Regulatory attention heating up in the hospice industry could be impacting buyers’ mergers and acquisitions decisions. Nuances in the regulatory environment can be difficult to navigate, perhaps more so for private equity and venture capital investors that are new to the industry. Changes to federal enforcement practices during the next year could bring some additional […]
New York-based Calvary Hospital has founded a high-needs population Accountable Care Organization branded as NavigatorACO. Calvary is the only acute-care hospital in the United States that focuses almost exclusively on hospice and palliative care. NavigatorACO is designed to participate in the forthcoming Realizing Equity, Access and Community Health (ACO REACH) program. Effective Jan. 1, 2023, […]
While home health operators brace for the impact of the meager 2023 reimbursement rates, hospices likewise must prepare for a ripple effect. The U.S. Centers for Medicare & Medicaid Services (CMS) recently established a 0.7% base rate payment increase for home health care in 2023. While this is an improvement from the 4.2% aggregate cuts […]
Kansas City-based Hospice Care of America (HCA) was recently acquired by a newly formed holdings company established by the private equity firm Kain Capital LLC. Financial details of the transaction were undisclosed. Kain Capital established PERA Holdings as a way to gain a foothold in the hospice market. HCA marks the company’s first purchase, acquiring […]
The Accountable Care Organization Realizing Equity, Access and Community Health (ACO REACH) payment model will launch on Jan. 1, 2023, and hospices that collaborate with participating ACOs could realize some unique benefits. The Center for Medicare & Medicaid Innovation announced the program in February to replace the Global and Professional Direct Contracting (GPDC) models. The […]
Hospices are allocating more financial and operational resources on staffing initiatives than ever before to remain afloat and grow. Recruitment and retention have been top of mind for hospice providers amid ongoing workforce shortages that have only worsened with the pandemic. More than 67% of the 203 hospice care professionals surveyed indicated that staffing would […]
Labor shortages and other headwinds have battered hospices during 2022, including large companies. Some of these providers are making near-term investments that cut into revenue but are expected to pay off in the long run. Providers are seeing troubles on multiple fronts, as reflected in third quarter earnings reports. This year brought the return of […]
Aveanna Healthcare Holdings, Inc.’s (NASDAQ: AVAH) hospice and home health segments saw small jumps in the third quarter, but these lagged behind the company’s growth targets. The end of this year’s Q1 marked Aveanna’s first year as a publicly traded organization. Founded in 2017, the company launched a $458.8 million initial public offering (IPO) last […]
The interventions that VITAS Healthcare has implemented in response to the industry-wide labor shortage have generated some positive momentum that extends beyond the number of workers on the payroll. VITAS is a subsidiary of Chemed Corp. (NYSE: CHE). Like many in the space, the hospice provider has been fighting an uphill battle against COVID headwinds […]
The Pennant Group (NASDAQ: PNTG) expects emerging rebounds in skilled nursing and assisting living — and its pipeline of forthcoming acquisitions — to offset the impact of continuing labor headwinds. The company reduced its guidance for calendar year 2022 in the wake of falling hospice lengths of stay, rising wages, the return of Medicare sequestration, […]
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