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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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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 VITAS saw nursing home admissions rise 9.4%

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CMS to Sunset Look-Alike Dual-Eligible Special Needs Plans in 2023

Hospice News

Centers for Medicare & Medicaid Services (CMS) in 2023 will phase out dual-eligibility special needs look-alike plans within Medicare Advantage. Some hospice patients rely on these plans for other health needs, such as nursing home costs. Of those, about 3.8

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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

Meanwhile, Medicare hospice spending is expected to more than double by 2032. The report, published today in Health Affairs , did not contain hospice-specific data. However, the annual Medicare Trustees Report for 2023 provides a more detailed look at hospice spending. 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. CommCare’s purchase of Notre Dame’s home health and hospice operations marks the transaction of this divestiture Its nursing home services are next in line as part of a separate deal set to close in 2023.

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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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