Coronavirus Could Lead to More Home Health Bankruptcies, Legal Experts Predict


Going into 2020 everyone expected the biggest issue in home health to be PDGM, but COVID-19 has become the biggest story.  The HH agencies were worried about the effect of PDGM, but COVID-19 could have a much greater effect than anyone expected.  “Providers might not be as lucky when it comes to weathering the coronavirus chaos. At least, that’s what Roger Strode — a transactional health care lawyer and partner at Milwaukee-based national law firm Foley & Lardner LLP — and his colleagues predict.”

“A lot of these small businesses, they don’t have massive amounts of days cash on hand,” Strode told Home Health Care News. “There may be a number of them that are barely struggling to hang on right now, so consolidation may be quicker and easier because there may be a lot of them looking for a lifeline here. We may see a number of bankruptcies in this area, especially with some of these smaller agencies.”

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