Hospice News

JANUARY 8, 2024

Private equity firms in the hospice space are adapting their “roll-up” strategies as economic uncertainties persist. Roll ups are a common approach to private equity investment. This occurs when a firm buys a larger platform company and then gradually acquires smaller organizations to foster growth.

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Hospice News

SEPTEMBER 11, 2024

That’s the Holy Grail, if you will, of the economic model,” Fleece said. Some ACOs will also pay bonuses to providers who realize additional cost savings, such as for medications, durable medical equipment or ancillary services, Fleece indicated.

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Hospice News

JULY 9, 2024

“HarmonyCares is well on this journey and actively manages our most vulnerable patients in an economic model where incentives are aligned.” ” The post Primary, Palliative Provider HarmonyCares Gains $200M Investment appeared first on Hospice News.

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Hospice News

OCTOBER 26, 2022

The Coronavirus Aid, Relief, and Economic Security (CARES) Act dedicated more than $2 trillion in economic relief during the COVID-19 pandemic. “As these cases demonstrate, we are unwavering in our determination to prosecute those who have defrauded relief programs meant to help struggling Americans during the pandemic.”.

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Hospice News

MAY 28, 2024

payment increase for hospices is insufficient in today’s economic climate, the National Hospice and Palliative Care Organization (NHPCO) indicated in comments on the 2025 proposed payment rule. The proposed 2.6% increase in the per diem base rate.

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Hospice News

FEBRUARY 7, 2024

The decision to affiliate was spurred by a range of economic factors, including intensified competition in HNCO’s service region, as well as a need to “stabilize and ultimately grow the organization,” according to a press release. In 2022, Western Reserve acquired Stein Hospice in Sandusky, Ohio.

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Hospice News

SEPTEMBER 18, 2024

What is really important to understand around the model of ACOs and the economics behind it is these benchmarks, which are essentially assigned to the patient population that’s in the ACO,” Fleece told Palliative Care News during the summit. These benchmarks are set regardless of skin color, sexual orientation or religion.

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Hospice News

AUGUST 1, 2024

A large aim of the transaction is to expand access to quality, comprehensive end-of-life care across a broader region in the state amid challenges such as rising competition and economic pressures. The affiliation marks an important step towards sustainable growth, according to Hospice of the Western Reserve President and CEO Bill Finn. “We

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Hospice News

JUNE 12, 2024

There’s tremendous value to patients and also tremendous economic value in palliative care. Julia Frydman, palliative care medical director at Thyme Care, said at the Home Health Care News Cap+Strat Conference. I think the question is how do you align incentives properly,” Frydman said. “In

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Hospice News

JULY 23, 2024

Though hospice reimbursement structures have seen incremental rises, these have been insufficient to combat the financial, economic and workforce pressures that providers are facing. But the path toward improvement will be a long journey, Dombi added. Providers will need far more than the 2.6%

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Hospice News

MARCH 7, 2023

The latest economic data have come in stronger than expected, which suggests that the ultimate level of interest rates is likely to be higher than previously anticipated.” rise within the coming weeks as new economic data comes out, including employment numbers. Senate Committee on Banking, Housing and Urban Affairs.

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Hospice News

DECEMBER 12, 2023

Economic patterns also reflect the growing presence of Medicare Advantage. Spending by Medicare, hospice’s principal payer, accounted for 21% of the total national expenditures, hitting $944.3 billion in 2022. Growth in Medicare spending also dropped to 5.9% in 2022, down from 7.2% the prior year. Fee-for-service expenditures dropped 1.9%

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Hospice News

APRIL 15, 2024

The density of clinicians is particularly low in rural areas and areas with higher social economic depression, suggesting disparities in access to palliative care specialists.” “Depending on the state where you live, there is going to be a very different number of board certified providers,” Chen said. according to Chen.

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Hospice News

JUNE 27, 2022

Social and economic factors like these drive 40% of health outcomes, according to the Better Medicare Alliance. Home-based palliative care could reduce societal health care costs by $103 billion within the next 20 years, the nonprofit economic research group Florida TaxWatch indicated in a 2019 report.

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Hospice News

AUGUST 16, 2024

hike in the 2025 final hospice payment rule is insufficient amid inflation, economic and wage pressures. Concern has mounted over lagging annual reimbursement increases. Providers and industry groups have indicated the 2.9%

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Hospice News

MARCH 2, 2023

Economic forces are also pushing up resale income, as inflation drives consumers to seek lower prices. We can’t attribute all of that to economic forces or rebounding from COVID, but I certainly think these are factors.” Some are now seeing those funds trend in positive directions as COVID’s impacts ease. There is some rebounding.

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Hospice News

NOVEMBER 16, 2022

a decade earlier, according to a report from the Florida Legislation Office of Economic and Demographic Research (EDR). For example, Hispanic seniors 65 and older made up 13.4% of the state’s overall population in 2010, a jump from 9.9%

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Hospice News

AUGUST 22, 2024

This came in tandem with rising wages , inflation and other economic factors.In This has also contributed to intensified competition in the labor market, as well as higher rates of both retirements and clinician burnout in recent years.

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Hospice News

MAY 15, 2023

The difficulty is understanding the external economic factors circulating around hospice M&A and balancing those with internal operating factors such as staffing, patient volumes and referral streams, Kulik explained.These combined factors create a “paradox” for determining hospice valuations, he said.

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Daily Nurse

NOVEMBER 27, 2023

Penner’s Economics and Financial Management for Nurses and Nurse Leaders This book is perfect for: Nurses and nurse leaders who want to learn fundamental economic and financial management skills to be successful in daily practice and career advancement.

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Hospice News

MARCH 20, 2024

It becomes a worry of sustainability if the economic impact is such that the programs getting started will fold because of a lack of reimbursement.” If passed, the bill could help improve quality outcomes and elevate awareness around palliative care services, Sexten said in a recent WiHPCA statement.

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Hospice News

APRIL 18, 2023

The forthcoming study will also seek data pertaining to medically-underserved populations, including those in rural and lower socio-economic communities and those of diverse races and gender. The three-year research project is funded through a $1.3 Nearly 2 million U.S.

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Hospice News

SEPTEMBER 2, 2022

Like most business sectors, health care has felt the aftershocks of global economic trends, such as rising inflation, supply chain disruption, and the continued effects of the COVID-19 pandemic and Russia’s invasion of Ukraine. Rising interest rates can have a dampening effect on company valuations.

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Hospice News

JUNE 1, 2023

MercyOne Shutters Hospice House in Iowa MercyOne has closed its Iowa-based hospice center due to economic headwinds. The health system will no longer offer inpatient services at the MercyOne Johnston Hospice Care facility, citing “post-pandemic economic issues” in recent local news.

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Hospice News

NOVEMBER 3, 2023

Hughes and co-author Erin Vernon, associate professor in the Department of Economic at Seattle University, identified more than 1,600 research articles on palliative care, 57 of which met the study’s inclusion criteria. “Sometimes the patient is involved, sometimes not.

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Hospice News

JULY 31, 2024

Understanding the risks and potential returns on technology investments will be key for hospices’ sustainability alongside rising demand, workforce and economic pressures and cybersecurity risks.

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Hospice News

DECEMBER 23, 2022

Acquiring a license generally requires less capital than purchasing an entrenched asset already in operation. License transactions are often favorable for smaller organizations that seek to expand, but may struggle to outbid a large strategic buyer or private equity firm.

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Hospice News

MAY 6, 2022

Effective the first of the year, 21 states increased their minimum wage in 2022, according to the Economic Policy Institute. Even without a multistate drive to raise pay home care aides, several states have already increased their standard minimum wage for all workers. This ranged from a 22-cent adjustment in Michigan to $1.50 in Virginia.

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Hospice News

NOVEMBER 12, 2023

That, alongside regulatory tailwinds and the economic case has created this opportunity to really accelerate how this care looks different. We [also] have a system that is very payment-specific in the care model.

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Hospice News

OCTOBER 2, 2024

Cost can be a barrier, with some patients having greater potential to afford psychedelic utilization compared to others with lower economic status, according Hanley-Kollar. This can result in high costs that are not covered by traditional palliative care payment avenues in the Medicaid and Medicare reimbursement system.

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Hospice News

APRIL 13, 2023

The Sherman Antitrust Act prohibits interference in trade and economic competition that attempt to monopolize any part of commerce areas, including health care. The Antitrust Division will be vigilant in protecting workers,” Assistant Attorney General Jonathan Kanter of the Justice Department’s Antitrust Division said in a statement.

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Hospice News

JULY 26, 2022

“Hospice care was a game changer for my family when we needed it, and yet, many people don’t know the extent of available hospice and palliative care resources, leaving them to feel alone during some of the hardest times and with increased economic hardship,” New York State Sen. That must change.”.

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Hospice News

JUNE 21, 2022

In addition to the benefits for patients and families, home-based palliative care could reduce societal health care costs by $103 billion nationwide within two decades, the nonprofit economic research group Florida TaxWatch reported in 2019.

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Diversity Nursing

APRIL 17, 2024

SDOH include factors such as: Economic Stability This includes factors like employment, income, debt, and socioeconomic status. It is essential to address economic inequalities and provide support systems to ensure all individuals have equal opportunities to lead healthy and fulfilling lives.

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Daily Nurse

SEPTEMBER 7, 2023

Challenges Facing Rural Hospitals Rural communities have experienced a sharp decline in economic output over the years. The primary reason for this is the pursuit of better economic opportunities. Healthcare services have not been excluded from this mass exodus from rural communities.

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Hospice News

SEPTEMBER 16, 2024

The post Global Collaboration Launches Culturally Inclusive Palliative Care Education Tool appeared first on Hospice News.

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Daily Nurse

SEPTEMBER 21, 2023

Bronson Ingram University Distinguished Professor of Economics and Health Policy. Led by international subject matter experts, the center’s scholarship will deepen society’s understanding of the causes of health-related inequalities, how they intersect, and how they affect population health.

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