Sens. Tammy Baldwin (D-Wisc.) and Shelley Moore Capito (R-W.Va.) have reintroduced the Palliative Care and Hospice Education Training Act (PCHETA), designed to bolster the field’s shrinking workforce with federal support. If enacted, PCHETA would support hospice and palliative care training programs for physicians, nurses, pharmacists, social workers and chaplains. The bill would also expand continuing […]
Facing mortality is never easy, but patients and families may see fewer hardships in some geographies. Some signs point to Vermont and Utah as states in which people were more likely to have a better end-of-life experience, whereas families in New Jersey or New York may encounter more difficulties. A recent analysis by the insurance […]
The post-acute technology company WellSky is spreading its wings over new geographies while growing its client base and expanding its product portfolio. Underlying the company’s strategy is a drive to develop solutions designed to support patient care as consumers navigate their way through the health care system. WellSky is jointly owned by two private equity […]
The U.S. Centers for Medicare & Medicaid Services (CMS) recently proposed a 2.7% pay increase for hospice care for Fiscal Year 2023. However, that amount may be a drop in the bucket as COVID-19 headwinds rage, inflation surges and employee wages climb. Beyond the rising costs, Medicare is phasing in the return of payment sequestration, […]
Even for the most prepared hospice provider, change often contains an element of chance. This includes entry into new markets. Increasingly, providers are leveraging data to mitigate the potential risks that come with growth. Opportunities for expansion are not created equal. Whether a company grows through an acquisition, a de novo or other means, these […]
For the exhausted health care labor force — many of whom have left the industry — money talks. Aveanna Healthcare Holdings (NASDAQ: AVAH) recently conducted an analysis of workforce trends that suggested that higher compensation may be the most important consideration for prospective employees, particularly in light of rising inflation. “We’ve just finished a pretty […]
CVS Health Corporation (NYSE: CVS) subsidiary Aetna has selected Ohio’s Hospice and Pure Healthcare as part of the insurance company’s hospice and palliative care preferred provider network for Value-Based Insurance Design (VBID) in the Buckeye State. Admission to the network means that Aetna will also cover a range of benefits for Ohio’s Hospice and Pure […]
Developments in a False Claims Act (FCA) suit involving Curo Health Services signal that mounting a defense may become more complicated for accused hospices. Regulators and investigators have sharpened their gaze on alleged False Claims Act violations by hospice providers, as well as the closely related anti-kickback statute, sometimes resulting in multi-million settlements. These cases […]
Aveanna Healthcare (NASDAQ: AVAH) is seeing strong returns from its hospice and home health acquisitions while continuing to battle labor headwinds. Industry-wide, workforce pressures from staff shortages and rising wages have not relented. While clinical staff were dwindling prior to the pandemic, the pace accelerated when COVID-19 struck. The surges that occurred late last year […]
Addus HomeCare (NASDAQ: ADUS) has gone all-in on building out its care continuum. Launched as a personal care provider, the company in 2016 began offering hospice and home health to enhance its value proposition for payers by further reducing hospitalizations and emergency department visits. “If you realize that our average patients are in their 70s, […]
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