As the U.S. Centers for Medicare and Medicaid Services (CMS) pays closer attention to increasing rates of live discharges, hospice organizations are seeking ways to balance their mission to provide patient-centered care with their obligation to meet regulatory requirements. In 2015, U.S. hospice providers discharged 160,000 individuals before end-of-life, representing 16.7 percent of all hospice […]
Despite spending over $340 million on hospice acquisitions in 2018, Amedisys, Inc. (NASDAQ: AMED) says it plans to continue investing heavily even as multiples continue to be at record levels. “Capital deployment on hospice acquisitions remains our first priority,” CEO Paul Kussarow said Thursday in a conference call. Amedisys in 2018 became the third largest […]
Crossroads Hospice and Palliative Care, a privately owned provider, has developed a program to support congestive heart failure patients and their caregivers, improve patient satisfaction, and potentially reduce costly readmissions. Crossroads provides hospice and palliative care to approximately 1 million patients annually in Georgia, Missouri, Oklahoma, Pennsylvania, Ohio, Tennessee, and Kansas. The organization’s average daily […]
A panel of 15 U.S. and Canadian experts has developed the first hospice- and palliative care-specific guidelines for safe and effective use of methadone. Hospice providers increasingly turning to methadone as an effective and cost-effective method of managing patients’ pain but often lacked guidance on safe practices for prescribing and administering the drug. Methadone is […]
LHC Group (NASDAQ: LHCG) has teamed up with two Northeast hospice providers in a joint venture expected to glean $35 million in annual revenue. LHC purchased a majority share and will take over management of Geisinger Home Health and Hospice and AtlantiCare Home Health and Hospice, serving patients in New Jersey and Pennsylvania. The companies […]
Hospice providers in the New York region may see a changing of the guard in their pharmacy benefit management (PBM) and medication delivery services. Enclara Pharmacia a provider of PBM services for hospices and palliative care, will acquire Avanti Health Care Services for an undisclosed sum during the first quarter of 2019. Enclara provides PBM […]
When Medicare Advantage begins to cover hospice under the 2021 carve-in, hospices and payers will have a new set of numbers to think about: Encounter data. These detailed records of a patient’s health condition and health care services will likely affect the way hospices participating in Medicare Advantage will be reimbursed, but industry observers have […]
Hospice House Foundation of Western North Carolina has broken ground on the first inpatient hospice facility to serve six counties in that region. The Franklin, N.C.-based unit will bring a new level of care for patients too sick for routine home care or who lack family caregiver support. North Carolina’s State Employee Credit Union (SECU) […]
Traditions Healthcare Holding Company, LLC, a portfolio company of Dorilton Capital Advisors LLC, has acquired Hospice Connection, a hospice provider based in Tyler, Texas, for an undisclosed sum. “I am extremely excited to grow our presence in and continue to serve the community of East Texas,” Bryan Wolfe, president and CEO of Traditions Holdings Company, […]
Hospice providers can now get a “sneak preview” as to how their organization can start working with Medicare Advantage plans by applying to participate in demonstration the U.S. Centers for Medicare and Medicaid Services (CMS) is offering for 2020. CMS has announced an array of Medicare advantage (MA) health plan innovations that will be tested […]
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