Program integrity issues that have heated up in the hospice space during the past five years reached a boiling point in 2023. Hospice providers have seen an array of increased regulatory oversight in 2023. That momentum has been fueled by two main concerns among regulators — risks of patient safety and evidence of malfeasance in […]
The needs of today’s seriously ill patients necessitates the development of new, longitudinal care models that integrate the patient-centered principles of hospice and palliative care, Dr. Darren Schulte, CEO of VyncaCare, told Hospice News. Vynca launched as an advance care planning technology platform and expanded into the palliative care provider space through its 2021 acquisition […]
The lines of communication between hospice leaders and compliance executives need to be open and transparent in today’s regulatory environment. The complexities of hospice regulation alongside increased oversight in the space have led providers to zero in on compliance. A host of new audit activity has cropped up in recent years, as well as ramped […]
Recent health equity initiatives in hospice reimbursement may reverberate impacts into providers’ staff recruitment and retention strategies, particularly when it comes to leadership roles. The Center for Medicare & Medicaid Innovation (CMMI) in 2021 announced a “strategy refresh” that included focus on health care equity in payment model design. The Accountable Care Organization Realizing Equity, […]
Hospice providers will be looking to Congress in 2024 to address issues related to program integrity, quality improvement and industry-wide workforce pressures. As legislative efforts develop, hospices may want to focus their attention on a few key legislators. Though hospice is largely a community-based business, actions on the national level can have a huge impact. […]
Having a greater understanding around the impacts of trauma and abuse can help hospices improve end-of-life experiences for patients and working conditions for staff. Training and education are keys to caring for patients and employees with unique needs impacted by trauma and abuse. This is the final installment of a two-part series that digs into […]
Strong performance on the Hospice Care Index is becoming increasingly essential to securing payer and referral contracts and will be a key consideration in the federal government’s forthcoming Special Focus Program (SFP). The U.S. Centers for Medicare & Medicaid Services (CMS) designed the Hospice Care Index (HCI) to paint a picture of care processes that […]
Private equity firms typically turn around and sell an asset within three to five years post-acquisition. However, some may slow that cycle down in today’s economic environment. The presence of private equity firms in the hospice arena has expanded exponentially during the past several years. But this year, deal volume slowed across the board. While […]
A rich mix of hospice merger and acquisition (M&A) activity at the end of 2023 is fueling trends into next year. Hospice M&A activity has diverged from the frenzied pace set in recent years. The hospice space in the last five years has seen record-breaking multiples, a prevalence of private equity-backed platform transactions and large-scale […]
After the tumultuous years of the pandemic, VITAS Healthcare expects a stable growth trajectory heading into 2024. Florida-based VITAS is a subsidiary of Chemed Corp. (NYSE: CHE). Though the company has not yet released financial guidance for 2024, VITAS anticipates a “predictable” year in terms of earnings and growth, executives said at Monday’s Bank of […]
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