Almost Family, Inc. and subsidiaries provide home health services. The company has service locations in Florida, Ohio, Tennessee, New York, Kentucky, Connecticut, New Jersey, Massachusetts, Indiana, Illinois, Pennsylvania, Georgia, Missouri, Mississippi and Alabama. Divisions The company has two divisions, Home Health Care and Healthcare Innovations. Home Health Care The Home Health care division consists of two segments, Visiting Nurse Services (VN or Visiting Nurse) and Personal Care Services (PC or Personal Care). VN The company’s VN segment provides a range of Medicare-certified home health nursing services to patients in need of recuperative care, typically following a period of hospitalization or care in another type of inpatient facility. The company’s services are often provided to patients in lieu of additional care in other settings, such as long term acute care hospitals, inpatient rehabilitation hospitals or skilled nursing facilities. Its nurses, therapists, medical social workers and home health aides work closely with patients and their families to design and implement an individualized treatment response to a physician-prescribed plan of care. Under the umbrella of its Senior Advocacy mission, the company offers special clinically-based protocols customized to meet the needs of the increasingly medically complex, chronic and co-morbid patient populations the company serves. Include Optimum Balance, Silver Steps, Cardiocare, Orthopedic and Conjestive Heart Failure in the Home. The company’s VN segment services consist primarily of the provision of skilled in-home medical services to patients in need of short-term recuperative health care. Its patients are referred to the company by their physicians or upon discharge from a hospital or other type of in-patient facility. The company operates 94 Medicare-certified home health agencies with a total of 162 locations. It receives payment from Medicare, Medicaid and private insurance companies. The company’s professional staff includes registered nurses, licensed practical nurses, physical, speech and occupational therapists, and medical social workers. PC The company’s PC segment provides services in patients’ homes primarily on an as-needed, hourly basis. These services include personal care, medication management, meal preparation, caregiver respite and homemaking. Its services are often provided to patients who would otherwise be admitted to skilled nursing facilities for long term custodial care. PC revenues are generated on an hourly basis. The company operates 74 Personal Care locations. Healthcare Innovations The Healthcare Innovations segment includes the company’s developmental activity outside of the traditional home health business platform. The company’s activities are intended ultimately, whether directly or indirectly, to benefit its patients and payers through the enhanced provision of home health services. The HCI segment includes Imperium Health Management (Imperium), an ACO enablement company; an investment in NavHealth, Inc. (NavHealth), a population-health analytics company; Ingenios Health Co. (Ingenios), a Nurse-Practitioner-oriented and mobile technology-enabled health risk assessment company primarily serving managed care organizations; and Long Term Solutions, Inc. (LTS), an in-home assessment company serving the long-term care insurance industry. The company owns 61.5% of Imperium. NavHealth is a development-stage enterprise whose business plan is focused on the development of technology-based tools designed to help health systems anticipate and inform a patient’s journey through the health care system. Ingenios provides technology enabled in-home clinical assessments for Medicare Advantage, Managed Medicaid and Commercial Exchange lives in seven states and Washington, D.C. LTS performs in-home nursing assessments for the long-term care insurance industry. LTS also provides a suite of planning and support services to insurance companies, employers and direct to individuals and families throughout the United States. LTS, through its network of various assessment service partners provides assessments in all 50 U.S. states and various foreign countries. Acquisitions In 2015, the company acquired the stock of Black Stone Operations, LLC; and 100% of the equity of Bracor, Inc. (doing business as WillCare). Government Regulation The Patient Protection and Affordable Care Act (ACA) have impacted the company’s business. A series of laws and regulations dating back to the Omnibus Budget Reconciliation Act of 1987 and through the ACA and related subsequent legislation have been enacted and apply to the company. History Almost Family, Inc. was founded in 1985. The company was incorporated in Delaware in 1985.
almost family inc (AFAM:NASDAQ GS)
9510 Ormsby Station Road
Louisville, KY 40223
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