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How 3 Hospice Companies Are Beating the Workforce Shortage

Hospice News

Dallas-based Enhabit’s footprint includes 252 home health locations and 105 hospice locations across 34 states. The company emerged from the 2021 spinoff of Encompass Health’s (NYSE: EHC) home health and hospice segment. The organization is the parent company of 17 affiliates and two philanthropic foundations.

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Valeo Home Health Named Best of Salt Lake City 2021

Hearts for Hospice & Home Health

For the third year in a row, Valeo is recognized as the top home health and hospice company in the greater Salt Lake area. Valeo Home Health and Hospice, LLC, was named Best of SLC Home Health and Hospice companies in the third annual Best of SLC awards.

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What New Allegations that HCA Healthcare Pressured Patients Mean for Hospices

Hospice News

SEIU analyzed Medicare claims data showing that the average hospice transfer rate among HCA hospital discharges was nearly 40% above the national average in 2021 and represented a 50% growth rate over four years. During the past several years, HCA has closed a number of home health and hospice acquisitions. More than 1.72

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Hospice Operators Watching Closely as Large Payers Transform the Industry

Hospice News

For better or worse, the growing presence of large insurance companies in the hospice and home health provider space could be transformative for the industry. Two transactions demonstrate rising interest among payers in owning the home-based care assets that serve their beneficiaries. Humana Inc.

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4 Ways Hospices Are Pursuing Growth in 2023

Hospice News

Through that program, we believe that we’ll have a much greater usage percentage for our patients to be able to access us.” – Jim Palazzo, CEO, Transitions Care “I was interested in PACE services just because of the similarity that it has to hospice care and the need that it fills, often for some of the poor folks in a community.

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Key Trends That Will Shape the Hospice Industry in 2023

Hospice News

But questions linger about their long-term sustainability — and what will happen in the labor market when hospices start phasing the bonuses out. This year, the average hourly wage for hospice aides and CNAs rose 9.09% in 2022, compared to a 4.52% increase in 2021, and the rate for nurses rose nearly 6%, the salary report indicated.

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As Headwinds Rage, Large Hospice Companies Lay Groundwork for Potential 2023 Growth

Hospice News

Generally, fewer clinicians has meant fewer patients have been receiving hospice care, according to industry observers and companies’ own reports. in the same period of 2021, according to research by Scott Fidel, analyst for Stephens. The company saw a 10.6% days in Q3, compared to 96 days in Q3 2021.