The Louisiana Health Care Quality Forum is partnering with California-based advance care planning technology firm Vynca and the Ochsner health system to implement a statewide registry for the bayou state’s Physician Orders for Scope of Treatment (LaPost) forms and advance directives. LaPOST documents contain advance directives, patient wishes and goals for end-of-life care and often […]
Dallas-based Three Oaks Hospice has acquired Peace Hospice & Palliative Care in Naperville, Ill., for an undisclosed amount. Relatively new to the hospice arena, Three Oaks opened its doors in May 2019 and jumped quickly into the mergers and acquisitions market with the September purchase of three hospices in the company’s home state of Texas. […]
Florida-based Community Hospice & Palliative Care is opening a Program for All-Inclusive Care of the Elderly (PACE) center in Jacksonville in a joint venture with Aging True Community Senior Services. The joint venture is known as PACE Partners of Northeast Florida. The center is the first of its kind in northern Florida and the fifth […]
Record-high valuations in the hospice mergers and acquisitions market are leading VITAS Healthcare, a subsidiary of Chemed Corp. (NYSE: CHEM), to target growth through de novos and same-store admissions rather than purchasing smaller hospices. Multiples in the home care and hospice space reached as high as 26x EBITDA during 2019, the most significant rise for […]
Acquisitions contributed significantly to the Amedisys (AMED) hospice segment growth during the fourth quarter of 2019, continuing a trend for the past several quarters. The company was active in the hospice M&A space last year, completing several transactions that included its $340 million purchase of Compassionate Care Hospice in February and its tuck-in of RoseRock […]
Brookdale Senior Living’s (NYSE: BKD) hospice business drove growth in its health care services segment, despite fourth quarter financial results from the overall segment that were below expectations. Brookdale Senior Living Inc. is a national senior living community operator whose health services segment provides hospice, home health care, and outpatient therapy services.The company owns and […]
Physician and entrepreneur Ryan Van Wert, M.D., co-founded Palo Alto, Calif.-based advance care planning solution developer Vynca in 2013 to create tech products to guide and document advance care planning discussions that would be easily accessible to necessary stakeholders, including patients, families and clinicians. Van Wert is also an assistant professor at Stanford University where he […]
Close to 40% of patients in a recent study received end-of-life services in an intensive care unit, contrary to their wishes as documented in Physician Orders for Life-Sustaining Treatment (POLST). Researchers considered 1,818 patients suffering from serious or chronic illness who died between 2010 and 2017 in a two-hospital academic health system. Some patients were […]
Effective on-boarding practices, including training and orientation, can help stave off the impact of ongoing staffing shortages in the hospice space. Hospices nationwide are fine-tuning recruitment and retention strategies as demand for their services are rising as they continue to lose current staff, often due to retirement or burnout. More than 26% hospice leaders indicated […]
Nurses are the front line of hospice care, serving patients in their homes and other settings on a daily basis. They have their finger on the pulse of hospice. Hospice News recently sought the insights of a nurse and certified dementia practitioner about care provided in non-hospice settings such as assisted living and skilled nursing […]
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