Labor shortages and other headwinds have battered hospices during 2022, including large companies. Some of these providers are making near-term investments that cut into revenue but are expected to pay off in the long run. Providers are seeing troubles on multiple fronts, as reflected in third quarter earnings reports. This year brought the return of […]
With hospice providers reporting fewer staff in quarantine, many hope to reduce their utilization of temp nursing services — as well as the higher labor costs that come with them. But the reality won’t be that simple. Indicators suggest that demand for temp nurses is dipping slightly, and rates may be starting to fall. However, […]
The U.S. Centers for Medicare & Medicaid Services (CMS) recently proposed a 2.7% pay increase for hospice care for Fiscal Year 2023. However, that amount may be a drop in the bucket as COVID-19 headwinds rage, inflation surges and employee wages climb. Beyond the rising costs, Medicare is phasing in the return of payment sequestration, […]
Aveanna Healthcare (NASDAQ: AVAH) is seeing strong returns from its hospice and home health acquisitions while continuing to battle labor headwinds. Industry-wide, workforce pressures from staff shortages and rising wages have not relented. While clinical staff were dwindling prior to the pandemic, the pace accelerated when COVID-19 struck. The surges that occurred late last year […]
Hospice providers now compete for new hires as fiercely as they do for market share. And with that competition heating up this year, the largest home health and hospice companies are streamlining their recruitment and onboarding processes to enable more clinicians to hit the ground running. In tandem with those initiatives, hospice employers are enhancing […]
Aveanna Healthcare Holdings (NASDAQ: AVAH) has streamlined its hiring and on-boarding process to more quickly replenish its workforce in a tight labor market. The industry-wide staffing shortage may be the company’s most significant headwind as it expands its hospice and home health care footprint. The Atlanta-based hospice, home health, private duty and pediatric services provider […]
Encompass Health Corporation (NYSE: EHC) last week announced it was keeping its options open on the potential sale or merger of its home health and hospice segment, Enhabit Home Health & Hospice. The spinoff saga continues to evolve, with new reports Monday naming Aveanna Healthcare Holdings (NASDAQ: AVAH) and global private equity firm Advent International […]
Hospice agencies have been in high demand in the health care mergers-and-acquisition market in recent years, particularly among private equity firms. As that trend continues, some hospices themselves are considering their own investments in businesses that can bolster their current services and bottom lines, including private-duty and non-medical home care care. A few factors are […]
Aveanna Healthcare (NASDAQ: AVAH) has completed its acquisition of Comfort Care Home Health for $345 million. Comfort Care provides hospice and home health care in Alabama and Tennessee. Aveanna was born in 2017 through the merger of Epic Health Services and Pediatric Health Services and since then has scaled its business by a factor of […]
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