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4 Ways Hospices Are Pursuing Growth in 2023

Hospice News

Hospices are blazing trails toward growth, each provider with its own range of strategies. In 2023, the focus for many is to not only expand their core business but to spread further into the care continuum. By 2030, the hospice market’s total dollar value is expected to nearly double, reaching $64.7 billion, up from $34.5

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Congress Grills HHS on Hospice Program Integrity

Hospice News

Members of Congress are raising questions about the continued Medicare certification for new hospices in areas rife with fraud. Though he pledged more detailed responses at a later date, Becerra told lawmakers that CMS is certifying hospices in markets where there is a need identified in the community. “I Michelle Steel (R-Calif.)

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VITAS Expects Recruitment Gains to Spur 2023 Growth, Revenue

Hospice News

The majority of these hires were nurses, Westfall indicated. The company expects the program to bring in roughly 25 new health care workers each month in 2023 at an estimated cost of $40 million, which VITAS hopes to offset with increased volume as staffing gains drive up capacity. “We and home-based admissions also dipped 7.5%.

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Angela Hospice’s New Inpatient Facility; Hosparus Opens PACE Center

Hospice News

Angela Hospice’s New Senior Living Inpatient Facility Michigan-based Angela Hospice recently unveiled plans to open a new inpatient center at a senior living facility. Set to open this summer, the hospice facility will feature 15 patient beds at Lourdes Senior Community in Waterford, Michigan. The William B. and Janet B.

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U.S. Health Care Expenditures to Reach $7.1 Trillion by 2031; Hospice Spending to Double by 2032

Hospice News

The nation’s total health care spend is expected to swell by 5.4% 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% annually between 2022 and 2031, reaching $7.1

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CommCare Expands with Notre Dame Hospice, Home Health Acquisitions

Hospice News

Louisiana-based CommCare Corporation recently acquired Notre Dame Hospice and Notre Dame Home Health for an undisclosed sum. The archdiocese in August announced an agreement to exit from all affiliated senior care businesses, including the health system. It’s a good thing and it will happen.”. currently, according to the U.S.

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MA Beneficiaries More Likely than Fee-for-Service Patients to Enter Hospice from Community Setting

Hospice News

Medicare Advantage (MA) beneficiaries are more likely to enroll in hospice from a community setting than patients in traditional fee-for-service programs. million patients who elected hospice in the last 90 days of life during the years 2011, 2013, 2016 and 2018. As of 2023, nearly 31.5

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