Health care data analytics company Trella Health anticipates that it will double in size by the end of 2022 following a funding round the company described as “significant.” Investment firm Cressey & Company led the round. Dollar amounts for the round were undisclosed. Atlanta-based Trella Health provides market intelligence to companies in the post-acute care […]
Tom Koutsoumpas, president and CEO of Capital Caring Health, has worked in the hospice field since the beginning. He advocated in the 1970s and 80s for the establishment of the Medicare Hospice Benefit, which now covers about 98% of the hospice care provided in the United States. In addition to his work as a provider, […]
Eden Health is expanding in the Pacific Northwest, having received a certificate of need to launch a hospice program in the State of Washington. The new location will be branded as Eden Hospice at Whatcom County, LLC., which recently achieved deemed status Medicare-certification from the Accreditation Commission for Health Care (ACHC). Historically a home health […]
Corrective actions by the U.S. Centers for Medicare & Medicaid Services (CMS) has reduced improper fee-for-service payments by $27.72 billion during the past seven years. The agency identified claims for hospital outpatient, skilled nursing facilities, home health, and hospice as major contributing factors to improper payments during Fiscal Year 2021 — more than 38% of […]
Efforts to mitigate the health care workforce shortage are starting to pay off for LHC Group (NASDAQ: LHCG), though the company is still experiencing higher labor costs due to the current need to employ more contracted personnel. LHC Group took steps to enhance their recruitment and retention strategies early in the year that are seeing […]
Research conducted by Interim HealthCare has found that 82% of adults ages 18 or older would choose to receive care in their homes as they near the end of life. However, misconceptions about home-based care among providers in other settings could pose a barrier for some patients, who typically need a referral to seek out […]
Carla Davis is the president of LHC Group’s (NASDAQ: LHCG) Heart of Hospice Division. She previously served as CEO of South Carolina-based Heart of Hospice until LHC Group acquired the agency in August. Davis came to Heart of Hospice with diverse compliance, operational and sales experience including as chief operating officer of VistaCare, and vice […]
Despite prevailing COVID-19 headwinds, the hospice and home health mergers and acquisitions market shows no signs of slowing. Labor shortages plaguing the industry may be spurring additional activity as the dwindling workforce is limiting some providers’ ability to grow organically. A number of the larger strategic buyers — LHC Group (NASDAQ: LHCG), Amedisys (NASDAQ: AMED), […]
Ten U.S. states have filed a lawsuit against members of the Biden administration asking the U.S. District Court of Eastern Missouri to strike down the recently announced COVID-19 vaccine mandate from the U.S. Centers for Medicare & Medicaid Services (CMS), arguing that the rule would exacerbate workforce shortages and represents overreach of federal authority. Plaintiffs […]
COVID-19 headwinds slowed hospice growth during 2020 and 2021. This will likely trend into 2022, but signs of recovery are starting to show, according to Paul Kusserow, CEO of Amedisys (NASDAQ: AMED). During the past two years hospices have contended with worsening staff shortages, rising supply costs, increased paid leave and employee quarantines due to […]
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