Hospice News

SEPTEMBER 12, 2023

Medicare Advantage organization SCAN Group has invested an undisclosed dollar amount in tech-enabled hospice startup Guaranteed. The move comes nearly a year after California-based Guaranteed launched in August 2022, when founder and CEO Jessica McGlory began her own provider company two years after her father passed away.

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Hospice News

SEPTEMBER 29, 2023

A federal judge has sentenced Jesus Virlar-Cadena, formerly a medical director for the Texas-based hospice company Merida Group, to 50 months in prison for his role in a $152 million scheme. Several co-conspirators were also convicted, including the company’s owner, Rodney Mesquias, and CEO Henry McInnis.

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Hospice News

JANUARY 31, 2024

The Texas-based home health and hospice company VitalCaring Group was built largely through acquisitions, and the company expects to step up that strategy in 2024 with an emphasis on hospice. The company, which also offers pediatric and companion care, has also opened a few de novos and has more planned for this year.

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Hospice News

APRIL 6, 2023

Two hospice fraud cases are moving forward in California and Arizona, states that some stakeholders consider to be potential hotbeds of malfeasance in the space. False Claims Act violations in California San Gabriel Hospice & Palliative Care submitted roughly $3.67 million in false and fraudulent claims to Medicare, of which $3.18

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Hospice News

MARCH 8, 2024

Variations in hospice certificate of need (CON) state laws are raising program integrity concerns. What ends up happening in states without CON is actually lower hospice utilization with way too many hospices in one service area, and often fragmented care without all four levels of hospice offered,” Ponder-Stansel told Hospice News.

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Hospice News

OCTOBER 12, 2022

Hospices and Accountable Care Organizations have the ability to customize payment contracts within the Realizing Equity, Access and Community Health (ACO REACH) program. Centers for Medicare & Medicaid Services (CMS) is replacing the Global and Professional Direct Contracting (GPDC) model with ACO REACH. Effective Jan.

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Hospice News

OCTOBER 26, 2022

Justice Department has indicted three individuals who are linked to California hospices on alleged False Claims Act violations, among other charges. Karen Sarkisyan, Gayk Akhsharumov, and Babken Chalkadryan, of San Gabriel Hospice & Palliative Care and Broadway Hospice were each charged in the U.S

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Hospice News

MARCH 1, 2024

In case you missed it, Hospice News has launched a new specialty publication for palliative care professionals. Frontpoint Health has completed its acquisition of the Texas-based home health and hospice company High Plains Senior Care Group (HPSC). You can subscribe to Palliative Care News here: Subscribe today!

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Hospice News

JUNE 22, 2023

Recent allegations that staff at HCA Healthcare (NYSE: HCA) put pressure on patients to enter hospice dovetail with longstanding questions over how and when patients should be referred. SEIU benchmarked HCA’s hospice transfer rates against national data. million Medicare beneficiaries elected the benefit in 2021, up from 1.43

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Hospice News

SEPTEMBER 1, 2023

New rules for changes in hospice ownership are likely to slow down or kill some mergers and acquisitions, according to Ari Markenson, partner at the law firm Venable LLP. Another recently proposed rule would require anyone who holds 5% ownership or more in a hospice must submit to a criminal background check, including fingerprints.

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Hospice News

FEBRUARY 14, 2023

Offering hospice can be a gamechanger for skilled nursing and assisted living operators looking to stand out from competitors and improve patient reach. Home-based care, including hospice, has become an increasingly attractive space for facility-based health care providers of all walks. Among the 1.6

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Hospice News

SEPTEMBER 7, 2022

Some hospice company leaders have signaled the labor market may be showing signs of stabilization. This is of particular significance for hospices that also provide palliative care, home health, or other upstream services.

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Hospice News

DECEMBER 13, 2022

Most hospices are sliding into 2023 between a rock and a hard place, beset by headwinds, labor shortages and questions with no easy answers. Government oversight of hospice providers will tighten during 2023. Hospices have faced ever-intensifying scrutiny from regulators in recent years. Be ready for regulation.

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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. A fifth, the rising number of new hospices in certain states, has emerged as a priority in recent weeks. These metrics are key to understanding what hospices experienced this year.

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Hospice News

NOVEMBER 8, 2023

(NYSE: EHAB) is continuing to mull over a potential sale, with executives providing few details as the company determines its next steps. The Dallas-based home health and hospice company has been digging into a strategic review process since August that could result in a possible sale or merger of some or all of its assets. “As

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Hospice News

JULY 19, 2022

For better or worse, the growing presence of large insurance companies in the hospice and home health provider space could be transformative for the industry. hospice company by market share and the leader of a growing for-profit provider based in the Midwest. Hospice leaders have to remember why we are here.

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Hospice News

MARCH 20, 2023

Hospices are blazing trails toward growth, each provider with its own range of strategies. Regardless of providers’ disparate methods, hospice remains a high-growth industry, expanding at an annual rate of 7% to 8% annually, Bank of America (BofA) Global Research reported in TKTK. Hospice News edited comments for length and clarity.

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Hospice News

NOVEMBER 29, 2022

Also on the table is the question of how to meet the needs of Medicare beneficiaries who increasingly seek to receive care in their homes, according to Center for Medicare & Medicaid Innovation (CMMI) Director Elizabeth Fowler. “In Going forward, this could mean greater collaboration with private-sector payers and providers. .

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Hospice News

AUGUST 22, 2022

Rumors that the company would come up for sale began circulating earlier this month following reports from the Wall Street Journal, which also reported that Amazon was in the running as a buyer. None of the companies are commenting to the media about a potential sale or bids.

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Hospice News

JUNE 26, 2023

The contract between those two companies contained a “Superior Proposal Clause” that enabled the home health and hospice provider to pull out if they received a better offer. Another factor is the rising tide of Medicare Advantage, particularly on the home health side. Billion Transaction appeared first on Hospice News.

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Hospice News

JUNE 16, 2022

More hospitals and health systems are stepping into the home-based hospice space, often seeing joint ventures as a promising route to a return on their investment. You’re seeing different types of transactions taking place in hospice and home health,” Mark Kulik, managing director at M&A advisory firm The Braff Group, told Hospice News.

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Hospice News

SEPTEMBER 16, 2022

Lauren O’Dwyer, CFO at Anvoi Hospice and Anvoi Management, LLC, has been named a 2022 Future Leader by Hospice News. The program is designed to recognize up-and-coming industry members who are shaping the next decade of senior housing, skilled nursing, home health, and hospice care. What drew you to the hospice industry?

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Hospice News

OCTOBER 19, 2022

Jay Duty, the newly appointed senior vice president and chief corporate development officer of Enhabit Home Health and Hospice (NYSE: EHAB), is spearheading the company’s ambitions for growth, including acquisitions and de novos. Earlier this month, it acquired Caring Hearts Hospice in Texas for an undisclosed amount. .

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Hospice News

NOVEMBER 14, 2022

Labor shortages and other headwinds have battered hospices during 2022, including large companies. This year brought the return of Medicare sequestration, and pandemic-driven disruption in referral streams are lingering. This includes the home health and hospice provider Amedisys (NASDAQ: AMED). “On The company saw a 10.6%

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Shining Light Hospice

APRIL 3, 2021

Deciding to begin hospice care can be hard. However, Shining light hospice care can help you, your family, and even your doctor. Of course, many patients are unsure how to speak with their doctor about hospice care. Of course, many patients are unsure how to speak with their doctor about hospice care. That’s incorrect.

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Hospice News

DECEMBER 12, 2022

Though hospice deal volume dipped in 2022 compared to previous years, five particular transactions could paint a larger picture of where investors see value in the space. These interesting, unusual or groundbreaking deals could signal what’s to come in 2023 and help shape the hospice market’s long-term future. This was Humana Inc.’s

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Hospice News

DECEMBER 19, 2022

In 2022, the hospice community laid the groundwork for a transformational 2023. Centers for Medicare & Medicaid Services (CMS) developed new approaches for enforcing hospice regulations that will become effective on Jan. The following are the most-read Hospice News articles of 2022. #1

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Hospice News

JANUARY 19, 2023

Four national hospice and senior care industry groups have called on Congress and the U.S. Centers for Medicare & Medicaid Services (CMS) to make regulatory and legislative changes to instill stronger program integrity safeguards. A lot of eyes are looking at hospice at this point in time.

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Hospice News

APRIL 19, 2023

De novos have propelled recent growth among some hospice providers. Hospice of the Midwest expands with de novo Hospice of the Midwest recently opened a de novo in Marshalltown, Iowa, adding a fifth location to its footprint in the state. The hospice provider also has two locations in Minnesota and one in Nebraska.

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Hospice News

JUNE 23, 2022

Private equity firms are pouring investment dollars into hospices at a record pace. Despite a cool down in the hospice mergers and acquisitions market during the first quarter of 2022, private equity firms have stayed aggressive on deals. Private equity investors are likely to stay bullish on hospice.

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NHPCO

JANUARY 19, 2023

The 34 recommendations are grouped into 11 core issue areas; five key points are listed below: Limit enrollment of new providers with a targeted moratorium on new hospices: Use existing CMS moratorium authority to limit enrollment of new hospice providers in counties with troubling rates of explosive licensure and Medicare certification growth.

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