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Nonprofit Hospices See Rebound in Thrift Store, Resale Revenue

Hospice News

After taking hits during the pandemic, nonprofit hospices are seeing supplemental revenue from resale thrift stores rebound. Many hospice organizations operate these stores to raise money for their programs. Several had to close these stores during the pandemic, losing valuable revenue sources for their under-funded services.

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Pennant Sees ‘Record-Breaking’ Hospice, Home Health Growth

Hospice News

Meanwhile, the Idaho-based home health, hospice and senior living provider is full-speed ahead on its same-store growth and acquisition plans, according to Pennant CEO Brent Guerisoli. “Q1 Pennant’s consolidated revenue reached $156.9 million during 2024’s first quarter, a 24.1% year-over-year increase.

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Hospice of the Foothills Rebrands With Eye on Access

Hospice News

Supported by its philanthropic arm Friends of Hospice, the organization also operates two thrift stores, dubbed as Foothills Gift & Thrift. Thrift store revenue is allocated to support its Sierra Community Palliative Care program and bereavement services as well as to fund caregiver grants.

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Innovation Keeps Hospice Philanthropy Afloat Despite COVID

Hospice News

Among them were the many organizations that operate thrift stores to raise money for their hospice. Many of these stores had to close during the pandemic, the National Hospice & Palliative Care Organization (NHPCO) wrote in a Nov. In one case, a provider was losing $100,000 for every month their store remained closed.

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Addus HomeCare to Accelerate Acquisition Activity

Hospice News

The company’s same-store hospice average daily census remained flat in Q3 compared to the prior year’s quarter, but it did increase sequentially by 1%. The company purchased Illinois-based hospice provider JourneyCare Inc. for $85 million in October that year and picked up Chicago-based Apple Home Health Ltd. over the prior year.

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Collaborate quickly and easily with AlayaCare Secure Messaging

AlayaCare

Data residency and control of client information – Information is stored in the regions where clients operate. Additionally, PHI and messages sent through Secure Messaging are stored for a set time frame allowing agencies access and control of their information. Learn more about the consequences of HIPAA compliance violation here.

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Addus HomeCare Expects 2024 Acquisitions

Hospice News

In addition to deals, Addus is seeing results when it comes to same-store hospice growth. “We Our hospice same-store revenue growth of 5.8% Our hospice same-store revenue growth of 5.8% We continue to see favorable admission trends as we have experienced three consecutive quarters of sequential same store admission growth.”

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