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 […]
Florida-headquartered Chapters Health System recently received a green light to advance on expansion plans across the state’s west central coast. In August, post-acute care provider Chapters set its sights on expanding its hospice business into Florida’s Pinellas County. The Florida Agency for Health Care Administration (AHCA) recently awarded the company a certificate of need (CON) […]
The pendulum of investor interest has swung hard into the hospice market in recent years, but shifts in reimbursement could steer buyers towards home health. Uncertainty earlier this year around Medicare’s proposed 2023 home health payment rates led some stakeholders to expect a swerve towards hospice. The U.S. Centers for Medicare & Medicaid Services (CMS) […]
Expansion across the care continuum is a key to sustainable growth for hospices, according to executives from some of the industry’s largest companies. The hospice industry has been ripe for growth in recent years, plucking the interest of investors from all walks. Hospices have dug deep into the roots of their growth strategies as competition […]
New COO Takes Helm at Compassus Laura Templeton has risen through the ranks at Compassus, recently becoming its new COO and executive vice president. Since joining the company in 2012, Templeton has served as senior vice president and chief of clinical operations. In the midst of a worsening industry-wide staffing shortage, Templeton was charged with […]
Post-acute care company AccentCare is partnering with two universities to foster educational opportunities for employees seeking to advance their careers. The company is working with Chamberlain University and Walden University to offer new benefits to staff. Chamberlain has 23 campuses in 15 states, whereas Walden offers courses online. AccentCare indicated in a press release that […]
AccentCare has leveraged telehealth services as a means of reducing the length of hospital stays for patients who are receiving fragmented care. Virtual care became a necessity after the pandemic struck, and most hospice providers were quick to invest in and build out their telehealth programs. What began as a stopgap measure soon became an […]
Hospice acquisition volumes and price tags have hit record highs for several years running. Now, the companies that performed well under the pandemic’s pressure may be drawing more interest from buyers. While a sizzling hospice market saw a cooled start this year, merger and acquisition activity is still outpacing other health care sectors. Demographic tailwinds, […]
Home-based care provider AccentCare has been busy since its merger with Seasons Hospice & Palliative Care, exploring new technologies and care delivery strategies, as well as expanding business lines. The two companies merged in early 2021 with designs on building a seamless care continuum in the home setting and recently unified all of its business […]
The business case for diversity, equity and inclusion in hospice care The drive for greater diversity, equity and inclusion in health care is more than a flash in the pan. It could impact hospices’ sustainability as well as their access to patients. Initiatives to reach underserved populations have been a rising priority among hospice providers. […]
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