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Legacy Acquires HomeCare Hospice

Hospice News

Legacy Hospice has acquired Mississippi-based HomeCare Hospice for an undisclosed sum. HomeCare Hospice operates four locations that cover most of its home state. The addition of HomeCare Hospice to our network will allow us to better serve our community and meet the growing needs of patients in need of compassionate end-of-life care.”

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Hospice Investors to Watch in 2024

Hospice News

Though the number of hospice M&A deals plummeted in 2023 compared to prior years, deals are still being made, and the industry may see a rebound in 2024. Transaction volume declined in the hospice and home-based care space in 2023, following the two record-breaking prior years. The company’s 2023 transactions contributed to a 24.3%

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How the 2023 Home Health Rule Could Change the Game in Hospice M&A

Hospice News

Uncertainty earlier this year around Medicare’s proposed 2023 home health payment rates led some stakeholders to expect a swerve towards hospice. Centers for Medicare & Medicaid Services (CMS) in August proposed a 4.2% aggregate cut in the home health base rate, reported Hospice News sister publication Home Health Care News.

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Hospices See Growth Opportunities with Physician Offices, Memory Care

Hospice News

Physician offices were identified among the most significant referral growth opportunities in 2024 by about 6% of 143 respondents to Hospice News’ 2024 Outlook Survey , conducted with Homecare Homebase. million seniors experienced Alzheimer’s or dementia-related diseases in 2023, a number projected to triple by 2060, reported the U.S.

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The Question of Palliative Care Sustainability

Hospice News

Both Medicare and managed care don’t reimburse appropriately to cover the cost of salaries and education in palliative care,” McInnes said. Roughly 16% of 143 provider respondents signaled their intention to start palliative care programs this year in the Hospice News’ 2024 Outlook Survey , conducted with Homecare Homebase.

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Going Forward, Hospice CEOs Must Be Well-Versed in Data Analysis

Hospice News

In negotiations with Medicare Advantage plans, for instance, hospice and palliative care providers will need to demonstrate their performance in terms of star ratings, other quality metrics and reduced hospitalizations. This includes performance on quality measures required by the U.S.

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The Public Hospice Companies Most Likely to Acquire in 2024

Hospice News

Based on 2023 earnings trends, The Pennant Group (NASDAQ: PNTG) and Addus HomeCare Cop. The Pennant Group acquired five Medicare hospice provider numbers during the past six months, which accelerated growth for its home-based care segment. Pennant on the hunt For Pennant, 2024 will likely see a continuation of recent activity.