Hospices Ramp Up Advance Care Planning Through Value-Based Payment Models

More hospices are expanding their advance care planning services as they ramp up participation in value-based payment programs such as Medicare Advantage, direct contracting and participation in Accountable Care Organizations. Several value-based models incorporate advance care planning, which is associated with reductions in the total cost of care and improvements in overall hospice utilization rates. […]

Advocate Aurora Enterprises Acquires Senior Helpers

Advocate Aurora Enterprises has acquired home care company Senior Helpers for an undisclosed amount. While Senior Helpers is not a hospice provider, the company does provide end-of-life support services that work in tandem with hospices to offer an additional layer of assistance to patients.  Advocate Aurora Enterprises is a subsidiary of Advocate Aurora Health, one […]

St. Croix Enters Illinois Market with Hospice Care of America Purchase

Minnesota-based St. Croix Hospice has entered the Illinois market through the acquisition of Hospice Care of America in the city of Rockford. Financial terms of the transaction were not disclosed. St. Croix’s approximately 800 employees care for more than 2,200 patients daily out of 39 locations in seven Midwestern states. The organization is a portfolio […]

CMS Suspends Claims Process While Congress Ponders Sequestration

The U.S. Centers for Medicare & Medicaid Services (CMS) will suspend the processing of Medicare claims dated after April 1 while Congress continues to mull whether it will extend the temporary moratorium on payment sequestration implemented due to COVID-19. This applies to all Medicare-certified health care providers, including hospices. The U.S. House of Representatives and the […]

Turn-Key’s Terri Maxwell: A Population Health Approach Can Bolster Community-Based Palliative Care

Efforts have been growing among health care providers, payers, advocacy groups and state policymakers to make community-based palliative care more accessible to patients and families. Hospice organizations are extremely well-equipped to provide this care, according to Terri Maxwell, general manager, chief clinical officer and co-founder of Turn-Key Health.  Turn-Key Health is a national community-based palliative […]

Bristol Hospice Sale Moves Into Second Round of Bids

The sale of Bristol Hospice by private equity backers Webster Equity Partners is moving into the second face of the acquisition process. The remaining bidders are all private equity firms, with strategic buyers stepping out of the process after the first round, which took place last week, PE Hub reported. Bids are reportedly reaching as […]

CMS Revising Hospice Survey Process in the Pandemic’s Wake

One year into the outbreak, hospices nationwide are trying to decipher what the post-pandemic regulatory landscape will look like. This will include updates to the U.S. Centers for Medicare & Medicaid Services (CMS) survey process that were delayed due to COVID-19. CMS is revising its survey process to emphasize what the agency considers to be […]

Private Equity Investment in Hospice Hits All-Time High, Valuations Rising

Private equity interest in the hospice sector has been gaining momentum in recent years, raising the stakes in hospice deals and stepping up competition for acquisition targets. Private equity transactions and an influx of new deals during 2021 could drive up hospice valuations that have already reached record highs. The hospice market remained extremely active […]

Senate Votes to Extend Hospice Payment Sequestration Suspension

The U.S. Senate has voted to extend the moratorium on Medicare payment sequestration for hospice and other health care organizations through the end of the year. The Senate bill must now go to the House, which is unlikely to pass the legislation before the current expiration date of March 31. The Senate approved the bill […]