Hospice News

JANUARY 2, 2024

Entering agreements with management service organizations (MSOs) may be an alternate route to joint ventures, mergers and acquisitions for hospices seeking to build scale and sustainability than in today’s regulatory and financial climates. It’s] just a lot of scrutiny around traditional transactions and M&A.

Hospice 162

Hospice 2024 Medicare 2023 162

Hospice News

JANUARY 17, 2024

The letter highlighted the unique challenges that rural and frontier hospice and palliative care providers face, and how strengthened financial support could lead to sustainable access and better care transitions for serious and terminally ill rural-based patients.

Hospice 290

Hospice Palliative care 2008 End-of-life care 290

Hospice News

MAY 23, 2023

NASDAQ: PNTG) has appointed Lynette Walbom as chief financial officer effective May 22, 2023. The company has been on the hunt for a new CFO since its former top financial executive, Derek Bunker, stepped down at the end of last year. Prior to that, he was president and chief operating officer at Remita Health.

2022 246

2022 2020 Hospice 2023 246

Hospice News

JULY 20, 2023

Quality and cost data are important pieces to bring to negotiating tables with payers in value-based reimbursement, according to Joe Calcutt, CFO of Liberty Healthcare Management. If you really want to build relationships with managed care players, they need to understand you and you need to understand what they’re doing.

2030 241

2030 Medicare Hospice Presentation 241

Hospice News

OCTOBER 19, 2023

This has led to more hospitals, payers, large health systems and home health companies to make end-of-life and serious illness care a pillar of their growth strategies, according to Steven Yecies, managing partner at the private equity firm Kain Capital. Having hospice as a tool in that offering mix could provide advantages to managing risks.

2024 267

2024 Hospice Palliative care Palliate 267

Hospice News

DECEMBER 5, 2023

UnitedHealth Group is the largest operator of Medicare Advantage plans in the country. The Lafayette, Louisiana-based home health and hospice provider’s geographic reach spans 37 states and the District of Columbia and is now operating until Optum’s umbrella. “As Financial terms of all transactions were undisclosed.

2023 304

2023 Hospice Rehabilitation services Palliative care 304

Hospice News

MARCH 5, 2024

The forces driving some community-based palliative programs to shutter are two-pronged, related to financial and operational sustainability, according to Renee McInnes, CEO of NVNA & Hospice. Both Medicare and managed care don’t reimburse appropriately to cover the cost of salaries and education in palliative care,” McInnes said.

Palliative care 243

Palliative care Palliate Homecare Chaplain 243

Hospice News

JUNE 12, 2023

Walborn came to Pennant from Raising Cane’s Restaurants, LLC, where she was vice president of financial reporting and tax, overseeing acquisitions, accounting systems and equity management. In this model, relationships between local operators and corporate leadership is crucial and a key focus of Walborn’s early days with the company.

Definition 246

Definition Hospice Information 246

Hospice News

JANUARY 23, 2024

This centralization was designed to ensure consistency in its grief care operations and to ensure comparable quality across the company’s national footprint, Yelena Zatulovsky, vice-president of patient experience for AccentCare, said at the Home Care 100 Conference in Scottsdale, Arizona.

Bereavement 264

Bereavement Grief Social worker Palliative care 264

Hospice News

AUGUST 23, 2023

A TMA is an agreement between a parent company and a new spinoff entity, typically for financial reporting purposes. The Enhabit board and management team are aligned in their belief that the best way to enhance value for stockholders is to comprehensively review the Company’s strategic alternatives, including a potential sale of Enhabit.

Medicare 245

Medicare 2021 Hospice Nursing 245

AlayaCare

JUNE 19, 2023

Revenue Cycle Management (RCM) is a crucial aspect of managing home care agencies, as it directly affects financial sustainability and the ability to provide high-quality patient care. However, home care agencies face numerous challenges in RCM that can impact their financial stability and ability to provide high-quality care.

Home care agency 130

Home care agency Demo Home care Caregiver 130

Hospice News

SEPTEMBER 5, 2023

Ginn will continue in his role as acting chief operating officer, executive vice president and chief financial officer and principal financial officer and will no longer serve as the company’s principal accounting officer,” Ashwort stated in the filing. “In In connection with Ms. Guidroz’s appointment, Scott G.

Hospice 282

Hospice 2018 Medical director Palliative care 282

Hospice News

AUGUST 24, 2023

Increased hospice oversight aimed at curbing fraud in the industry could come with a mixed bag of financial and operational impacts for providers. In some instances, multiple hospices have been operating out of the same address without a corresponding increase in the population of eligible patients.

Hospice 246

Hospice Document 2012 2016 246

Hospice News

OCTOBER 5, 2023

NYSE: EHAB) must be put up for sale, according to a letter from minority investor AREX Capital Management to the home health and hospice company’s board. Dallas-based Enhabit operates 255 home health locations and 108 hospice locations in 34 states. Enhabit Inc. AREX owns about 4.7% of Enhabit’s shares. year-over-year to $262.3

Document 275

Document Medicare Hospice 275

Hospice News

AUGUST 1, 2023

Tennessee Quality Care is a portfolio company of American Health Partners, which operates companies in the home health and hospice; long term care, senior living and rehabilitation industries, as well as behavioral health care. Allison attributed the decline primarily to the return of Medicare sequestration.

Homecare 244

Homecare 2030 2017 Long-term care 244

Hospice News

JUNE 2, 2023

Close to half of community-based palliative care programs are operated by hospice agencies and 7% are operated by home health operators, according to 2019 data from the Center to Advance Palliative Care and Palliative Care Quality Collaborative data. At that point in time, it can be much more financially viable.”

Palliative care 243

Palliative care Palliate Medicare 2019 243

Hospice News

DECEMBER 11, 2023

Afshar moved on to pursue “other opportunities,” and his departure was not a result of any disagreements with Aveanna management, policies or practices, the company indicated in a press release. “I I am pleased to announce the promotion of Matt to the chief financial officer position. million, up 7.9% year over year.

Healthcare 130

Healthcare 2016 2024 2022 130

Hospice News

FEBRUARY 26, 2024

Hospice operators in 2024 are navigating a rapidly transforming environment. And even those improvements can come with hefty financial costs , including rising wages, tech investments, larger benefits packages and bonus programs. They could also face financial penalties or expulsion from the Medicare program.

2024 289

2024 Hospice 2030 2023 289

Hospice News

DECEMBER 8, 2023

The Texas-based company developed its Hospice Cloud Pro technology platform to facilitate consolidated equipment ordering and provide clients with data on utilization, cost trends, and network management for reporting and analytics. “We Hospice Source operates 62 locations across multiple states.

Hospice 235

Hospice 2020 Medicare Healthcare 235

Hospice News

AUGUST 25, 2022

Combing through a hospice’s referral streams and financial or claims data can help identify potential compliance issues. Buyers want to make deals that won’t put them at legal or financial risk. We’re going to ask tough questions and drill into hidden secrets in your financial statements,” said Kulik at the NAHC conference.

Hospice 311

Hospice Medical director Medicare Assisted living 311

AlayaCare

APRIL 26, 2023

Managing home care delivery can be a complex process; agencies rely heavily on software to manage their daily operations, which include scheduling appointments, tracking visits, managing client information, billing and invoicing, and more.

Home care 243

Home care Homecare Webinar 2021 243

Hospice News

FEBRUARY 27, 2024

Integration key to success Tiffany Hughes, chief operating officer of Texas-based PalliCare, found that the secret to a successful palliative care model is creating a continuum of care between home health and hospice for patients within the last 18 to 24 months of life.

Palliative care 259

Palliative care Palliate Social worker Care coordination 259

Hospice News

MARCH 8, 2023

He will also help to drive VITAS’ growth, accelerate positive financial trends and ensure compliance. A licensed CPA in Georgia and Florida, Fernandez has more than two decades of experience in financial, administrative and leadership roles across the health care industry.

2006 248

2006 2012 2014 Social worker 248

Hospice News

NOVEMBER 27, 2023

In this Voices interview, Hospice News sits down with Erica Gregory, SVP and GM of Revenue Cycle Management, Netsmart, to discuss how back office automation powers an efficient revenue cycle and the ways that automation can address trends that hospice care professionals are witnessing. This article is sponsored by Netsmart.

Article 288

Article Information Hospice Hospice care 288

Hospice News

NOVEMBER 9, 2023

Clinically we’re strong, financially we’re strong, and we are disciplined to grow this business,” Aveanna CEO Jeff Shaner said in Thursday’s earnings call. Financial results for home health and hospice improved during the third quarter compared to the Q2, during which revenues dipped 15.8% million, a 6.3% year-over-year increase.

Hospice 269

Hospice 2022 In-home health Healthcare 269

Hospice News

JANUARY 8, 2024

Dallas-headquartered AccentCare has tapped Saurabh Gupta as its new chief financial officer. Saurabh is a highly regarded leader in the health care space with a strong track record of driving financial strength and business innovation,” AccentCare CEO Laura Tortorella said in a statement.

Palliative care 147

Palliative care 2022 Palliate Care at home 147

Hospice News

MARCH 30, 2023

“Even our hospice home patients that are receiving services at home will be eligible to come in if they need short-term, acute symptom management,” Hoerner said. “We But as some inpatient doors open, others have closed under heavy financial and operational weights around labor issues. Chemed Corp.

Hospice 234

Hospice 2021 Palliative care Palliate 234

Hospice News

NOVEMBER 8, 2023

A minority investor, AREX Capital Management, which owns about 4.7% Enhabit has since begun a strategic alternatives review process, which included a review of the company’s financial reports in assessing whether it has satisfied conditions of its Tax Matters Agreement (TMA) with Encompass following the spinoff.

2024 261

2024 Medicare Home health nurse Hospice companies 261

Hospice News

MAY 19, 2023

Providers walk a tightrope when it comes to ensuring that their palliative care services are financially sustainable, according to Lynn Spragens, founder and partner of Spragens & Gualtieri-Reed, a North Carolina-based health care consulting company. It’s hard for business leaders in the operational throes of things to think about.

Palliative care 238

Palliative care Palliate Medicare Palliative nursing 238

Hospice News

SEPTEMBER 13, 2023

A range of factors are transforming the environment in which home-based care providers operate, including hospices. You wouldn’t go all in on one investment asset; you’d be thinking about managing risk across multiple. Think about it like an investment portfolio,” Johnston told Hospice News.

Hospice 286

Hospice Hospice care Nursing 286

Hospice News

SEPTEMBER 22, 2023

Operators can come to ACOs by two main avenues. The company not only operates its own ACO, but has become a member of the managed services organization (MSO) Empassion Health, which launched in early 2022. It also operates three regional ACOs in the Midwest, the Northeast and the South. CMS launched ACO REACH on Jan.

Palliative care 254

Palliative care Palliate Medicare Webinar 254

Hospice News

OCTOBER 31, 2023

We continue to see strong cash flow from operations as our states and other payers have continued to pay in a timely manner. Our loan leverage gives us the financial flexibility to be opportunistic, as we anticipate seeing additional acquisition opportunities coming to market over the next several quarters.”

Homecare 257

Homecare 2024 2023 2022 257

Hospice News

AUGUST 4, 2023

HHCJ received Medicare certification in 2006 and was operated by Catholic Community Services prior to its closure. Bartlett Regional Hospital will operate its former office location in Juneau, Alaska, which will serve as a hub for hospice employees providing home-based services in the area. He will be incredibly difficult to replace.”

Hospice 246

Hospice 2006 Bathing Bereavement 246

Hospice News

MAY 14, 2024

Both partners will contribute strategic guidance to the program, with Big Bend managing the operations, business development and clinical services. Together, the partners can provide a broader range of integrated home-based services, including physical therapy, chronic disease management and hospice care.

Palliative care 130

Palliative care Palliate Hospice Healthcare 130

Hospice News

JANUARY 18, 2024

But financial obstacles exist when it comes to expanding and diversifying the breadth of caregiving resources in serious illness and end-of-life care. For hospice providers, it’s first knowing whether you can apply, then whether you have the staffing and care management resources and access to respites services.”

Caregiver 267

Caregiver Caretaker Medicare Grief 267

Hospice News

SEPTEMBER 20, 2023

. “Laura has one of the sharpest analytical and entrepreneurial mindsets in the field and has spent her entire career building highly functioning teams that are committed to culture, performance, accountability and collaboration,” Carmine Petrone, managing director at Advent International, said in a press release.

Medicare 264

Medicare 2020 2021 Hospice 264

AlayaCare

JUNE 27, 2023

Electronic Health Records (EHR) have emerged as a game-changer, streamlining operations and improving client outcomes. In this blog, we explore how EHR systems can empower home care agencies, unleashing a wave of operational efficiency and enhancing the quality of care provided to clients in the comfort of their homes.

Home care agency 237

Home care agency Home care Document Care coordination 237