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How 3 Hospice Companies Are Beating the Workforce Shortage

Hospice News

hospice providers have the same problem — a workforce shortage — many seek to address it using unique solutions. Worsening workforce shortages have been keeping hospice leaders awake at night for several years running. Hospices, in turn, have taken new steps to gain or keep their staff, particularly clinicians. Though most U.S.

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How CON Laws Influence Hospice Quality, Program Integrity

Hospice News

Variations in hospice certificate of need (CON) state laws are raising program integrity concerns. What ends up happening in states without CON is actually lower hospice utilization with way too many hospices in one service area, and often fragmented care without all four levels of hospice offered,” Ponder-Stansel told Hospice News.

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4 Key Trends for Hospices to Watch in 2024

Hospice News

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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How Hospices Can Rebrand Post-Merger, Acquisition

Hospice News

Rebranding a hospice company following a merger or acquisition is a more complex process than it may seem at first blush. And although not all acquired companies rebrand, many do in order to create a unified identity or reflect a broader suite of services. .

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VitalCaring Primed for Hospice Expansion in 2024

Hospice News

The Texas-based home health and hospice company VitalCaring Group was built largely through acquisitions, and the company expects to step up that strategy in 2024 with an emphasis on hospice. The company, which also offers pediatric and companion care, has also opened a few de novos and has more planned for this year.

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1Care’s COO: Executives with Bedside Experience Give Hospices a Competitive Edge

Hospice News

Hospice executives with a nursing background can bring unique competitive advantages. This has been the case for Nevada-based 1Care Hospice & 1Care Kids, particularly as they contended with the pandemic and widespread workforce shortages, according to COO Eddie Belluomini. 1Care was their first venture.

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Hospice Multiples Unlikely to Drop

Hospice News

A turbulent economy and slight cool-down in deal activity early in the year have led some to question whether the record-high valuations for hospice assets will start to tumble. Thus, these assets have come at a premium in recent years, with hospice multiples r eaching as high as 29x in 2020.

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