Hospice News

SEPTEMBER 27, 2023

Researchers analyzed data on hospice acquisitions between 2013 and 2020 to compare changes in sites of care or patient population compared to other for-profits that did not undergo a transaction. A little more than 20% of hospice decedents in 2020 suffered from dementia, up from 18.5%

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Hospice News

JANUARY 5, 2024

during 2020 and 2021, up from 30.1% One such is the COVID-19 pandemic, declared a public health emergency of international concern on 30 January 2020 and with the end of its emergency phase on 5 May 2023,” the study indicated. The study focused on cancer and dementia patients. Worldwide, the percentage of home deaths rose to 32.2%

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Hospice News

DECEMBER 8, 2023

The company has a history of completing its own acquisitions, including the 2020 purchase of California-based Superior Healthcare, also a DME provider. Medicare in 2020 spent $11.2 The following year, Hospice Source acquired Respiratory Therapy Home Care in Bellflower, Calif. Financial terms for both of these deals were undisclosed.

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Hospice News

DECEMBER 12, 2023

In 2020, the growth rate was 10.6%, according to a report published in Health Affairs. The proportion of health care spending relative to the overall economy was 17.3%, also down from 2020’s rate of 19.5%. The nation’s annual health care spend reached $4.5 trillion in 2022, a 4.15 increase, compared to 3.1% the prior year.

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Hospice News

MARCH 25, 2024

Arizona-based Stoneridge Hospice launched services in 2020 with an aim to address a swelling aging population’s growing need for end-of-life care. Stoneridge Hospice launched in 2020. We started initially as a home health agency [Southland Home Care], then sold it in 2020 and began talking about opening a hospice.

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Hospice News

DECEMBER 14, 2022

seen in 2020, with the slowdown largely attributed to reduced spending on COVID-19 support, including Paycheck Protection Program (PPP) loans and the Provider Relief Fund (PRF). These sources continue to provide funding in 2021, but at much lower levels and in 2020.”. in 2020, according to the Medicare Payment Advisory Commission.

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Hospice News

NOVEMBER 10, 2023

Lumicare Hospice received its Medicare certification in 2020, according to National Hospice Locator data. among Medicare decedents in 2020, the National Hospice and Palliative Care Organization (NHPCO) reported. “We are thrilled to be providing services in Colorado and excited to expand on our current footprint in Texas and Arizona.”

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Hospice News

SEPTEMBER 14, 2023

A major achievement during Rodgers’ tenure at the Dallas-based hospice, home health and palliative care provider was the company’s 2020 merger with Illinois-based Seasons Hospice & Palliative. Tortorella, his successor, has been COO at Steward Health Care since November of 2020.

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Hospice News

MARCH 19, 2024

Total employment in this sector was 5% higher in July 2023 than in February 2020, MedPAC reported. Department of Commerce defines this sector to include hospices, home health agencies, private duty, pediatric agencies and other providers of care in the home.

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Healthcare Law Insights podcast

FEBRUARY 20, 2020

In this episode, we share a lively discussion with colleague Jon Anderson on what should be front of mind for hospices in 2020 from a labor and employment perspective. In this episode, we share a lively discussion with colleague Jon Anderson on what should be front of mind for hospices in 2020 from a labor and employment perspective.

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Hospice News

JANUARY 8, 2024

” This was New Day’s ninth acquisition since the company was established in 2020. “This latest acquisition continues to prove New Day’s commitment to bringing together multiple home health service lines within markets to improve patient care coordination and outcomes.” The following year, the company secured $55.5

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Hospice News

MARCH 3, 2023

The number of hospices operating in the United States rose to 5,058 in 2020, the most recent year for which data are available, the Medicare Payment Advisory Commission (MedPAC) reported. hospices between 2019 and 2020. Of those, about 73% were for-profit companies, and 24% were nonprofits. These numbers reflect a 4.5%

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Hospice News

MAY 1, 2023

Things improved in 2020, the most recent year for which data are available, but not enough to put them in the black. million in 2020, according to its IRS 990s. But the following year, it reported a more than $1.5 million loss, according to 990 forms filed with the Internal Revenue Service (IRS).

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Hospice News

APRIL 18, 2024

This is VITAS’ first deal in several years, largely due to record-high valuations in the space, Westfall told Hospice News in 2020. The nonprofit provider operates a 32-bed assisted living facility in Pensacola, Florida. The company’s net revenue reached $350 million in the fourth quarter of 2023, a 13.6%

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Hospice News

MARCH 8, 2023

Hospice multiples broke records in 2020, 2021 and 2022, reaching as high as 29x. The national hospice utilization rate did take an uncharacteristic dip in 2020, to 47.8% Nevertheless, more people did choose hospice in 2020 — 1.72 So the question is: Is that just a general change in hospice?” This is down from 51.6%

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Hospice News

JANUARY 11, 2024

Grant Avenue Capital, Fortis’ private equity backer, financed the deal, which is the company’s fourth since its founding in 2020. The company also operates Valeo Home Health and Hospice and Select Home Health, which Grant Avenue acquired in late 2020 and 2021, respectively. Financial terms of the transaction were undisclosed.

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Hospice News

OCTOBER 9, 2023

More than 20% of hospice decedents in 2020 suffered from dementia, up from 18.5% of terminal diagnoses in 2020, while cancer accounted for 7.2%. Dementia patients also tend to have the longest average lengths of stay in hospice — 181 days in 2020, compared to an average 97 days among all patients.

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Hospice News

SEPTEMBER 25, 2023

The company has been quiet on the merger and acquisition front during the past two years following a swath of activity between 2018 and 2020. billion in annual revenue in 2020, a 23% year-over-year rise from the prior year. “By The company went on to purchase North Carolina-based Dare County Home Health & Hospice for $2.9

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Hospice News

APRIL 10, 2024

A 2020 meta-analysis of 15 studies on burnout among palliative care nurses found a 24% prevalence for emotional exhaustion, 30% for depersonalization and 28% for feelings of low personal accomplishment.

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Hospice News

APRIL 29, 2022

Initially slated to complete in 2020, CMS extended the program until December 2021. . The recent report focuses on 4,574 Medicare beneficiaries who enrolled in the program between January 2016 and September 2020 and who died by March of 2021. ” Despite these acknowledgments, signs point towards positive results.

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Hospice News

SEPTEMBER 20, 2023

The company also operates a large ACO that in 2020 received the second highest payout among 513 participants in the Medicare Shared Savings Program (MSSP), according to CMS. Tortorella ascended to Steward’s c-suite in November 2020 after more than a decade with the company. All told, the company covers close to 1.5

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Hospice News

AUGUST 29, 2022

The most recent example is the 2020 implementation of the Patient-driven Groupings Model (PDGM). Uncertain about how this new payment system would impact their businesses, a number of strategic buyers shifted their 2020-2021 M&A pipelines towards their hospice segments. “At

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Hospice Law Blog

AUGUST 12, 2019

On August 6, 2019, CMS finalized its 2020 hospice rule , including adopting, without substantial modification, two controversial and material changes to the hospice benefit: Rebasing payment rates to shift about $500 million from routine care to enhanced levels of care including general inpatient, continuous, and respite care.

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Hospice News

APRIL 9, 2024

This is a rise from 180 MA plans in 2023 offering palliative services and 64 MA plans in 2020. About 205 Medicare Advantage plans currently offer home-based palliative care services as a supplemental benefit, according to a recent ATI Advisory report.

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Hospice News

AUGUST 17, 2023

In 2020, Family Resource formed a partnership with Connecticut-based Great Point Partners, a health care-focused private equity firm. in 2020, just below the national average of 47.8% More than 29,350 Medicare beneficiaries utilized hospice in 2021, according to the U.S. Centers for Medicare & Medicaid Services (CMS).

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Healthcare Law Insights podcast

JUNE 10, 2020

Those requirements are set to become effective as early as October 1, 2020. For resources related to this episode, please see the following: CMS, FY 2021 Hospice Wage Index Proposed Rule CMS, Proposed Modifications to Model Election Statement and New Model Addendum CMS, FY 2020 Hospice Wage Index Final Rule.

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Hospice News

FEBRUARY 14, 2024

This has been shown to improve sleep and relaxation, according to 2020 research in the Japan Journal of Nursing Science. The Sweet Dreams program offers patient and family education and services around the issue of sleep. Through the program, patients receive a reflexology massage of the hands and feet.

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Hospice News

FEBRUARY 23, 2024

Nick Westfall, chairman and CEO of VITAS Healthcare As of 2020, Miami-based VITAS, a subsidiary of Chemed Corp (NYSE: CHE) is the nation’s largest hospice provider by market share, operating 50 locations in 14 states, according to LexisNexis. Westfall came to VITAS in 2012 as senior vice president of field operations. He became CEO in 2016.

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Hospice News

DECEMBER 16, 2022

The push to unionize began in 2020, according to St. However, conditions exacerbated by the pandemic have the potential to lead more workers to consider seeking representation, Jon Anderson with Husch Blackwell in a 2020 JD Supra podcast. Among more than 18,000 health care employees in 2021, about 7.7% Bureau of Labor Statistics.

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Hospice News

MAY 16, 2023

The nonprofit provided 16,233 palliative care visits across six hospitals that year, which was an additional 10,000 visits compared to 2020. The organization launched its telemedicine program in 2020 in response to the COVID-19 pandemic. Alive Hospice’s revenue reached $38.87 million in 2021, up from $38.03 of revenue.

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Hospice News

JULY 31, 2023

Patients with these conditions represented the largest proportion of hospice patients by principal diagnoses in both 2019 (20.1%) and 2020 (18.5%), according to the National Hospice and Palliative Care Organization (NHPCO). Stakeholders in the provider space applauded the model.

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Hospice News

APRIL 22, 2024

Researchers from the University of Rochester School of Medicine and Dentistry recently dug into hospice decedent data spanning 2019 – 2020 to examine differences in quality across various care settings. Hospice providers should ensure that AL residents have equal access to quality services like residents in other referral settings.”

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Hospice News

MARCH 29, 2024

The hospital system originally had plans to launch the Palliative Care Serenity Unit in 2020, but the project halted temporarily during the pandemic due to limited available hospital beds and staffing pressures, Cohen stated. The new palliative care unit has four dedicated patient beds.

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Hospice News

APRIL 1, 2024

” Empath Health Jonathan Fleece speaks at Hospice News’ 2023 Elevate Conference Empath Health, in its current form, emerged in 2020 from a merger with Stratum Health, where Fleece was previously CEO. The combined organization later unified their businesses under the Empath Health brand.

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Hospice News

JULY 6, 2023

Everybody sold in 2020, 2021 or the first two quarters of 2022, so there’s just not a lot of inventory out there. While companies that have a positive cash flow and demonstrate solid regulatory compliance are still in demand, the lower to middle market has been in a slump, according to Mertz. 1 is scarcity.

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Hospice News

FEBRUARY 2, 2024

In 2020, the agency rebased the payment rates for those services in an effort to boost utilization. Each day, a patient in CHC must receive a minimum of 8 hours of nursing care or nursing and aide care.

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Hospice News

MARCH 8, 2024

Alivia Care emerged in 2020 when Community Hospice & Palliative Care, now an affiliate, formed a larger company with a wider range of services. The hospice and palliative provider launched services in the Las Vegas region in 2020. You have to walk in line with the [patient] demand and regulatory requirements.”

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