Staff turnover and burnout have been higher since the coronavirus pandemic first hit the nation. Hospices are adopting strategies to stem the tide, with providers increasingly working to build career paths for nurses and other hospice staff. The coronavirus pandemic has taken a heavy toll on hospice staff since its onset. Slightly more than 20% […]
Rising interest from special-purpose acquisition companies (SPACs) could make competition in an already active hospice M&A market more fierce in coming years. Like private equity and other investors, SPACs are drawn to hospice by surging demographic tailwinds from the aging population. SPACs are formed with the sole intent of raising capital for the purpose of […]
Amedisys (NASDAQ: AMED) has partnered with the UMC Health System in Texas to launch a new hospice and home health location. The new operation will serve patients in Lubbock and the surrounding communities. With the COVID-19 pandemic causing patients anxiety about receiving institutional care, the outbreak has accelerated the trend of moving more health care […]
LHC Group (NASDAQ: LHCG) is stepping up efforts to recruit clinical staff to match the home health and hospice provider’s rate of expansion. The company foresees 8% growth in same-store hospice admissions during 2021 and is rapidly hiring clinicians to keep up with demand. Hospice providers often face unique recruitment challenges, particularly because medical, nursing, […]
New physician relationships are anticipated to be a major opportunity for referral partnership growth in 2021 among hospice providers. Communicating the value of hospice care to physicians will be an important key to developing and sustaining this largely untapped area of referring relationships. Demographics, evolving payment models and shifts in patient accessibility during COVID-19 are […]
Hospice and home health provider Amedisys (NASDAQ: AMED) is embracing data analytics to reduce staff turnover amid industry-wide staffing shortages exacerbated by the pandemic. The company’s system predicts with 80% accuracy whether an employee may be leaving their positions, allowing opportunities for intervention. Staffing shortages have been weighing heavily on the minds of hospice and […]
Like many health care providers, Baton Rouge, La.-based Amedisys Inc. (NASDAQ: AMED) did not come out of 2020 unscathed by the coronavirus pandemic. Nevertheless, the company’s hospice segment grew during the outbreak and is anticipated to continue expanding, largely through acquisitions. Amedisys is benefitting from demographic tailwinds of the aging population and rising utilization that […]
HCA Healthcare (NYSE: HCA) is expected pursue speedy growth for the hospice and home health business the company is set to acquire from Brookdale Senior Living (NYSE: BKD). Brookdale has entered into a definitive agreement to sell an 80% stake in its health care services segment to HCA for $400 million. Brookdale will retain a […]
Despite facing forceful pandemic-related headwinds from COVID-19, mergers and acquisitions and organic growth are fueling market share growth among the organizations listed in the LexisNexis 2020 Top Hospice Providers report. VITAS Healthcare, a subsidiary of Chemed Corp. (NYSE: CHE), led the charge as the largest hospice provider in the United States last year, with 4.42% […]
Amedisys Inc. (NASDAQ: AMED) foresees strong growth moving forward, fed by demographic tailwinds and a greater shift of health care towards the home, which has been accelerated by COVID-19. A key strategy for the company as more chronically ill seniors age into Medicare is the build up of ancillary services such as personal care and […]
