Hospice News

MAY 12, 2022

Aveanna Healthcare (NASDAQ: AVAH) is seeing strong returns from its hospice and home health acquisitions while continuing to battle labor headwinds. Prior to December, we were averaging between two and 300 employees sidelined on any given day,” Aveanna CEO Tony Strange said in a Q1 earnings call.

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Hospice News

DECEMBER 21, 2022

Hospice leaders have kept their eyes on four key numbers as 2022 progressed: clinical capacity, length of stay, labor costs and utilization. When it came to providers’ ability to admit new patients, the link to the labor shortage could not have been more clear. These metrics are key to understanding what hospices experienced this year.

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Hospice News

JULY 22, 2022

The health system recently notified the Massachusetts Executive Office of Labor and Workforce Development of the impending closure and layoffs. The health system cited the rising costs and labor shortages among the reasons for its recent cutbacks. These services operate under the brand Trinity Health at Home. million.

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Hospice News

SEPTEMBER 16, 2022

Despite rising demand for their services, many hospices are seeing their margins nibbled away by inflation, fuel expenses and labor and supply costs. Top of mind for most providers are the industry wide labor pressures, according to Theresa Forster, vice president for hospice policy and programs at NAHC. Reimbursement vs. inflation.

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Hospice News

MAY 11, 2022

For the IRF business, an increased utilization of costly contract labor and travel nurses had been the chief concern throughout most of the public health emergency. Encompass Health’s leadership team believes the use of contract labor peaked in the first quarter. It wasn’t such a factor on home health and hospice.”.

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Hospice News

JULY 27, 2023

Despite the costs, the labor investments have generated increased clinical capacity, according to Chemed President and CEO Kevin MacNamara. Additionally, the company in Q2 saw modest sequential increases in median length of stay, at 16 days, up from 15 days in Q1. rise from the same period in 2022.

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Hospice News

FEBRUARY 16, 2023

Among the factors driving these changes are the labor shortage, the accompanying limits on clinical capacity, lengthening hospital stays, industry consolidation and the rising prominence of Medicare Advantage, he said. But on the journey towards growth, labor is the troll under the bridge. Change creates opportunity.” million to $562.0

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Hospice News

JULY 28, 2022

Launched on July 1, the company hopes this will relieve some of the labor pressures that have squeezed its operations during the past two years, Chemed and VITAS executives indicated. In addition to the staffing concerns, the company has been battling against drops in patient days of care, which dipped 3.8% this past quarter.

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Hospice News

NOVEMBER 8, 2023

The company attributed the decline in hospice revenue primarily to a drop in hospice patient days. The company projects a more “stabilized” hospice landscape heading into next year as a result of workforce gains and reduced labor costs, according to Jacobsmeyer. Average daily hospice census volumes reached 3,388, a 2.8%

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Hospice News

MARCH 30, 2023

While a number have been able to expand to address this need, others have had to shutter their inpatient programs due to labor pressures. One factor is that hospitalized patients often need additional inpatient care for a few days after electing the benefit, according to Kerry Hoerner, chief hospice officer at Empath Health.

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Hospice News

NOVEMBER 14, 2022

Labor shortages and other headwinds have battered hospices during 2022, including large companies. During Q3 in particular, several companies also saw the need to increase utilization of contract labor or reduce the number of patients served as a rising number of employees took time off to regroup. The company saw a 10.6%

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Hospice News

SEPTEMBER 5, 2024

“Based off our current census and mix, that’s about a $6 million tailwind for 2025 … As we continue to grow our census, we expect to be able to spread those out more, so our cost per day should be fairly stable, and we should be able to grow in regards to not having to add additional fixed costs in order to achieve that.”

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Hospice News

AUGUST 7, 2023

Meanwhile, many providers have leaner resources, having been hit with inflation, rising wages, lingering pandemic headwinds and the labor shortage itself. In May, those workers voted to launch a five-day strike in search of higher wages, more paid time off, improved health benefits and better staffing, Beckers Hospital Review reported.

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Hospice News

NOVEMBER 27, 2023

Erica Gregory: In my current role, a couple of ways I support our Netsmart clients is by guiding them through upcoming regulatory changes and helping them navigate the labor challenges affecting our industry. This experience taught me the importance of agility and the need to approach each day ready to tackle new challenges.

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Hospice News

JULY 1, 2022

With longstanding labor shortages reaching unprecedented levels, hospices are getting creative on recruitment and retention. The kitchen in the organization’s hospice house also began preparing lunch for staff during the early days of the pandemic and has decided to continue in the long term.

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Hospice News

JUNE 12, 2023

In this model, relationships between local operators and corporate leadership is crucial and a key focus of Walborn’s early days with the company. Labor is definitely one. As we do that, it will reduce turnover, which is a huge driver of labor costs. What are some of the major headwinds that Pennant is battling right now?

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Hospice News

AUGUST 2, 2022

Enhabit Home Health & Hospice (NYSE: EHAB) is running against the wind right out of the gates due to labor and capacity constraints — but remains poised for hospice acquisitions as the rest of this year unfolds. Salaries and benefits represented 60% of Enhabit’s cost-per-day in hospice during Q2, she detailed in the earnings call.

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Hospice News

NOVEMBER 8, 2022

The Pennant Group (NASDAQ: PNTG) expects emerging rebounds in skilled nursing and assisting living — and its pipeline of forthcoming acquisitions — to offset the impact of continuing labor headwinds. The company also saw the average length of stay for hospice patients fall by nine days in Q3. . sequentially. It’s pretty robust.”.

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Hospice News

AUGUST 22, 2022

As they work to recruit and retain their chaplain labor force, hospices are contending with a barrage of issues that also can impact patient access. A shrinking labor pool. These added responsibilities extended her work day by several hours and left her with little time away to recover, she stated.

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Hospice News

FEBRUARY 15, 2023

NYSE: EHAB) is seeing forward momentum on the workforce front as health care labor shortages persist nationwide. This includes the addition of Chief Human Resources Officer Tanya Marion to the company’s leadership team, more sophisticated data analytics for its labor pool and the introduction of a hospice-specific care management model.

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Hospice News

JULY 6, 2023

Labor headwinds are also taking a toll when it comes to transactions, according to Kevin Palamara, managing director at Provident. Some companies on the M&A market are getting letters of intent with a 90- to 120-day lead time, according to David Marks, a partner at Holland & Knight. This includes the $5.4

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Hospice News

JUNE 8, 2022

Addus has not been immune to the labor headwinds plaguing the industry. Hospice operators have relied on contract nursing to stay afloat during a time of worsening labor pressures, elevated turnover and rising demand for care. The company also saw sequential improvement in average daily census, median length of stay and patient days.

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Hospice News

JUNE 14, 2023

About 10,000 Americans become Medicare-eligible each day, according to the Kaiser Family Foundation. A significant factor in the anticipated hospital spending increase is rising labor costs, which have also been afflicting hospices and other providers in the continuum. by 2031, due to the growing senior population.

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Hospice News

DECEMBER 16, 2022

Some nurses had to cover more than 100 miles a day to visit 25 or more patients, Iannucci said. Bureau of Labor Statistics. After all, Robinson told Hospice News, with the costs and labor shortages that have been exacerbated by the pandemic, “doing more with less is a difficult reality the entire health care industry is facing.”. “The

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Hospice News

MARCH 15, 2024

Average lifetime length of stay increased close to three days in 2022, reaching 95.3. Median length of stay rose to 18 days in 2022, up from 17 days the prior year. MedPAC’s recommendation comes at a time when hospices are straining under the weight of inflation, rising labor costs and lingering pandemic headwinds.

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Hospice News

JULY 25, 2022

Family caregivers often miss days at work, average of 6.6 each year, for a total 126 million missed work days annually, according to the Family Care Giver Alliance. About 30% indicated that they had missed six or more days. it’s going to be a family member. It’s generally going to be a woman.”.

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Hospice News

JANUARY 27, 2025

With clinical rotations lasting six days each week, the expanded paid time off to recharge is deeply appreciated by resident physicians as an incredibly important part of their overall career longevity, Anderson stated. The post Kaiser Permanente Physicians Negotiate New Labor Agreement appeared first on Hospice News.

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Hospice News

DECEMBER 4, 2024

The move was made in response to feedback the agencies received from more than 38,000 comments and two days of public listening sessions. While this was the standard practice prior to the pandemic, current labor pressures could lead to delays in providing pharmacological hospice and palliative care, she stated.

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AlayaCare

AUGUST 8, 2022

Determine the best care worker to perform visits in the best order on the best days. Roughly 10,000 baby boomers turn 65 every day, some statistics suggest. Determines capacity, utilization and labor constraints (Overtime, Labor regulations). Reduce your agency’s carbon footprint through reduced travel.

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Hospice News

SEPTEMBER 24, 2022

Among hospices with an average length of patient stay between 41 and 60 days, around 82% yielded higher daily revenue. Those whose average stay was 40 days or less achieved a 29% positive profit ratio, while those with 81 days or more had 0% or negative profit ratios, according to BerryDunn. “If

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Hospice News

NOVEMBER 10, 2022

There are 10,000 Americans turning 65 every day. A difficult labor and inflationary environment have limited Aveanna’s progress on recruitment and retention, but the company remains optimistic about its ability to build up its clinical workforce, Shaner said.

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Hospice News

DECEMBER 2, 2022

Acquisitions have been on the menu since day one for Enhabit, which spun off from Encompass Health (NYSE: EHC) in July. The company in 2022 has struggled with labor headwinds and associated constraints on clinical capacity. (NYSE: EHAB) has acquired Southwest Florida Home Care, Inc.’s

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Hospice News

APRIL 3, 2024

Labor headwinds and inflation pressures brought some turbulence in Aveanna’s hospice and home health admissions and revenues, impacting growth in the segment in the last two years. New Day Healthcare Appoints EVP of Hospice Texas-based New Day Healthcare recently promoted Debbie Weber to senior executive vice president of hospice operations.

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Hospice News

OCTOBER 28, 2022

Since the company launched in 2020, Founder and CEO Alfonso Montiel had days when he feared Texas-based Silverstone Hospice would not survive. He also faced the labor shortage and the need to grow a referral network from the ground up. Nearly three years later, Silverstone has grown 700% with no signs of slowing down.

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Hospice News

JUNE 6, 2022

This not only contributes to hospices’ own labor shortages, but disrupts relationships with other providers. That just puts more stress in their day.”. One of the most damaging effects is higher turnover. Burnout causes a sizable contingent of physicians to leave their jobs and has only grown more prevalent during the pandemic.

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Hospice News

APRIL 28, 2023

Don’t wait for the day before it starts to get yourself ready for it,” Dombi told Hospice News. Don’t wait for the day before it starts to get yourself ready for it. A key example is the frequency of visits near the last days of life. This should be at “the top of the list,” Korte said. Case in point, Enhabit, Inc.

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Hospice News

MAY 23, 2022

With hospice providers reporting fewer staff in quarantine, many hope to reduce their utilization of temp nursing services — as well as the higher labor costs that come with them. COVID-19 cases have risen 52% during the past 14 days, according to New York Times data. But the reality won’t be that simple. Hospitalizations are up 31%.

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