Enhabit Home Health & Hospice (NYSE: EHAB) has honed its sights on hospice growth, with substantial investments into staffing and acquisitions. Enhabit executives recently discussed what these investments mean for the future of its hospice business segment at the recent Wells Fargo Healthcare Conference in Boston. “Hospice has been more of a growing side of […]
Declines in digital health investment have implications for hospice and palliative care providers. The digital health investment boom, accelerated by the pandemic, is on the decline, at least for now. The term “digital health” can be defined broadly, according to Dr. Arif Kamal, associate professor of medicine and population health at Duke University. It can […]
Hospices have taken their first steps towards value-based reimbursement during the past two years, but signs point to a long journey ahead. The U.S. Center for Medicare & Medicaid Innovation is currently testing coverage of hospice care through Medicare Advantage through the Value-Based Insurance Design (VBID) program. Often called the Medicare Advantage hospice carve-in, the […]
Trinity Health has completed its acquisition of MercyOne Health, expanding its hospice footprint in Iowa. Financial terms of the deal were undisclosed. Trinity Health in April signed a definitive agreement with CommonSpirit Health to acquire MercyOne. CommonSpirit was born of a joint operating agreement between Trinity Health and Catholic Health Initiatives. “With MercyOne now fully […]
The U.S. Centers for Medicare & Medicaid Services (CMS) is starting a “new chapter” with health equity and value-based and person-centered care as top priorities, according to the agency’s administrator, Chiquita Brooks-LaSure. Brooks-LaSure made these remarks at the National Association of Accountable Care Organizations’ (NAACOS) annual conference in Washington, D.C., where she reaffirmed health equity […]
Philadelphia-based First Docs is poised for multi-state expansion after securing new investment dollars from the private equity firm Webster Equity Partners. First Docs is a physician-led internal medicine practice that offers a range of health care services and frequently collaborates with hospice, palliative care, and home health providers, among others. The amount of Webster’s investment […]
Walmart Inc. (NYSE: WMT) and UnitedHealth Group (NYSE: UNH) will partner to offer a range of health care services to seniors enrolled in Medicare Advantage plans. The 10-year collaboration will begin in January 2023 at 15 Walmart Health locations in Florida and Georgia and will gradually expand to new markets. The companies expect to serve […]
Elevated turnover rates are nibbling at hospices’ profit margins. A recent, nationwide BerryDunn survey of home health and hospice providers found that those who have experienced high turnover rates also sustained significant blows to their bottom lines. Providers with a turnover rate of 10% or less among staff reported seeing margins rise on average by […]
Some hospice company leaders have signaled the labor market may be showing signs of stabilization. Executives from 13 publicly traded home-based care companies participated last week in Jeffries Financial Group’s annual Nashville Healthcare Services Burr Tour, including contingents from Addus (NASDAQ: ADUS), Amedisys (NASDAQ: AMED), CVS Health (NASDAQ: CVS), Signify Health (NASDAQ: SGNY), and Enhabit […]
CVS Health (NYSE: CVS) has agreed to purchase Signify Health (NYSE: SGFY) for a total transaction value of $8 billion. Signify is a value-based care enablement company that concentrates on care in the home, including home health and palliative care. CVS indicated that the transaction will lay the foundation for further expansion in home-based health […]
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