care in Toronto and Mississauga, Ontario, has acquired Eldercare Home Health Inc.
Eldercare Home Health has been providing registered nurse supervised and case managed home health care in Toronto since 1995. Eldercare Home Health has served thousands of clients and families throughout Toronto focusing exclusively on providing high quality personal support services and home health care for seniors.
MIAMI (November 9, 2021)—Papa, a curated platform of companionship and support for older adults, families, and other vulnerable populations, announced the close of their Series D funding. The $150 million raised will help address social determinants of health, including loneliness and isolation, for older Americans and others who stand to benefit from companionship and everyday assistance.
