article thumbnail

Federal Officials Call for Stronger Medicare Advantage Oversight

Hospice News

Congressional legislators are casting doubts on regulatory oversight of Medicare Advantage plans over concerns about spending, claims denials, and end-of-life care. Department of Health & Human Services Office of the Inspector General (OIG), the Medicare Payment Advisory Commission (MedPAC), and the Government Accountability Office.

Medicare 247
article thumbnail

M&A Volume May Shift From Hospice to Home Health

Hospice News

Transaction volume declined in the hospice and home-based care space in 2023, following the two record-breaking prior years. Only three hospice deals took place in the third quarter of this year compared to 11 in Q3 2022 and 18 in the same period in 2021, according to The Braff Group. But additional data point to a resurgence.

2024 282
professionals

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Pennant Group Acquires Guardian Hospice

Hospice News

Guardian Hospice of Oklahoma received Medicare certification in 2015 and has since grown its presence in the state and across Texas. The company operates 102 hospice and home health locations and 51 senior living communities in 13 states, including Texas and Oklahoma. Centers for Medicare & Medicaid Services (CMS).

Hospice 255
article thumbnail

What Hospices Can Learn from Home Health Agencies on New Program Integrity Rules

Hospice News

Hospices seeking to gauge the potential impact of new regulatory actions in the space can look to their counterparts in the home health field. CMS is no doubt hoping for similar results for the Medicare Hospice Benefit. Their recommendations included a temporary moratorium on new hospices enrolling in Medicare.

Hospice 242
article thumbnail

Hospice M&A Going Strong, But Non-Medical Home Care a Rising Star

Hospice News

Deal volume for non-medical home care companies outstripped that for hospice or home health during the first half of the year. As of the end of Q2, this included 23 deals compared to 17 each for Medicare-certified home health and for hospice, according to a report by M&A advisory firm Mertz Taggart.

Home care 264
article thumbnail

Compassus Expands Services, Footprint Via Ascension Saint Thomas Partnership

Hospice News

Compassus provides a continuum of home-based services including home health, palliative care and hospice from more than 250 locations across 29 states, including a number of similar partnerships with health systems and other health care providers. Centers for Medicare & Medicaid Services (CMS).

2030 147
article thumbnail

Despite Headwinds, Aveanna Still Sees Big Upside to Its Home Health and Hospice Business

Hospice News

(NASDAQ: AVAH) was a company mostly focused on in-home care to pediatric populations. When the Atlanta-based provider filed to go public in April 2021, however, it revealed ambitious plans to expand into the arenas of Medicare-certified home health and hospice care. “We