Hospice News

APRIL 15, 2024

Though the Medicare Advantage hospice carve-in is going away at the end of this year, those operators still have a role to play in value-based care. The carve-in, formally known as the hospice component of the value-based insurance design model (VBID), will expire on Dec. Hospice care saves Medicare roughly $3.5

Hospice 207

Hospice Palliative care 2030 Medicare 207

Hospice News

DECEMBER 1, 2023

Wages for hospice clinicians continue to go up amid widespread staff shortages, but they grew at a slower rate in 2023 compared to the prior year. Turnover rates for RNs decreased to 25.53% in 2023, from 29.15% in 2022; LPN turnover was 29.97% in 2023, compared to 31.52% in 2022; HCAs dropped slightly from 29.84% in 2022 to 28.18% in 2023.”

Hospice 213

Hospice Social worker 2023 Chaplain 213

Hospice News

JUNE 15, 2022

Aging Media Network (AMN) is proud to announce the Frontline Honors Class of 2022. In the face of labor shortages, burnout and in-person restrictions, frontline care workers have kept the senior living and care industries in motion, providing a stable foundation for recovery.” Croix Hospice.

2022 225

2022 Registered Nurse Palliative care Palliate 225

Hospice News

NOVEMBER 4, 2022

With 15 de novos under its belt thus far in 2022, Caring Brands International (CBI) subsidiary Interim HealthCare Inc. The company provides care to roughly 173,000 patients annually. Interim has been on a growth trajectory in the hospice space. The company has completed three acquisitions thus far in 2022.

2022 204

2022 Healthcare Hospice Home care 204

Hospice News

MARCH 6, 2024

A new legislative package winding its way through Congress could re-allocate hospice funds to other programs. If enacted, it would make adjustments to the hospice payment cap for 2033 that would free up $927 million. The nation’s four largest hospice industry groups have voice opposition to these provisions. for next year.

Hospice 264

Hospice 2014 Medicare 2024 264

Hospice News

FEBRUARY 26, 2024

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.

2024 259

2024 Hospice 2030 2023 259

Hospice News

FEBRUARY 23, 2024

Rising wages, reimbursement pressures and immigration policies are fueling high turnover rates for hospice and personal care aides. It is rare to find individuals who perceive personal care as a career choice, or path. We were able to not just grow [but also] strengthen this workforce,” Klein told Hospice News.

Hospice aide 253

Hospice aide Hospice Personal care Home healthcare 253

Hospice News

APRIL 8, 2024

HopeHealth has been growing its pediatric hospice and supportive care service lines in recent years to address a range of unmet needs among seriously ill children and their families. HopeHealth provides home care, hospice, palliative and dementia care, as well as caregiver and grief support services.

Palliate 263

Palliate Hospice Grief Chaplain 263

Hospice News

NOVEMBER 8, 2023

Senate Finance Committee is holding a markup meeting today on a bill that would, among other provisions, reallocate close to $1 billion hospice dollars to other programs. A couple of sentences in a 120-page set of amendments to the Social Security Act would make adjustments to the hospice payment cap for 2033 that would free up $927 million.

Hospice 286

Hospice 2014 2024 Medicare 286

Hospice News

JANUARY 10, 2024

Moving into 2024, more hospices see joint ventures or similar partnerships to be a major growth engine. Nearly half of 143 respondents to Hospice News’ 2024 Outlook Survey , conducted with Homecare Homebase, said that joint ventures and partnerships were the growth tactics they planned to pursue the most this year.

2024 257

2024 Hospice Homecare 2022 257

Hospice News

JUNE 14, 2023

The nation’s total health care spend is expected to swell by 5.4% annually between 2022 and 2031, reaching $7.1 Meanwhile, Medicare hospice spending is expected to more than double by 2032. Centers for Medicare & Medicaid Services (CMS) Office of the Actuary also project that health care expenditures will represent 19.6%

Medicare 218

Medicare Hospice 2022 2021 218

Hospice News

JANUARY 30, 2024

When deprescribing medications for hospice patients, providers have to navigate a complex web of factors. Medication costs are among hospices’ biggest expenses, and deprescribing some medications deemed “curative” or “unrelated” to the patient’s terminal diagnosis is a standard practice. “We Everything is based on cost.

Hospice 240

Hospice 2024 Medicare Medical director 240

Hospice News

OCTOBER 14, 2022

“[Arizona has] a fantastic state government, a Medicaid program that truly aims to support families with intermediaries that share that vision, and a demographic that needs our services,” Jackson told Hospice News in an email. Veterans programs and managed care organizations also have become more involved in the space.

Home care 171

Home care 2003 Rehabilitation services Housekeeping 171

Hospice News

JUNE 7, 2023

Hospice leaders and lawmakers are meeting on Capitol Hill today to address the pressing issue of program integrity, among other policy priorities. Thus far, California is the only state to take action on the issue, beginning with a moratorium on new hospice licenses and an extensive audit of California’s oversight processes.

Hospice 273

Hospice End-of-life care Medicare 2018 273

Hospice News

NOVEMBER 30, 2022

Wages for hospice aides and CNAs are rising faster than those for other interdisciplinary team members as providers seek to stem rampant turnover among those employees. There’s a shortage of hospice and palliative care trained physicians across the country.”. These nurses saw average national salary increases of 5.95% in 2022.

Social worker 231

Social worker Hospice Hospice aide Chaplain 231

Hospice News

AUGUST 15, 2022

Aging Media”) is pleased to announce the Future Leaders Class of 2022, showcasing the most promising talent in senior housing, skilled nursing, home health and hospice industries. This year’s Future Leaders Awards honorees are as follows: Hospice & Palliative Care. Home Health & Home Care.

2022 130

2022 Senior care Palliative care Senior home 130

Hospice News

APRIL 7, 2023

Centers for Medicare & Medicaid Services (CMS) is seeking answers from the hospice community — including some around utilization patterns and non-hospice spending. The recently proposed 2024 hospice payment rule contained a 2.8% In Fiscal Year 2022, routine home care accounted for 98.8% As many as 72.2%

Hospice 239

Hospice 2019 Medicare 2022 239

Hospice News

FEBRUARY 8, 2023

Hospice leaders would like to see some changes in the space this year, particularly around staffing, payer relationships and regulation. Hospice executives in December 2022 shared their predictions for what would happen in the space during 2023. The labor shortage is unsurprisingly a top concern. “We

Hospice 224

Hospice Demo Medicare 2023 224

Hospice News

MARCH 23, 2023

Centers for Medicare & Medicaid Services (CMS) is extending the value-based insurance design demonstration for calendar years 2025 to 2030, including the hospice component. The hospice component of VBID, also called the MA carve-in, launched in 2021 and was originally slated to complete after four years. It makes sense.

2030 286

2030 2025 Demo Hospice 286

Hospice News

MAY 24, 2023

When it comes to marketing a hospice or home health business, word of mouth among consumers may be more critical than many realize — generating as much as 36% of revenue. For the research, survey respondents were asked to select their top five revenue-generating sales and marketing sources in 2022.

Hospice 255

Hospice 2023 Assisted living 2022 255

Hospice News

MAY 31, 2023

Citing inflation and other headwinds, hospice providers and industry organizations are urging the U.S. This is the first of a series of Hospice News articles that will cover the industry’s response to the proposed rule. In public comments on the proposal, the National Hospice and Palliative Care Organization (NHPCO) called for a 3.7%

2024 237

2024 Hospice 2023 Article 237

Hospice News

FEBRUARY 10, 2023

Though investors and strategic buyers didn’t wade quite as deep into the hospice market in 2022 compared to years prior, the tide may be rising for M&A during 2023. Though hospice M&A activity fluctuated last year, volume is expected to rebound, but probably with larger numbers of smaller deals.

Hospice 177

Hospice 2021 2022 2020 177

Hospice News

DECEMBER 9, 2022

The hospice component of the value-based insurance design (VBID) model will begin its third year on Jan. Often called the MA hospice carve-in , the voluntary demonstration is designed to assess payer and provider performance related to hospice within Medicare Advantage (MA). Because say in three or four years.

2023 230

2023 Hospice Demo 2021 230

Hospice News

DECEMBER 13, 2023

VITAS Healthcare Expands Hospital-Based Inpatient Hospice Center Chemed Corp. NYSE: CHE) VITAS Healthcare recently expanded its inpatient hospice care unit at the Florida-based Broward Health Medical Center. Miami-based VITAS has provided community- and facility-based hospice care in the Broward County area since 1980.

Hospice care 247

Hospice care Hospice Bereavement Social worker 247

Hospice News

AUGUST 21, 2023

Centers for Medicare & Medicaid Services (CMS) forthcoming Special Focus Program (SFP) for hospices. CMS initially pitched the idea in 2022 but instead convened a Technical Expert Panel (TEP) to further guide development. Hospices flagged by the SFP would be surveyed every six months rather than the current three-year cycle.

2024 226

2024 Hospice Medicare 2019 226

Hospice News

JUNE 20, 2023

NASDAQ: PNTG) has acquired Idaho-based Bluebird Home Health, Bluebird Hospice and Bluebird Home Care for an undisclosed sum. Pennant has its sights on multiple potential transactions across its hospice, home health and senior living business lines, the company has indicated in earnings calls. Census Bureau.

Hospice 191

Hospice Palliative care 2020 Palliate 191

Hospice News

JANUARY 18, 2024

Helios Care is working to change the face of hospice in its update New York service region, with a new partnership with the Bassett Healthcare Network as a cornerstone of its strategy. Formerly known as Catskills Area Hospice and Palliative Care, the organization rebranded as Helios in 2019.

Hospice 223

Hospice Palliative care Medicare Palliate 223

Hospice News

AUGUST 31, 2023

Thus far in 2023, hospice merger and acquisition activity has deviated from prior years. The last five years saw record-breaking multiples in the hospice space and private equity-backed platform deals were among the most common types of transactions. billion , which closed at the end of 2022. A number of trends have shifted.

2023 237

2023 Hospice Homecare 2022 237

Hospice News

MARCH 1, 2023

NYSE: EHAB) will sustain and grow operations this year, particularly on the hospice side. We still have some staffing needs to get us where we need to be on the hospice front.” Enhabit has more than 100 hospice locations nationwide – and counting. Well, that’s not how it works for hospice. Acquisitions contributed $36.3

Hospice 217

Hospice 2022 Home care Healthcare 217

Hospice News

JANUARY 31, 2024

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.

2024 225

2024 Hospice 2021 Companion care 225

Hospice News

DECEMBER 8, 2023

Hospice providers will be looking to Congress in 2024 to address issues related to program integrity, quality improvement and industry-wide workforce pressures. As legislative efforts develop, hospices may want to focus their attention on a few key legislators. We don’t have confidence in the algorithm that they proposed.

2024 259

2024 Hospice Palliative care Medicare 259

Hospice News

FEBRUARY 15, 2023

Members of Congress are seeking answers from federal regulators on hospice program integrity as industry advocacy groups call for further action. Centers for Medicare & Medicaid Services (CMS), asking for the agency to brief them on fraud and abuse within the hospice benefit. Beth Van Duyne (R-Texas) and Earl Blumenauer (D-Ore.)

Hospice 270

Hospice Medicare 2018 End-of-life care 270

Hospice News

OCTOBER 24, 2023

(NASDAQ) awaits the outcome of its pending acquisition by Optum, the company showed only modest gains in its hospice segment. Both admissions and average daily hospice census were down in the third quarter of the year, 6% and 2%, respectively, compared to Q3 2022. million in Q3 2022. million in the prior year’s quarter.

Hospice 147

Hospice 2022 Palliate Palliative care 147

Hospice News

FEBRUARY 2, 2023

Alex Mauricio, president and chief strategy officer for Bristol Hospice, has taken the helm as CEO. Salt Lake City-based Bristol Hospice, a portfolio company of the private equity firm Webster Equity Partners, employs more than 3,000 staff in more than 76 locations across 18 states. Mauricio became CEO effective Feb.

2007 240

2007 Hospice 2017 2021 240

Hospice News

SEPTEMBER 22, 2023

The four largest hospice industry organizations have been working to present a united front to address widespread program integrity issues. A large contingent of these companies were established with the purpose of selling the license at a profit, with little concern for patient care.

Hospice 225

Hospice Medicare Chaplain Palliative care 225

Hospice News

MARCH 21, 2023

While compensation is an important factor for attracting and keeping staff, hospices need to consider other crucial aspects. Employee benefits, a career path, organizational culture and leadership engagement also weigh into workers’ decisions to join, stay or leave a hospice.

Hospice 199

Hospice 2022 2023 Hospice nursing 199

Hospice News

NOVEMBER 14, 2023

Investment trends in the hospice industry have meandered in recent years, impacting providers’ approaches to growth in 2024. The mix of hospice buyers has become more diverse during the past five years to include more private equity investors, large health and hospital systems and home health companies, along with payers.

2024 193

2024 Hospice Geriatrics Palliative care 193