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Medi Home Care history
Medi Home Care company history timeline
By 1980, NHE accounted for 8.9 percent of GDP, an even larger leap than the decade prior.
He enlisted the help of a bank and two venture capital concerns and completed a leveraged buyout of Ambulatory Services in 1989, renaming the enterprise Pediatric Services of America.
He discovered in 1989 that the company suffered from woeful bookkeeping, its profitability hobbled by accounts receivable that stretched into months rather than weeks.
1989:Sansone leads leveraged buyout of Ambulatory Service of America, Inc.
By 1990, NHE accounted for 12.1 percent of GDP — the largest increase thus far in the history of healthcare.
After a period of debate toward the end of 1993, Congress left for winter recess with no conclusions or decisions, leading to the bill’s quiet death.
The IPO was completed in 1994, when PSA's $13.6 million stock offering debuted on the NASDAQ Exchange.
1994:Initial stock offering touches off aggressive acquisition campaign.
In May 1996, PSA formed a joint venture company named PSA Home HealthCare L.P. with Miami Children's Hospital, operator of a 268-bed facility.
With the proceeds from the IPO and a secondary offering of stock in 1996 that raised an additional $23 million, the company's stature grew significantly and swiftly.
In 1996, Clinton signed the Health Insurance Portability and Accountability Act (HIPAA), which established privacy standards for individuals.
The additions included the purchase in May 1997 of Home Vitality Inc., an Illinois-based home care pharmacy that served the greater Chicago area.
The final healthcare contribution from the Clinton Administration was part of the Balanced Budget Act of 1997.
In August 1999, the company revealed that it was selling its paramedical testing division to Hooper Holmes Inc.
By the year 2000, NHE accounted for 13.3 percent of GDP — just a 1.2 percent increase over the past decade.
The first open enrollment season for the Marketplace started in October 2013, and it was rocky, to say the least.
Attempting to capitalize on President Trump's rather unorthodox public support for government negotiation of drug prices (a 2016 campaign pledge), Speaker of the House Nancy Pelosi push through a house bill in mid-December aimed at lower drug prices.
Nevertheless, 8 million people signed up for insurance through the ACA Marketplace during the first open enrollment season, with enrollment peaking in 2016 at 12.2 million (with 10 million of those receiving subsidies to help pay for insurance).
The Trump administration issued a rule in 2018 extending these plans to last 364 days, with a renewable option for an additional three years.
Hungry to notch a win on healthcare prior to the 2020 election, the Trump administration continues to push ahead on initiatives designed to reign-in healthcare costs.
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Medi Home Care competitors
| Company name | Founded date | Revenue | Employee size | Job openings |
|---|---|---|---|---|
| Pediatric Home Service | 1990 | $23.3M | 100 | 620 |
| Visiting Nurse Service of New York | 1893 | $1.2B | 11,780 | - |
| Interim HealthCare | 1966 | $2.5B | 30,000 | 2,330 |
| Roberts Home Medical | 1977 | $45.1M | 200 | - |
| Bellevue Healthcare | 2000 | $4.0M | 100 | - |
| Financial Corporation Of America | - | $450,000 | 50 | - |
| DASCO Home Medical Equipment | 1987 | $2.4M | 25 | 74 |
| Liberty Medical Center | 1998 | $10.0M | 112 | 8 |
| International Medical Group | 1990 | $99.7M | 501 | 4 |
| Element Care | 1994 | $88.3M | 84 | 55 |
Medi Home Care history FAQs
Zippia gives an in-depth look into the details of Medi Home Care, including salaries, political affiliations, employee data, and more, in order to inform job seekers about Medi Home Care. The employee data is based on information from people who have self-reported their past or current employments at Medi Home Care. The data on this page is also based on data sources collected from public and open data sources on the Internet and other locations, as well as proprietary data we licensed from other companies. Sources of data may include, but are not limited to, the BLS, company filings, estimates based on those filings, H1B filings, and other public and private datasets. While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions or for the results obtained from the use of this information. None of the information on this page has been provided or approved by Medi Home Care. The data presented on this page does not represent the view of Medi Home Care and its employees or that of Zippia.
Medi Home Care may also be known as or be related to MEDICAL SERVICES OF AMERICA, MEDICAL SERVICES OF AMERICA INC, Medi Home Care, Medical Services Of America, Medical Services of America, Medical Services of America Inc and Medical Services of America, Inc.