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Hospice of the Chesapeake Achieves 145% Census Growth Since 2020 Charles County Acquisition

Hospice News

Hospice of the Chesapeake has exceeded its growth expectations since its 2020 acquisition of Hospice of Charles County. At the transaction’s closing, the acquisition boosted Hospice of the Chesapeake’s average daily census to more than 620, up from 580. The financial terms of the transactions were undisclosed.

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Stoneridge Hospice Owner Rollie Seebert: Hospices Help Address the ‘Demographic Tsunami’

Hospice News

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 provides home-based hospice and also contracts with other providers to offer facility-based services. Stoneridge Hospice launched in 2020.

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Why Hospice Utilization Rates Have Fallen

Hospice News

National hospice utilization rates have fallen since 2020, though the total number of patients served remains consistent. This utilization rate is similar to what was seen in calendar year 2020. million Medicare beneficiaries were enrolled in hospice care for one day or more, compared to 1.72 About 47.3% About 47.3%

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New Day Healthcare Acquires Compassion Hospice

Hospice News

The home health and hospice provider New Day Healthcare has acquired Texas-based Compassion Hospice for an undisclosed amount. The company’s nearly 6,500 employees serve close to 100,000 patients annually across all of its business lines, including home health, hospice, pediatrics, clinical decision support and personal care.

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Hospice Leaders: Change Must Come to the Medicare Hospice Benefit

Hospice News

Calls have grown louder for an overhauled design of the Medicare Hospice Benefit, but the path towards change is riddled with contrasting views over regulation, policy and payment structures. One part of the issue is that hospice reimbursement has not kept pace with evolving patient needs, Grant said.

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Choice Health at Home Acquires Lumicare Hospice

Hospice News

Texas-based Choice Health at Home LLC has inked a deal to acquire Lumicare Hospice, growing its presence in two current markets while establishing services in a new state. Lumicare Hospice has locations in Texas and Arizona, two states in Choice’s existing service region. Hospice utilization in the state reached 50.4%

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National HME Acquires Hospice Source

Hospice News

The durable medical equipment (DME) provider National HME has acquired Hospice Source, also a DME company. The Texas-based company developed its Hospice Cloud Pro technology platform to facilitate consolidated equipment ordering and provide clients with data on utilization, cost trends, and network management for reporting and analytics. “We

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