Michigan-headquartered Residential Hospice has acquired Comfort Hospice in Missouri and Grace Hospice in Ohio for undisclosed amounts. Residential is a portfolio company of Graham Healthcare Management, which in turn is a subsidiary of the investment firm Graham Holdings Company (NYSE: GHC). Residential purchased the two hospices from health care company U.S. Medical Management, which offers […]
Disruption in home health reimbursement has an influence on the hospice mergers and acquisitions market, particularly among the rising number of companies offering both services. The most recent example is the 2020 implementation of the Patient-driven Groupings Model (PDGM). Uncertain about how this new payment system would impact their businesses, a number of strategic buyers […]
Florida-based Hospice of Marion County (HMC) will affiliate with the nonprofit senior services provider Empath Health. The two organizations have signed a Memorandum of Understanding (MOU) to begin the process. Empath Health is the parent company of Tidewell Hospice, Suncoast Hospice, and Suncoast Hospice of Hillsborough. This year, the State of Florida issued certificates of […]
Medicare reimbursement is the lifeblood of hospice providers, and a clear understanding of policies like budget neutrality can help elucidate the payment systems that keep their businesses running. The U.S. Centers for Medicare & Medicaid Services (CMS) is required by the Affordable Care Act to ensure that reimbursement rate changes are budget neutral. An earlier […]
The American Academy of Hospice and Palliative Medicine (AAHPM) has released an implementation guide for two patient-reported palliative care quality measures. The two new measures fall under the category of “patient-reported outcome performance measures” (PRO-PMs) that assess quality using two main indicators: patient-provider communication and pain management. The National Quality Forum endorsed the measures earlier […]
Joliet, Illinois-based Lightways Hospice and Serious Illness Care has nearly tripled the capacity of its pediatric palliative care program, expanding in geography, staff, and patient census. The nonprofit’s pediatric program now has capacity for 120 patients. Lightways’ current pediatric census has risen to 100 patients, up from 40. Additionally, the program’s service area has extended […]
Effective governance can be critical to a hospice’s performance and growth, and a number of providers have been working to optimize the engagement of their boards of directors or trustees. To develop an engaged board that adds value to an organization, hospices are taking governance activity beyond the standard, periodic meetings and fundraising events. This […]
Phillip W. Heath, board chair for New Jersey-based Samaritan Life Enhancing Care, will become CEO effective October 1, upon the retirement of the provider’s current leader Mary Ann Boccolini. The nonprofit’s board of trustees unanimously voted earlier this month to appoint Heath as the organization’s top executive. Vice-chair Nandini Natrajan will succeed him as leader […]
Amazon (NASDAQ: AMZN) is reportedly bidding to acquire value-based care platform Signify Health (NYSE: SGNY), which provides tech-enabled home health and complex care management services, among others. Signify partners with payers and health systems to offer home-based care. The company’s complex care management program mirrors the interdisciplinary palliative care model, including symptom management, addressing psychosocial […]
Many hospices have relied heavily on travel nurse agencies to reinforce their clinical teams during the pandemic. Now, a pair of bills currently before Congress would require a federal study of those agencies’ impact on health care. The Travel Nursing Agency Transparency Study Act would instruct the U.S. Government Accountability Office (GAO) to study the […]
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