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Stock impact report

Addus HomeCare Comments on Final Department of Health and Human Services Rule [Yahoo! Finance]

Addus HomeCare Corporation (ADUS) 
Last addus homecare corporation earnings: 3/17 04:05 pm Check Earnings Report
Company Research Source: Yahoo! Finance
rule announced on April 22, 2024, by the Department of Health and Human Services (HHS) known as "Ensuring Access to Medicaid Services." The rule incorporates new requirements governing Medicaid Services, including Home and Community-Based Services (HCBS). The proposed requirements are intended to improve access to care, increase transparency and accountability, and promote health equity for Medicaid beneficiaries, including those who receive home health services. One provision of the rule, which was originally proposed in April 2023, mandates that state Medicaid agencies be required to ensure that a minimum of 80% of Medicaid payments for personal care and similar services be spent on compensation for the direct care workforce. The final rule has kept this requirement, however, it extends the period for states to comply to six years from four years after the effective date of the final rule. Dirk Allison, Chairman and Chief Executive Officer of Addus HomeCare, stated, "As a provid Show less Read more
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