Home Health Care News January 6, 2020
U.S. health care spending soared past $3.6 trillion in 2018, nearly one-fifth of the country’s gross domestic product (GDP). To curb that spending, stakeholders throughout the continuum of care are beginning to think more about “total cost of care” and less about isolated episodes.
Some of the largest in-home care providers are among those stakeholders, including Lafayette, Louisiana-based LHC Group Inc. (Nasdaq: LHCG). Founded in 1994, LHC Group currently provides home health, hospice and personal care services throughout 35 states and Washington, D.C.
Within the health care sector, there isn’t a single, universally accepted definition for what total cost of care means. Generally, however, the phrase usually refers to all direct...
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