Private equity firms are pouring investment dollars into hospices at a record pace. Meanwhile, legislators and regulators as far up as the White House are taking aim at those firms. Despite a cool down in the hospice mergers and acquisitions market during the first quarter of 2022, private equity firms have stayed aggressive on deals. […]
As hospices explore greater participation in alternative payment models, the Medicare Payment Advisory Commission (MedPAC) is urging Congress to reduce and restructure those programs. Hospice providers have been eying APMs emerging from the Center for Medicare & Medicaid Innovation (CMMI). These models represent an entry point to value-based reimbursement, as well as a means to […]
LHC Group (NASDAQ: LHCG) shareholders overwhelmingly approved the acquisition of the company by UnitedHealth Group (NYSE: UHG) subsidiary Optum for $5.5 billion. Optum announced the forthcoming deal in April. The purchase agreement stipulates that UnitedHealth Group will acquire LHC Group’s common stock for $170 per share. The companies expect the transaction to close during the […]
Dr. Christopher Comfort, chief operating officer for Calvary Hospital in New York City, oversees the organization’s operating budget as well as all patient care. He is also an ambassador for the hospital’s CalvaryCare program, designed to educate the health care community and the public about palliative care and hospice. Calvary is the only acute care […]
A bipartisan group of nine U.S. Senators have written to U.S. Centers for Medicare and Medicaid Services (CMS) Administrator Chiquita Brooks-LaSure, calling for a payment model demonstration designed to support greater access to palliative care. The lawmakers urged the Center for Medicare & Medicaid Innovation (CMMI) to develop a dedicated community-based palliative care benefit, which […]
As more health care reimbursement migrates towards value-based payment models, providers will need to master the art of care coordination. Seriously ill patients can easily fall through the cracks in a fragmented health care system, leading to poorer outcomes and costly hospital stays and emergency department visits. Closing these gaps is a rising priority in […]
One of the defining principles of hospice care is honoring the wishes of terminally ill patients. Now, with increasing frequency, a health care provider’s failure to honor those directives can lead to litigation or penalties by regulators. These issues come into play when a health care provider does not adhere to a patients’ advance care […]
Hospice provider Complete Oklahoma has acquired a license from Houston-based Avenir Hospice Care, establishing the company’s first foothold in Texas. Financial terms were undisclosed. The Complete Oklahoma deal clears the way for the company to launch a de novo in the burgeoning Texas market, according to Alex Veach, director of operations for the M&A advisory […]
An overwhelming majority of hospice providers have seen costs of patient care rise 3% to 10% since 2019, and many expect further increases next year. This is prompting calls for Medicare to reconsider proposed 2023 reimbursement rates. Specifically, close to 98% of respondents to a May survey of National Hospice and Palliative Care Organization (NHPCO) […]
As one massive home health and hospice transaction steams towards completion, another is delayed. The forthcoming spin-off of Enhabit Home Health & Hospice from Encompass Health (NYSE: EHC) is just about ready to close on July 1. Meanwhile, a minor administrative snag will delay closing of UnitedHealth Group (NYSE: UHG) subsidiary Optum’s acquisition of LHC […]
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