Artificial intelligence technology is in its infancy, but hospice organizations are already applying the technology to provide patient support, reduce costs, and improve efficiency. “AI systems tend to make fewer mistakes than humans and can help in providing extra layer of assurance and inspection,” Jye Su principal analyst for ABI Research told Hospice News. “This […]
Traditions Health, LLC, today extended its footprint to the Arizona market through the acquisition of Reflections Hospice and Palliative Care in Mesa. “I am extremely excited to expand our services to Arizona,” said Bryan Wolfe, the President and CEO of Traditions. “This is an enormous accomplishment for our organization, and we are very honored to […]
Following the completion of lucrative acquisition and joint venture activity during 2018, LHC Group (NASDAQ: LHCG) will make M&A and JV transactions a cornerstone of its 2019 growth strategy. LHC on Thursday reported a record $8.226 million in revenue tied to acquisitions and joint ventures for full year 2018. Among the company’s 2019 plans is […]
Hospice by the Bay, a Larkspur-Calif.-based nonprofit, expects to see recent investments in solar power and efficient lighting pay off with substantially reduced energy costs and a diminished carbon footprint. The new 158 kW solar panel system was installed in the organization’s administrative offices in Fall 2018. The system began producing electricity in January after […]
As the U.S. Centers for Medicare and Medicaid Services (CMS) pays closer attention to increasing rates of live discharges, hospice organizations are seeking ways to balance their mission to provide patient-centered care with their obligation to meet regulatory requirements. In 2015, U.S. hospice providers discharged 160,000 individuals before end-of-life, representing 16.7 percent of all hospice […]
Despite spending over $340 million on hospice acquisitions in 2018, Amedisys, Inc. (NASDAQ: AMED) says it plans to continue investing heavily even as multiples continue to be at record levels. “Capital deployment on hospice acquisitions remains our first priority,” CEO Paul Kussarow said Thursday in a conference call. Amedisys in 2018 became the third largest […]
Crossroads Hospice and Palliative Care, a privately owned provider, has developed a program to support congestive heart failure patients and their caregivers, improve patient satisfaction, and potentially reduce costly readmissions. Crossroads provides hospice and palliative care to approximately 1 million patients annually in Georgia, Missouri, Oklahoma, Pennsylvania, Ohio, Tennessee, and Kansas. The organization’s average daily […]
A panel of 15 U.S. and Canadian experts has developed the first hospice- and palliative care-specific guidelines for safe and effective use of methadone. Hospice providers increasingly turning to methadone as an effective and cost-effective method of managing patients’ pain but often lacked guidance on safe practices for prescribing and administering the drug. Methadone is […]
LHC Group (NASDAQ: LHCG) has teamed up with two Northeast hospice providers in a joint venture expected to glean $35 million in annual revenue. LHC purchased a majority share and will take over management of Geisinger Home Health and Hospice and AtlantiCare Home Health and Hospice, serving patients in New Jersey and Pennsylvania. The companies […]
Hospice organizations and private equity investors are under increasing legal and regulatory scrutiny related to medical necessity complaints under the False Claims Act. “Hospice providers are on the government’s radar and have increasingly become the subject of government enforcement actions and investigations,” John Kelly, member, Bass, Barry, and Sims, told Hospice News. “Hospice agencies should […]
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