COVID-19 Prompts Payers to Show ‘Real Appreciation’ of Home-Based Care

Like every other provider in the home-based care industry, Addus HomeCare Corporation (Nasdaq: ADUS) has spent the past three months grappling with the coronavirus.

In the short term, that has meant decreased visit volumes and reduced revenues. But in the long-term, Frisco, Texas-based Addus is optimistic the COVID-19 emergency will usher in a number of positives for the company — and the industry as a whole.

“Both from a payer and a family standpoint, what we’ve seen over the last two or three months is a real appreciation of what we do in the home and how that can help keep patients … safe,” CEO Dirk Allison said Tuesday during a presentation at William Blair’s Annual Growth Stock Conference.

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