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Hospices Embrace ‘Same-Day Pay’ to Boost Retention

Hospice News

With inflation and gas prices soaring, giving employees flexibility in receiving their wages has become vital, according to Jessica Lewis, executive director of human resources for Mississippi-based Singer River Health System. “We No matter their economic status, everyone is struggling with inflation right now.

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Value-Based Payment Models Driving Nonprofit Hospice Affiliations

Hospice News

Indeed, VBID represents the first time that hospices have had to compete based on price, according to Schramm. Even with this increase, conditions on the ground require more support: workforce costs are higher than ever; nurses and aides are scarce, and cost for supplies, drugs, gas, and other expenses are all inflated.”

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Hospice Providers, Industry Groups: CMS Should Increase 2024 Hospice Base Rate by Nearly 4%

Hospice News

The Consumer Price Index for All Urban Consumers (CPI-U) increased 4.9% “NHPCO heard from hospice providers throughout the country with concerns about the 2.8% year-over-year in April 2023. The post Hospice Providers, Industry Groups: CMS Should Increase 2024 Hospice Base Rate by Nearly 4% appeared first on Hospice News.

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Hospice Leaders ‘Shocked’ by Lackluster Proposed Payment Rule Amid Inflation, Wage Hikes

Hospice News

Also worrisome is the price of gasoline, which surged upwards following the Russian invasion of Ukraine. Retail gas prices rose 19.3% As of April, the rate of increase fell slightly to 8.3%, still close to a 40-year high, according to the U.S Department of Labor. Other CEOs have echoed these concerns. “We’re

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How Does the Workforce Shortage Affect Hospice M&A?

Hospice News

We have significant price increases. One of the key concerns for both hospices and the clinical workforce is the price of gasoline, which surged upwards following the Russian invasion of Ukraine. Retail gas prices rose 19.3% Some of the pressures — we do have inflation. Department of Labor.

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How Proposed Cuts to Home Health Payments Could Impact Hospice M&A

Hospice News

You can look at all the things that home health has been dealing with, and then you put wage inflation on top of it and gas prices,” Barbara Jacobsmeyer, CEO of Enhabit Home Health and Hospice (NYSE: EHAB), told Hospice News. “If “One of the biggest impacts that could happen is consolidation could continue to accelerate.

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Hospice, Home Health Nurses Unionize at Oregon’s St. Charles Health System

Hospice News

Moreover, they had not received annual wage increases for at least two years at that point, and their travel reimbursement remained the same, despite rising gas prices. . Nurses were starting to get frustrated, and their attempts to seek redress from the health system were less than fruitful, Iannucci indicated.