Cornerstone Healthcare, a subsidiary of hospice, home health and senior living company the Pennant Group (NASDAQ: PNTG), has purchased Montana-based Hospice of Missoula for an undisclosed amount, marking the company’s first foray into that state’s market. Pennant indicated that the company intended to seek out further acquisition opportunities throughout 2020, targeting strategic and underperforming organizations […]
While the number of hospices and other organizations providing palliative care continues to expand nationwide, staffing shortages represent a barrier that threatens to slow this growth. The United States has 13.35 hospice and palliative care specialists for every 100,000 adults 65 and older, according to an April 2018 study. The research estimated that by 2040 […]
Empath Health, owner of Suncoast Hospice, and Stratum Health, which operates Tidewell Hospice, plan to merge their two companies with an anticipated integration date of January 2023. The two Florida-based companies intend to build a combined, hospice-based integrated care network that would provide home- and community-based services to patients suffering from serious and chronic disease […]
After an active 2019 in the mergers and acquisitions market Louisiana-based home health and hospice provider LHC Group (NASDAQ: LHCG) has fixed its eyes on further growth in 2020 and beyond. LHC Group engages in M&A primarily through joint ventures with hospitals and health systems, which has been the company’s most active growth front. Though […]
The U.S. Centers for Medicare and Medicaid Services (CMS) has announced the capitation rates for hospice care under the value-based insurance design model (VBID), often referred to as the Medicare Advantage hospice carve-in. The agency indicated that medicare advantage organizations (MAOs) during the first month of a patient’s stay would receive Medicare A/B capitated payments, […]
The first application deadline for participation in the Primary Care First direct contracting payment models expired Feb. 25, but even this late in the game, many in the hospice space and other health care stakeholders struggle to understand these models. The direct contracting options include three voluntary payment models that are designed to help the […]
Careful management of resources can help hospices avoid the need to repay Medicare for revenues that exceed the payment cap. Hospices that receive Medicare payments are likely familiar with payment caps: upper limits to the amount of funds a hospice can collect from Medicare in a single fiscal year. Hospices that exceed either the inpatient […]
Hospices provide 50% of the community-based palliative care delivered in the United States, but many find it challenging to make their programs profitable or break even, often relying on philanthropy to support their efforts. However, some organizations are implementing innovative models and developing payer relationships that can turn that trend around. Interest in palliative care […]
The Louisiana Health Care Quality Forum is partnering with California-based advance care planning technology firm Vynca and the Ochsner health system to implement a statewide registry for the bayou state’s Physician Orders for Scope of Treatment (LaPost) forms and advance directives. LaPOST documents contain advance directives, patient wishes and goals for end-of-life care and often […]
Dallas-based Three Oaks Hospice has acquired Peace Hospice & Palliative Care in Naperville, Ill., for an undisclosed amount. Relatively new to the hospice arena, Three Oaks opened its doors in May 2019 and jumped quickly into the mergers and acquisitions market with the September purchase of three hospices in the company’s home state of Texas. […]
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