Hospice News

SEPTEMBER 12, 2022

Utah-based Canyon Home Health & Hospice recently acquired Uintah Home Health and Hospice for an undisclosed amount, growing its footprint in the Beehive State state. Uintah Home Health and Hospice patients began receiving services under the Canyon umbrella earlier this month.

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Hospice News

MARCH 4, 2024

Centers for Medicare & Medicaid Services will end the hospice component of the value-based insurance design model (VBID) as of Dec. Often called the “hospice carve-in,” the program was designed to test coverage of hospice care through Medicare Advantage, in addition to some coverage of palliative care and transitional care.

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Hospice News

JUNE 15, 2022

Aging Media Network (AMN) is proud to announce the Frontline Honors Class of 2022. In the face of labor shortages, burnout and in-person restrictions, frontline care workers have kept the senior living and care industries in motion, providing a stable foundation for recovery.” Croix Hospice.

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Hospice News

NOVEMBER 4, 2022

With 15 de novos under its belt thus far in 2022, Caring Brands International (CBI) subsidiary Interim HealthCare Inc. The company provides care to roughly 173,000 patients annually. Interim has been on a growth trajectory in the hospice space. The company has completed three acquisitions thus far in 2022.

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Hospice News

DECEMBER 1, 2023

Wages for hospice clinicians continue to go up amid widespread staff shortages, but they grew at a slower rate in 2023 compared to the prior year. Turnover rates for RNs decreased to 25.53% in 2023, from 29.15% in 2022; LPN turnover was 29.97% in 2023, compared to 31.52% in 2022; HCAs dropped slightly from 29.84% in 2022 to 28.18% in 2023.”

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Hospice News

MARCH 6, 2024

A new legislative package winding its way through Congress could re-allocate hospice funds to other programs. If enacted, it would make adjustments to the hospice payment cap for 2033 that would free up $927 million. The nation’s four largest hospice industry groups have voice opposition to these provisions. for next year.

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Hospice News

APRIL 15, 2024

Though the Medicare Advantage hospice carve-in is going away at the end of this year, those operators still have a role to play in value-based care. The carve-in, formally known as the hospice component of the value-based insurance design model (VBID), will expire on Dec. Hospice care saves Medicare roughly $3.5

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Hospice News

FEBRUARY 26, 2024

Hospice operators in 2024 are navigating a rapidly transforming environment. The prior three years have laid the groundwork for change, particularly in the regulatory space as well as gradual migration towards value-based reimbursement and in tandem, the proliferation of business lines beyond hospice.

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Hospice News

FEBRUARY 23, 2024

Rising wages, reimbursement pressures and immigration policies are fueling high turnover rates for hospice and personal care aides. It is rare to find individuals who perceive personal care as a career choice, or path. We were able to not just grow [but also] strengthen this workforce,” Klein told Hospice News.

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Hospice News

FEBRUARY 6, 2024

When leaders at Colorado-based Pathways Hospice sat down to design its first standalone inpatient center, they sought to build a facility that embodied the core values of hospice care — an interdisciplinary approach that includes care for both the patient and the family.

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Hospice News

NOVEMBER 8, 2023

Senate Finance Committee is holding a markup meeting today on a bill that would, among other provisions, reallocate close to $1 billion hospice dollars to other programs. A couple of sentences in a 120-page set of amendments to the Social Security Act would make adjustments to the hospice payment cap for 2033 that would free up $927 million.

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Hospice News

DECEMBER 7, 2023

Strong performance on the Hospice Care Index is becoming increasingly essential to securing payer and referral contracts and will be a key consideration in the federal government’s forthcoming Special Focus Program (SFP). The Hospice Care Index can be a referral driver.

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Hospice News

DECEMBER 5, 2023

A rich mix of hospice merger and acquisition (M&A) activity at the end of 2023 is fueling trends into next year. Hospice M&A activity has diverged from the frenzied pace set in recent years. This year saw a slow but significant start, with mainly smaller and fewer hospice transactions taking place.

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Hospice News

APRIL 22, 2024

Three such organizations currently have deeming authority for hospices, The Joint Commission, the Accreditation Commission for Health Care (ACHC) and Community Health Accreditation Partner (CHAP). In 2022, for example, CMS revamped the hospice survey process as mandated by the Consolidated Appropriations Act of 2021.

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Hospice News

OCTOBER 14, 2022

“[Arizona has] a fantastic state government, a Medicaid program that truly aims to support families with intermediaries that share that vision, and a demographic that needs our services,” Jackson told Hospice News in an email. Veterans programs and managed care organizations also have become more involved in the space.

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Hospice News

JUNE 14, 2023

The nation’s total health care spend is expected to swell by 5.4% annually between 2022 and 2031, reaching $7.1 Meanwhile, Medicare hospice spending is expected to more than double by 2032. Centers for Medicare & Medicaid Services (CMS) Office of the Actuary also project that health care expenditures will represent 19.6%

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Hospice News

NOVEMBER 30, 2022

Wages for hospice aides and CNAs are rising faster than those for other interdisciplinary team members as providers seek to stem rampant turnover among those employees. There’s a shortage of hospice and palliative care trained physicians across the country.”. These nurses saw average national salary increases of 5.95% in 2022.

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Hospice News

JANUARY 10, 2024

Moving into 2024, more hospices see joint ventures or similar partnerships to be a major growth engine. Nearly half of 143 respondents to Hospice News’ 2024 Outlook Survey , conducted with Homecare Homebase, said that joint ventures and partnerships were the growth tactics they planned to pursue the most this year.

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Hospice News

APRIL 8, 2024

HopeHealth has been growing its pediatric hospice and supportive care service lines in recent years to address a range of unmet needs among seriously ill children and their families. HopeHealth provides home care, hospice, palliative and dementia care, as well as caregiver and grief support services.

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Hospice News

JUNE 7, 2023

Hospice leaders and lawmakers are meeting on Capitol Hill today to address the pressing issue of program integrity, among other policy priorities. Thus far, California is the only state to take action on the issue, beginning with a moratorium on new hospice licenses and an extensive audit of California’s oversight processes.

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Hospice News

AUGUST 15, 2022

Aging Media”) is pleased to announce the Future Leaders Class of 2022, showcasing the most promising talent in senior housing, skilled nursing, home health and hospice industries. This year’s Future Leaders Awards honorees are as follows: Hospice & Palliative Care. Home Health & Home Care.

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Hospice News

JANUARY 30, 2024

When deprescribing medications for hospice patients, providers have to navigate a complex web of factors. Medication costs are among hospices’ biggest expenses, and deprescribing some medications deemed “curative” or “unrelated” to the patient’s terminal diagnosis is a standard practice. “We Everything is based on cost.

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Hospice News

FEBRUARY 8, 2023

Hospice leaders would like to see some changes in the space this year, particularly around staffing, payer relationships and regulation. Hospice executives in December 2022 shared their predictions for what would happen in the space during 2023. The labor shortage is unsurprisingly a top concern. “We

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Hospice News

APRIL 7, 2023

Centers for Medicare & Medicaid Services (CMS) is seeking answers from the hospice community — including some around utilization patterns and non-hospice spending. The recently proposed 2024 hospice payment rule contained a 2.8% In Fiscal Year 2022, routine home care accounted for 98.8% As many as 72.2%

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Hospice News

FEBRUARY 10, 2023

Though investors and strategic buyers didn’t wade quite as deep into the hospice market in 2022 compared to years prior, the tide may be rising for M&A during 2023. Though hospice M&A activity fluctuated last year, volume is expected to rebound, but probably with larger numbers of smaller deals.

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Hospice News

MARCH 23, 2023

Centers for Medicare & Medicaid Services (CMS) is extending the value-based insurance design demonstration for calendar years 2025 to 2030, including the hospice component. The hospice component of VBID, also called the MA carve-in, launched in 2021 and was originally slated to complete after four years. It makes sense.

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Hospice News

JUNE 30, 2023

Centers for Medicare & Medicaid Services (CMS) has proposed a requirement that would prohibit hospice owners from selling their businesses within 36 months of Medicare enrollment. The agency included these plans in its proposed home health rule for 2024. cut to reimbursement home health providers for next year.

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Hospice News

DECEMBER 9, 2022

The hospice component of the value-based insurance design (VBID) model will begin its third year on Jan. Often called the MA hospice carve-in , the voluntary demonstration is designed to assess payer and provider performance related to hospice within Medicare Advantage (MA). Because say in three or four years.

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Hospice News

MAY 31, 2023

Citing inflation and other headwinds, hospice providers and industry organizations are urging the U.S. This is the first of a series of Hospice News articles that will cover the industry’s response to the proposed rule. In public comments on the proposal, the National Hospice and Palliative Care Organization (NHPCO) called for a 3.7%

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Hospice News

MAY 24, 2023

When it comes to marketing a hospice or home health business, word of mouth among consumers may be more critical than many realize — generating as much as 36% of revenue. For the research, survey respondents were asked to select their top five revenue-generating sales and marketing sources in 2022.

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Hospice News

JUNE 20, 2023

NASDAQ: PNTG) has acquired Idaho-based Bluebird Home Health, Bluebird Hospice and Bluebird Home Care for an undisclosed sum. Pennant has its sights on multiple potential transactions across its hospice, home health and senior living business lines, the company has indicated in earnings calls. Census Bureau.

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Hospice News

AUGUST 21, 2023

Centers for Medicare & Medicaid Services (CMS) forthcoming Special Focus Program (SFP) for hospices. CMS initially pitched the idea in 2022 but instead convened a Technical Expert Panel (TEP) to further guide development. Hospices flagged by the SFP would be surveyed every six months rather than the current three-year cycle.

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Hospice News

DECEMBER 13, 2023

VITAS Healthcare Expands Hospital-Based Inpatient Hospice Center Chemed Corp. NYSE: CHE) VITAS Healthcare recently expanded its inpatient hospice care unit at the Florida-based Broward Health Medical Center. Miami-based VITAS has provided community- and facility-based hospice care in the Broward County area since 1980.

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Hospice News

MAY 26, 2023

Three important considerations can help hospices recruit and retain social workers — a respectful workplace culture, reasonable workloads and continuing education opportunities. During the pandemic, those professionals have left the health care field in record numbers.

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Hospice News

MARCH 1, 2023

NYSE: EHAB) will sustain and grow operations this year, particularly on the hospice side. We still have some staffing needs to get us where we need to be on the hospice front.” Enhabit has more than 100 hospice locations nationwide – and counting. Well, that’s not how it works for hospice. Acquisitions contributed $36.3

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Hospice News

AUGUST 31, 2023

Thus far in 2023, hospice merger and acquisition activity has deviated from prior years. The last five years saw record-breaking multiples in the hospice space and private equity-backed platform deals were among the most common types of transactions. billion , which closed at the end of 2022. A number of trends have shifted.

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Hospice News

JANUARY 18, 2024

Helios Care is working to change the face of hospice in its update New York service region, with a new partnership with the Bassett Healthcare Network as a cornerstone of its strategy. Formerly known as Catskills Area Hospice and Palliative Care, the organization rebranded as Helios in 2019.

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