The four largest hospice industry organizations are urging congressional lawmakers to mandate changes to the Special Focus Program (SFP) currently set to begin in 2024. The U.S. Centers for Medicare & Medicaid Services (CMS) last week issued its 2024 home health payment rule, which contained several hospice provisions. Among them was the Jan. 1 implementation […]
The bereavement care tech company Betterleave has secured $2.4 million in a funding round led by Chingona Ventures. Austin-based Betterleave Bereavement launched as a venture capital-backed startup in March 2022. The company’s bereavement care platform is designed as a benefit that companies can offer their employees who have lost a loved one, a pregnancy or […]
The U.S. Senate Finance Committee is holding a markup meeting today on a bill that would, among other provisions, reallocate close to $1 billion hospice dollars to other programs. When it comes to legislation, a few words can make a big difference. A couple of sentences in a 120-page set of amendments to the Social […]
The Pennant Group (NASDAQ: PNTG) acquired five Medicare hospice provider numbers during the past six months, which accelerated growth for its home-based care segment. These deals expanded the home health, hospice and senior living company’s presence in California, Arizona, Oklahoma and Texas and include a mix of existing operations as well as license purchases. “We […]
The earlier a patient receives palliative care, the larger the return on investment, an analysis by the Pennsylvania-based health system WellSpan Health has found. Palliative care is often viewed as a cost center in health care, rather than a revenue generator. Beginning in 2018, WellSpan began to test that theory by examining financial metrics associated […]
Allowing patients to receive concurrent hospice and curative care reduces health care costs and improves quality. The U.S. Centers for Medicare & Medicaid Services (CMS) has released its fifth and final report on the Medicare Care Choices Model (MCCM), which studied the effects of allowing individuals to receive hospice care without foregoing other treatments. The […]
VITAS Healthcare, a subsidiary of of Chemed Corp. (NYSE: CHE), has brought up from its ranks three new executive leaders. Meanwhile, its parent company Chemed has named a new CFO. As of 2020, Miami-based VITAS is the nation’s largest hospice provider by market share, operating 50 locations in 14 states. Through the third quarter of […]
As hospices prepare for Medicare Advantage, more nonprofits are finding that creating partnerships or entering affiliations will better position themselves for payer negotiations. Nonprofit hospice affiliations have surged in 2022 and 2023. This is in addition to the creation of several regional collaborative networks and the formation of new Accountable Care Organizations (ACOs). The gradual […]
Standardized interdisciplinary team meetings, volunteer involvement and early intervention are among the beneficial components of community-based palliative care, a new study has found. Worldwide, providers that leverage these strategies, along with robust clinician and public education programs, achieve better outcomes, including more deaths occurring in the home, reduced hospitalizations and improved patient and family satisfaction, […]
In recent years Rep. Earl Blumenauer (D-Oregon) has emerged as a champion for hospice policy and reform, but he will not seek re-election to Congress in 2024. The Portland, Oregon native was first elected to Congress 27 years ago and later gained a seat on the influential Ways and Means Committee in the U.S. House […]
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