Hospice News

APRIL 10, 2024

The Medicare Hospice Benefit could use an “upgrade” to ensure greater flexibility that may be necessary to fully support patients’ needs. In Fiscal Year 2022, 7.5% million hospice recipients were diagnosed with Alzheimer’s disease, 6.8% This is according to a recent editorial in Health Affairs by Cara L. Wallace, the Dorothy A.

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Hospice News

MAY 9, 2024

Centers for Medicare & Medicaid Services (CMS) on continuing evidence of hospice fraud and quality issues. We must urgently address the bad actors who are abusing the hospice benefit and harming patients and families,” the legislators wrote in the letter. “We Beth Van Duyne (R-Texas) and Earl Blumenaur (D-Ore.) Yesterday, the U.S.

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Hospice News

FEBRUARY 7, 2024

The Hospice of North Central Ohio (HNCO) will affiliate with Hospice of Western Reserve, also located in the Buckeye state. Hospice of the Western Reserve is one of the leading nonprofit hospice agencies in the nation and shares our values for patient and family care,” Mary Knowlton, HCNO’s board president, said in a statement.

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Hospice News

NOVEMBER 22, 2023

Croix Hospice has expanded its Missouri footprint with a de novo in the Wildwood community. Favorable demographics are among the factors that make Missouri an attractive market for hospices. Croix Hospice often looks for markets in which hospice utilization is comparatively low, including historically underserved rural communities, St.

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Hospice News

MARCH 15, 2024

The Medicare Payment Advisory Commission (MedPAC) has recommended to Congress a freeze on hospice payment increases starting in 2025. In its annual report to Congress, MedPAC urged policymakers to eliminate hospice base-rate increases for 2025. The 2021 aggregated Medicare hospice margin was 13.3%, according to MedPAC.

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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

MARCH 8, 2024

Tightened regulation in the hospice space has led to longer, more stringent diligence processes when it comes to buying and selling provider companies. Centers for Medicare & Medicaid Services (CMS) has honed in on hospice program integrity through a number of new regulations, including some in the agency’s 2024 hospice final rule.

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Hospice News

JANUARY 19, 2024

Though the number of hospice M&A deals plummeted in 2023 compared to prior years, deals are still being made, and the industry may see a rebound in 2024. Transaction volume declined in the hospice and home-based care space in 2023, following the two record-breaking prior years. This followed its $5.4 NYSE: HUM) for $2.8

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Hospice News

DECEMBER 6, 2023

The presence of private equity firms in the hospice arena has expanded exponentially during the past several years. While the slowdown applies to all buyers, the decline in private equity transactions is particularly noteworthy because they were among the most aggressive acquirers in the space between 2019 and 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

FEBRUARY 23, 2024

Rising wages, reimbursement pressures and immigration policies are fueling high turnover rates for hospice and personal care aides. Employment of home health and personal care aides is projected to grow by 22% between 2022 and 2032, according to a recent U.S. Bureau of Labor Statistics report. It’s putting yourself in their shoes.

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Hospice News

OCTOBER 26, 2022

Shradha Aiyer, vice president of products at Axxess, has been named a 2022 Future Leader by Hospice News. The program is designed to recognize up-and-coming industry members who are shaping the next decade of senior housing, skilled nursing, home health, and hospice care. Future Leaders are individuals nominated by their peers.

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Changing Lives Podcast

MAY 24, 2022

Hospice Quinte's 2022 Golf Tournament will be held at Black Bear Ridge Golf on June 24th at 9:30 AM. The fee for registration will include the green fee, a cart, 18-holes, lunch buffet, a charitable tax receipt, fun and tasty freebies along the course, and fabulous prizes!

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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 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. I’m a pediatrician.

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Hospice News

OCTOBER 23, 2023

Croix Hospice has launched a new specialty program focused on wound care. Croix Hospice is a portfolio company of the private equity firm H.I.G. Croix Hospice has long provided to patients,” said Chief Clinical Officer Mandy Cogswell in a statement. Croix Hospice in March 2022. It has been growing in 2023.

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Hospice News

NOVEMBER 16, 2023

billion in improper payments during 2023, though a smaller proportion of those dollars went to hospices than in years prior. Hospices received nearly 5.4% of improper payments from Medicare in 2023, down from 12% in 2022, according to a new report from the U.S. Medicare fee-for-service programs made $31.23

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Hospice News

OCTOBER 13, 2023

Implementation of the Medicare Advantage hospice carve-in has been challenging for both payers and providers, though a recent analysis indicates that it may get easier over time. to conduct the analysis of the program, formally called the hospice component of the value-based insurance design model (VBID).

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Hospice News

MAY 3, 2022

s (NASDAQ: ADUS) 2022 objectives as COVID headwinds start to abate. Addus CFO and executive vice president Brian Poff indicated that the company is in a “favorable position to continue to be acquisitive,” in a Q1 2022 earnings call.“. The hospice segment brought in $47.7 and is moving forward with integration.

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Hospice News

JANUARY 8, 2024

Private equity firms in the hospice space are adapting their “roll-up” strategies as economic uncertainties persist. While the slowdown applies to all buyers, the decline in private equity transactions is particularly noteworthy because they were among the most aggressive acquirers in the space between 2019 and 2022.

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Hospice News

APRIL 11, 2024

Black Americans are frequently denied access to hospice and palliative care due to structural racism, and many of those communities lack sufficient information to make end-of-life care decisions, new research has found. Access to hospice and palliative care is perceived as lacking. I’ll say the obvious, racism. were Hispanic; 1.8%

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Hospice News

MAY 9, 2024

Hospice will remain a core piece of Enhabit Inc.’s The company was mum about its strategic decision not to sell in Thursday’s earnings call, but executives elaborated on its home health and hospice focal points. AREX has been an investor since Enhabit spun off from Encompass Health Corporation (NYSE: EHC) in July 2022.

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Hospice News

OCTOBER 21, 2022

Bailey Woodhams, business development manager for consulting firm Maxwell Healthcare Associates, has been named a 2022 Future Leader by Hospice News. The program is designed to recognize up-and-coming industry members who are shaping the next decade of senior housing, skilled nursing, home health, and hospice care.

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Hospice News

MARCH 1, 2024

Croix Hospice has opened a de novo in the Clarinda, Iowa, community. Croix Hospice often looks for markets in which hospice utilization is comparatively low, including historically underserved rural communities, St. Croix Hospice Founder and CEO Heath Bartness previously told Hospice News. In October 2022, St.

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Hospice News

MAY 1, 2024

The impending demise of the hospice component of U.S. This included the addition of the hospice component in 2021, which was designed to test coverage of those services through Medicare Advantage. CMMI extended the program through 2030, but recently announced that the hospice portion will end on December 31, 2024.

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Hospice News

OCTOBER 5, 2023

Hospice of Northwest Ohio is buying the operations of ProMedica Ebeid Hospice Residence. ProMedica’s Ebeid Hospice Residence is a 12-bed inpatient facility that opened in 2008, attached to ProMedica’s Flower Hospital campus. The purchase gives Hospice of Northwest Ohio an inpatient facility in Sylvania, Ohio. “We

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Hospice News

MARCH 26, 2024

Though many expect a hospice M&A rebound in 2024, the scales are tipping in favor of home health companies among buyers. After 2023’s slump, PE firms have been sitting on more than $800 million in dry powder, according to data shared with Hospice News by The Braff Group. But additional data point to a resurgence.

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Hospice News

SEPTEMBER 16, 2022

Lauren O’Dwyer, CFO at Anvoi Hospice and Anvoi Management, LLC, has been named a 2022 Future Leader by Hospice News. The program is designed to recognize up-and-coming industry members who are shaping the next decade of senior housing, skilled nursing, home health, and hospice care. What drew you to the hospice industry?

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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

FEBRUARY 8, 2024

After 75 years of service, Georgia-based hospice provider Visiting Nurse Health System (VNHS) has its sights set on the future. Founded in 1948, the organization was the first home-based care provider to operate in Georgia, and in 1975 launched the state’s first hospice program. Seniors represented 14.7% Seniors represented 14.7%

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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. The 2022 awards program is sponsored exclusively by PointClickCare Technologies , the leading cloud-based software platform for the senior care market today.

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Hospice News

NOVEMBER 28, 2023

Providers see sustainability and expanded service growth as main draws to participating in the Medicare Advantage hospice carve-in. On the hospice side, we conducted interviews of both in- and out-of-network hospices in VBID. The company analyzed results of the program that spanned patient data through the calendar year of 2022.

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Hospice News

JUNE 14, 2023

annually between 2022 and 2031, reaching $7.1 Meanwhile, Medicare hospice spending is expected to more than double by 2032. The report, published today in Health Affairs , did not contain hospice-specific data. However, the annual Medicare Trustees Report for 2023 provides a more detailed look at hospice spending.

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Hospice News

DECEMBER 22, 2023

Transaction volume declined in the hospice and home-based care space in 2023, following the two record-breaking prior years. Only three hospice deals took place in the third quarter of this year compared to 11 in Q3 2022 and 18 in the same period in 2021, according to data from the M&A advisory firm The Braff Group.

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Hospice News

FEBRUARY 16, 2024

Hospice providers are increasingly focused on memory care settings and physician offices as referral sources. Though many hospices see facility-based care as their primary referral engines, a growing base of providers are seeking ties to community-based organizations to increase access and utilization this year. Among those, roughly 6.7

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Hospice News

MARCH 2, 2023

After taking hits during the pandemic, nonprofit hospices are seeing supplemental revenue from resale thrift stores rebound. Many hospice organizations operate these stores to raise money for their programs. We’re definitely seeing an increase in resale shop sales,” Hospice & Community Care CEO Jennifer Graham told Hospice News.

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Hospice News

DECEMBER 19, 2023

Residential Hospice has acquired Illinois-based Safe Haven Hospice from the senior living provider Christian Horizons for an undisclosed sum. More than 57,000 Illinois residents enrolled in hospice during 2021, a utilization rate of about 47%, according to the U.S. Graham went on to acquire Residential Hospice in 2014.

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