MEDPAC Votes to Slash Hospice Aggregate Payment Cap

The Medicare Payment Advisory Commission (MEDPAC) has voted unanimously to eliminate the update to the Fiscal Year 2021 Medicare base payment rates for hospice for Fiscal Year 2022 and to cut by 20% the hospice aggregate cap. The payment cap is the upper limit to the amount of funds a hospice can collect from Medicare […]

We Want Your Input — 2021 Outlook Survey

After significant industry changes in 2020, the Hospice News team is looking ahead to 2021 and would like to get your input for our annual Hospice Industry Outlook Survey. We’ll be releasing the results of this survey to all readers in early January. All responses gathered will remain confidential, and your information will not be […]

Traditions Health Acquires Hospices in Georgia and Oklahoma

Hospice and home health provider Traditions Health, has expanded to markets in two new states with the acquisitions of Faith Hospice of Oklahoma and Embrace Hospice of Georgia. Traditions purchased both providers from Diversified Health Care for an undisclosed sum. Traditions is a portfolio company of family-owned investment firm Dorilton Capital Advisors. Prior to these […]

Aging Media Announces Future Leaders Awards Class of 2020

Aging Media Network today announced this year’s Future Leaders Awards honorees, recognizing high-performing employees who are shaping the next decade of care delivery across the senior housing, skilled nursing, home health and hospice industries. The 2020 awards program is sponsored exclusively by PointClickCare Technologies, the leading cloud-based software platform for the senior care market today. […]

Alleo Health System Purchases ABC Hospice

Tennessee-based Alleo Health System has acquired ABC Hospice in Alabama, marking the organization’s entry into that state’s market. Financial terms of the transaction were not disclosed. Alleo has been pursuing an aggressive growth strategy this year, seeking to expand its geographic footprint and its patient census to better position the nonprofit to negotiate with payers. […]

Blue Shield of California Seeks to Expand Palliative Care

Blue Shield of California has launched a new program to raise awareness among its members of home-based palliative care. The insurance company is working with the tech firm Vital Decisions, which offers a Guided Living Voice program in which care alignment coordinators conduct goals-of-care conversations and provide education to patients and families about the nature […]

Traditions Health Acquires Guiding Hospice

Traditions Health, LLC has purchased privately owned Round Rock, Texas-based Guiding Hospice, growing the company’s footprint in the Austin area. Financial terms of the transaction were not disclosed. Traditions is a portfolio company of family-owned investment firm Dorilton Capital Advisors.  This is the latest in a string of acquisitions by Traditions Health, which operates in […]

Hospice Drives Brookdale’s Health Care Segment Growth

Hospice business is the engine behind Brookdale Senior Living (NYSE: BKD) health care services segment revenues in the third quarter. The segment’s earnings rose 3% in Q3 despite a 1% dip in home health revenue due to high salesforce turnover and customer service issues.  The company has worked to expand its hospice operations this year, […]

Hospice M&A Market Goes Strong in Third Quarter

The hospice space saw at least 10 hospice merger & acquisition transactions during the third quarter, a slight dip from the second quarter in which 14 transactions took place. Despite this decline, the hospice M&A market continues to go strong. The hospice merger and acquisitions market has been thriving in recent years, with several top […]

80% of Informed Consumers Would Choose Palliative Care

Nearly 80% of consumers who received background information on palliative care said they would choose it for themselves or their loved ones, according to a recent survey by the Center to Advance Palliative Care (CAPC). However, a lack of public awareness persists. CAPC’s survey is designed to track awareness, perceptions, attitudes and interest in palliative […]