Aveanna Healthcare Holdings, Inc.’s (NASDAQ: AVAH) hospice and home health segments saw small jumps in the third quarter, but these lagged behind the company’s growth targets. The end of this year’s Q1 marked Aveanna’s first year as a publicly traded organization. Founded in 2017, the company launched a $458.8 million initial public offering (IPO) last […]
Hospices are beginning to leverage technologies used to identify eligible patients in need to recruit and retain staff amid ongoing workforce shortages. Systems like artificial intelligence (AI), predictive analytics, and machine learning have helped providers identify eligible patients sooner in their disease process. Hospices are now applying those tools to help relieve industry-wide labor pressures. […]
As hospices sweat over recruitment and retention, many say that competition on wages and benefits is the leading barrier, as well as widespread misperceptions of their services. Their employees, however, also cite burnout and the lack of flexibility of a career path as reasons they may leave the field. A majority of hospices who responded […]
If enacted, the recently reintroduced Palliative Care and Hospice Education Training Act (PCHETA) could make a dent in the recruitment barriers that hospices keep hitting. But clinical education will need a much larger boost to ensure a sustainable workforce, according to many providers. The training issue is a serious impediment to hospice recruitment, as very […]
For the exhausted health care labor force — many of whom have left the industry — money talks. Aveanna Healthcare Holdings (NASDAQ: AVAH) recently conducted an analysis of workforce trends that suggested that higher compensation may be the most important consideration for prospective employees, particularly in light of rising inflation. “We’ve just finished a pretty […]
The nation’s health care system is lacking in support for caregivers of the terminally ill, who are often left with a heavy financial and logistical burden. Without assistance or relief, these difficulties can impede access to hospice. Research has shown that patients who are faced with end-of-life decisions may be less likely to choose hospice […]
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