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CMS to Sunset Hospice VBID in 2024

Hospice News

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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Health Plan Participation in Hospice VBID to Shrink in 2024

Hospice News

Health plan participation in the hospice component of the value-based insurance design model (VBID) will fall in 2024. For calendar year 2024, 13 Medicare Advantage Organizations (MAOs) will participate in the program’s hospice component, providing coverage through 78 health plans in 19 states. million in 2023.

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VITAS Expects a Steady 2024 for Revenue, Growth

Hospice News

After the tumultuous years of the pandemic, VITAS Healthcare expects a stable growth trajectory heading into 2024. Though the company has not yet released financial guidance for 2024, VITAS anticipates a “predictable” 2024 in terms of earnings and growth, executives said at Monday’s Bank of America Healthcare Conference.

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Top Lawmakers for Hospices to Watch in 2024

Hospice News

Hospice providers will be looking to Congress in 2024 to address issues related to program integrity, quality improvement and industry-wide workforce pressures. As legislative efforts develop, hospices may want to focus their attention on a few key legislators. Elected to the U.S.

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Hospice Investors to Watch in 2024

Hospice News

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. and JPMorgan Chase also own a stake.

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Key Palliative Care Trends to Watch in 2024

Hospice News

Therefore, we can expect continued demand for palliative care, the slow evolution of payment models that could support further growth and more partnerships among providers across the continuum designed to boost utilization and slash expenditures. Rising demand In 2024, demand will continue to rise, driven by a number of factors.

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Transparency Essential to Hospice Compliance in 2024

Hospice News

This evolving mix of hospice regulation has placed staff oversight at the forefront of ensuring compliance, according to Christie Piland, director of education at Caris Healthcare. Additional services include palliative care, a veterans program and care coordination. On Wednesday, the U.S. It’s about your internal standards.”

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