Hospice News

MARCH 8, 2023

High valuations have led Addus HomeCare (NASDAQ: ADUS) to pivot towards personal care and home health deals rather than hospice acquisitions. Hospice multiples broke records in 2020, 2021 and 2022, reaching as high as 29x. Addus began as a personal care provider in 1979. This is down from 51.6%

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Hospice News

SEPTEMBER 30, 2022

The state of hospice and palliative care markets. In 2021, hospice was a $23 billion industry that made up roughly 20% of the overall U.S. health care market, according to a report that Bank of America (BofA) Global Research shared with Hospice News. Value-based reimbursement is giving the palliative care market a push.

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Hospice News

JANUARY 11, 2023

The new office will be home base for Queen City staff who provide care in the Brown County region and surrounding areas. The county had an overall population of roughly 44,000 in 2021, with seniors 65 and older representing 18.8%, according to the U.S. Demographics are driving up a need for serious illness and end-of-life care in Ohio.

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Hospice News

JULY 29, 2022

SCAN Group is executing a service diversification strategy designed to identify and address unmet needs of the California-based Medicare Advantage Organization’s beneficiaries. As of 2021, 67% of individual plans offered support related to meals, as well as 69% of special needs plans, according to the Kaiser Family Foundation. “For

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Hospice News

OCTOBER 4, 2022

Texas-headquartered Choice Health at Home has entered the personal care space with the acquisition of Instant Care of Arizona for an undisclosed sum. During 2021, Choice completed 10 transactions within the home health and hospice space. The transaction also gives Choice its first foothold in the Grand Canyon State.

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Hospice News

JANUARY 11, 2024

Fortis Health Fortis Health Rob Radics, CEO, Fortis Health Fortis offers home health, hospice, palliative and personal care services across its footprint. The company also operates Valeo Home Health and Hospice and Select Home Health, which Grant Avenue acquired in late 2020 and 2021, respectively. This is up from 16.4%

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Hospice News

OCTOBER 5, 2022

The state is one of three in which Addus offers its trifecta of business lines — personal care, home health and hospice. This acquisition is commensurate with our growth strategy to leverage our strong personal care presence and add clinical services.”. for an undisclosed sum.

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Hospice News

FEBRUARY 28, 2023

That path will divert more toward home health and personal care – and less in the direction of hospice – as 2023 progresses. days during the same period in 2021. “I Its personal care services reached $183.4 Addus’ more than 33,000 employees serve around 46,500 patients across roughly 200 locations nationwide.

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Hospice News

NOVEMBER 17, 2022

Under Kusserow, Amedisys also expanded its care continuum from home health and hospice to include palliative care, personal care, hospital-at-home and skilled-nursing-facility-at-home. million in Q3 2021. During his time leading the company, Amedisys’ market capitalization rose to more than $5.3

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Hospice News

APRIL 21, 2022

(NYSE: HUM) has signed a definitive agreement to sell a 60% stake in Kindred at Home’s (KAH) hospice and personal care business to the private equity firm Clayton, Dubilier & Rice (CDR) for $2.8 The company attributed this primarily to growth in its Medicare Advantage business and state contracts membership.

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Hospice News

OCTOBER 14, 2022

Texas-based Choice Health at Home’s recent purchase of Instant Care of Arizona is bursting with long-term growth potential. The deal marked Choice’s first steps into the Arizona market and made the company a stronger player in the private duty and personal care arenas. As of 2019, the U.S. By 2050, nearly 2.5

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Hospice News

JANUARY 19, 2024

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 data from the M&A advisory firm The Braff Group.

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Hospice News

JANUARY 19, 2023

billion in 2021, according to Fortune Business Insights. Also last year, Elara Caring and Oak Street Health (NYSE: OSH) formed an integrated care model designed at better addressing behavioral health needs among seniors.Texas-based Elara Caring offers hospice, palliative and personal care in addition to behavioral and home health.

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Hospice News

JULY 11, 2023

I have channeled my passion for working with underserved communities, beginning as a licensed social worker for a large hospital system, where I experienced firsthand the disparities in healthcare access and limitations in delivering whole-person care. What have your outcomes been so far?

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Hospice News

MARCH 20, 2023

.” – 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. Because most of the individuals accessing PACE are going to be Medicare and Medicaid beneficiaries.

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Hospice News

JULY 19, 2022

Two transactions demonstrate rising interest among payers in owning the home-based care assets that serve their beneficiaries. NYSE: HUM) in 2021 acquired 100% ownership of Kindred at Home from its former private equity partners Welsh, Carson, Anderson & Stowe and TPG Capital. Humana Inc. billion.

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Daily Nurse

AUGUST 7, 2023

“For example, an analysis by McKinsey & Co found that telehealth accounted for less than 1% of Medicare services before the onset of the pandemic, but by July of 2021, telehealth services accounted for about 13-17% of claims submitted to Medicare. However, there are some challenges to working in it.

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Hospice News

DECEMBER 12, 2022

In addition to acquisitions, LHC was involved in 30 out of the 69 joint ventures that completed in the hospice and home health space from 2014 to 2021, Kulik said. billion divestiture of a 60% stake in Kindred at Home’s hospice and personal care segments to the private equity firm Clayton, Dubilier & Rice. s (NYSE: HUM) $2.8

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Hospice News

DECEMBER 19, 2022

During late 2021 and 2022, the U.S. Centers for Medicare & Medicaid Services (CMS) developed new approaches for enforcing hospice regulations that will become effective on Jan. Centers for Medicare & Medicaid Services (CMS) developed new approaches for enforcing hospice regulations that will become effective on Jan.

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Hospice News

OCTOBER 19, 2022

“Like many other hospice and home health programs across the nation, as the national health care worker shortage continues and the cost of health care staff and other expenses skyrocket, we are finding it increasingly difficult to manage the rising costs of doing business.”. Personal care and social work referrals will also end.

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Hospice News

JULY 8, 2022

Centers for Medicare & Medicaid Services (CMS) to remain intact. These include 1135 waivers of certain hospice rules that permitted use of telehealth to fulfill requirements typically done in person, such as recertification by physicians and patient visits. A continued federally declared emergency allows flexibilities by the U.S.

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Nurse.com

APRIL 22, 2023

Marie Wilson, RN Communicating with professionals in various healthcare roles — such as personal care assistants, patient care technicians, and certified nursing assistants — was a necessity to ensure the latest information was available to anyone caring for patients. during 2021.

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AlayaCare

NOVEMBER 17, 2020

In light of what’s transpired, I give you four more important trends that I think will shape the home health care landscape in 2021. The lines between clinical and personal care are increasingly blurred and, along with the social determinants of health , will have an increasing impact on care delivery in our industry.

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