Though most U.S. hospice providers have the same problem — a workforce shortage — many seek to address it using unique solutions. Worsening workforce shortages have been keeping hospice leaders awake at night for several years running. Rising turnover due to the COVID-19 pandemic exacerbated the crisis, leading some hospice providers to shut down their […]
Shareholders of Amedisys Inc. (NASDAQ: AMED) have voted in favor of the company’s pending acquisition by the UnitedHealth Group (NYSE: UNH) subsidiary Optum. Optum in June penned a deal to acquire Amedisys in an all-cash transaction of $101 per share, or about $3.3 billion. The transaction followed a previous offer to acquire Amedisys by the […]
Over time, Medicare Advantage plans will likely have a greater presence as hospice payers, and now is the time for providers to build relationships those organizations. Originally slated to end in 2024, CMS recently extended the hospice component of the value-based insurance design model (VBID) to 2030. Though the demo’s ultimate outcome remains uncertain, many […]
WTWH Media, LLC has acquired two digital publications from 1105 Media, Inc. — HME Business and Mobility Management. Financial terms were undisclosed. The two media properties are focused on the home medical equipment industry and mobility professionals, including rehabilitation suppliers and clinicians. WTWH is a portfolio company of the Colorado-based private equity firm Mountaingate Capital […]
Chicago-based NorthShore–Edward-Elmhurst Health is expanding its partnership with Residential Home Health and Hospice. The partnership between the two companies was established about 15 years ago. But now, Residential Hospice will act as a preferred provider of hospice services at the health system, NorthShore indicated in a press release. NorthShore folded its in-house hospice and community-based […]
Though relatively few home health agencies provide palliative care, those providers and their patients can benefit from more integration of those services. Currently, the palliative care space is dominated by hospices and health systems. Only 7% of community-based palliative care programs are operated by home health organizations, compared to about 50% for hospices, according to […]
Hospices are operating in a changing competitive environment, and some are rolling with the punches better than others. Several forces are driving the change. One is value-based payment models, coupled with the entry of new types of organizations in the home-based care space and the rise of more educated, health-literate consumers. With these trends stirring […]
Negotiations around Amedisys Inc.’s (NASDAQ: AMED) Contessa subsidiary were a significant contributor to the pendulum swing that led to the company’s acquisition by UnitedHealth Group’s (NYSE: UNH) Optum rather than Option Care Health (NASDAQ: OPCH). Optum in June penned its agreement to acquire Amedisys in an all-cash transaction of $101 per share, or about $3.3 […]
Health care middlemen are contributing to a fragmented, stitched-together “Frankenstein’s monster” of a system that puts greater distance between patients and those who actually provide the care, according to SCAN Group CEO Dr. Sachin Jain. Even defining the “middlemen” can be a challenge because these organizations are so pervasive and multifaceted. However, these companies often […]
The Pennant Group, Inc. (NASDAQ: PNTG) has acquired Arizona-based Valor HospiceCare. Financial terms were undisclosed. The Idaho-headquartered home health, hospice and senior living company has been building out its acquisition pipeline, executives indicated in earnings calls. Interest in hospice deals is rising as record-high valuations begin to come down, according to Pennant President and COO […]
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