While some of the other subsectors already have more clarity on what their CY2024 may look like, home Health operators are still operating in the dark. The home health proposed payment rule is still likely a month away, and the final rule likely more than four months out.

It seems most are expecting the worse – yet another payment rate cut from the Centers for Medicare & Medicaid Services (CMS). That lack of clarity – paired with pessimism – likely led to one of the lowest transaction quarters for home-based care in recent history in Q1.