Amedisys Inc. (NASDAQ: AMED) has continued to grow its hospice segment despite facing COVID-19 headwinds earlier this year. This expansion deepens an industry-wide trend toward service diversification and a lean towards value-based programming. The company is citing rising demand for palliative care as an impetus for moving into that space. “Palliative care is a nice […]
Consolidation is a growing trend in the hospice market, leading to a shrinking number of providers nationwide as smaller hospices get absorbed by larger organizations. Hospice topped other health care sectors in merger and acquisition activity this year, despite economic downturn during the COVID-19 pandemic. While M&A transactions slowed significantly early in 2020 as providers […]
Amedisys, Inc. (NASDAQ: AMED) anticipates more hospice merger and acquisitions in 2020 despite raging COVID-19 headwinds. Recovering from a drop in referrals and rising COVID-related costs during the first and second quarters, the company expects their hospice segment to grow consistently in coming years. The company has been very active in the M&A market. Acquisitions […]
Hospice and home health care provider Amedisys, Inc. (NASDAQ: AMED), has forged a partnership with BrightStar Care, which will begin offering personal care services through Amedisys Personal Care Network. Amedisys’ network helps to coordinate care between the company’s home health and hospice operations as well as partner organizations that provide personal care, such as BrightStar. […]
MJHS Hospice and Palliative Care in New York settled a whistleblower case against a former employee under the civil False Claims Act for $5.225 million. The hospice acknowledged resolution of the private citizen action filing in a statement shared with Hospice News. “The allegation was that medical record documentation for hospice levels of care for […]
Hospice providers are charging ahead with merger and acquisition transactions this year despite taking a few financial punches from the COVID-19 pandemic. While the larger health care M&A market saw more disruption, hospice activity proceeded apace according to a new report from Provident Healthcare Partners. Acquisitions in the health care services sector slowed significantly in […]
Amedisys, Inc. (NASDAQ: AMED) was among many hospice providers weathering second quarter storms in 2020 as the coronavirus pandemic continued to spread its reach into financial bottom lines. While COVID-19 headwinds have limited the provider’s anticipated recovery in Q2, improving patient volumes and shifts in regulatory rules are among the factors contributing to positive projections […]
Florida-based Hope Hospice, a subsidiary of Hope Healthcare, has settled a False Claims Act case with the U.S. Department of Justice for $3.2 million. The Justice Department alleged that the organization knowingly certified patients for hospice care who were not truly eligible and submitted false claims to Medicare, Medicaid and TRICARE, which provides insurance to […]
The COVID-19 pandemic has set off global economic shockwaves, pushing the nation and much of the world into a deepening recession. While hospices have taken significant financial blows stemming from the outbreak, leaders in the space have displayed confidence that hospice remains a recession-proof industry. The National Bureau of Economic Research (NBER) has indicated that […]
Health care organizations of all stripes have been struggling to obtain the necessary personal protective equipment (PPE) to maintain continuity of care safely during the pandemic, and hospices have been no exception. Hospice providers of all walks have had varied experiences in PPE supply lines, with some having deeper pockets and greater access than others. […]