A growing number of hospices are developing medical group practices, with home health and palliative care services representing the largest gaps for hospices to fill in terms of community-based services and meeting seriously ill population needs. Out of 1,200 hospice providers nationwide, more than a quarter (26%) indicated interest in developing a medical group practice […]
Individuals with serious mental illness (SMI) face an array of complicated barriers in accessing health care when they reach life’s final stages, leading to significant disparities. Inadequate collaboration among clinicians and lack of psychiatric-specific care are large contributing factors. Providing palliative care services can be a bridge for hospices to close gaps in care and […]
Hospices have contended with two agents of industry-wide change at the start of 2021: access to value-based payment models and a global pandemic. As hospices sought ways to balance the human touch with technology, they’ve refocused efforts around advance care planning, a key element of those value-based models. Those services are one more area in […]
Restricted access to patients during COVID-19 made for choppy waves last year for VITAS Healthcare, a subsidiary company of Chemed Corp. (NYSE: CHE), but the company anticipates normalization on the horizon in a post-pandemic landscape. The pandemic’s turbulent tides have continued to disrupt the overall health care system, but signs of recovery are starting to […]
A robust hospice mergers and acquisitions market is showing no signs of slumping as interest among strategic buyers and private equity investors ramps up. A provider’s performance within evolving value-based payment models may become a factor that potential buyers consider when eyeing a hospice acquisition, particularly as it pertains to their quality and outcomes data. […]
Investors recently poured $25 million into a start-up durable medical equipment (DME) provider, Tomorrow Health. Primarily serving the home-based market, the company’s reach includes hospice and palliative care providers, even as DME demand is anticipated to climb. Based in New York City, Tomorrow Health uses a data-driven platform to connect DME suppliers with payors and […]
Hospice providers have remained on high alert as regulators increasingly hone in on the industry. While regulatory enforcement activity temporarily stalled last year due to the coronavirus pandemic, audits have since resumed. These events can be expensive and time consuming for providers. Complete and accurate documentation will be key for hospices to ward off and […]
Primary Care First is on its way to opening doors for hospice providers to reach patients and their families further upstream in their health care trajectories. While the implementation of some aspects of the initiative have been delayed, the application period for the program’s second year is underway. Tracking patient outcomes through data and workflow […]
Traditions Health, LLC, has named David Klementz as its new president and CEO. Klementz is transitioning into the role this month after more than 15 years at Encompass Health (NYSE: EHC), where he served as chief strategy officer. Klementz will succeed Bryan Wolfe, co-founder of Traditions Health, who has led the company for the last […]
Leveraging technology during the coronavirus pandemic has kept providers connected with patients and their families from a distance. Despite unknowns regarding the future of telehealth regulations, hospice providers expect those systems to yield the highest return on investment when it comes to technology. Nearly half of respondents (47%) of the 2021 Hospice Industry Outlook Report […]
