By the Bay Health CEO Steps Down After nearly a decade in the role, California-based By the Bay Health CEO Kitty Whitaker recently announced plans to retire this spring. Whitaker has been at the helm of the nonprofit since 2014, serving as COO prior to that. She became a hospice nurse for By the Bay […]
The recent article by the New Yorker and ProPublica that branded “hospice” as a profiteering “hustle” was an outrageous misrepresentation of the provider community. Starting with the headline, the story uses “hospice” as a monolithic term that makes little distinction among individual providers — heralding its overgeneralized and oversimplified perspective. In many instances information that […]
Amedisys (NASDAQ: AMED) has agreed to purchase the hospice and home health operations of the Nebraska-based nonprofit Visiting Nurse Association (VNA). The transaction is expected to close July 1. Financial terms were undisclosed. VNA serves patients in Omaha, Neb., Council Bluffs, Iowa, and surrounding areas. The 125-year-old organization pursued the sale in order to ensure […]
Hospice organizations and private equity investors are under increasing legal and regulatory scrutiny related to medical necessity complaints under the False Claims Act. A report from Bass, Barry, and Sims shows that a leading cause of fraud involves hospices billing Medicare for services for which patients were not eligible. This resulted in several multi-million dollar […]
The U.S. Supreme Court is mulling whether it will hear arguments in a False Claims Act (FCA) case involving the hospice provider Care Alternatives. FCA actions pertaining to hospices most commonly focus on questions of a patient’s eligibility for those services. A 2019 report from the law firm of Bass, Barry, and Sims indicated that […]
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 […]
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 […]
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