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. […]
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 […]
LHC Group (NASDAQ: LHC) is pushing back against pandemic-associated labor headwinds. With hiring up and turnover down, the company hopes to build on that momentum while pursuing joint venture and acquisition opportunities. LHC Group enhanced its recruitment and retention strategies during the past two years. The company in 2020 piloted a regional approach to recruitment […]
“Workforce optimization” is the watchword at Baton Rouge, La.-based Amedisys Inc. (NASDAQ: AMED). The company seeks to build clinical capacity to support its long-term expansion, expecting to achieve growth at a higher rate than a projected 7% to 8% for the overall hospice market, according to President and COO Chris Gerard. With labor pressures the […]
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 […]
Private equity firm Towerbrook Capital Partners and health system Ascension Health have agreed to purchase the Nashville-based hospice provider Compassus at a valuation of $1 billion, with multiples of EBITDA in the low teens, PEHub.com reported. The two companies will split ownership of Compassus down the middle, each holding an equal stake, according to PEHub.com. […]
Global private equity firm Advent International, has agreed to acquire Dallas-based post-acute and hospice provider AccentCare Inc., for an undisclosed amount. The transaction is Advent’s first acquisition in the hospice and home health space, company representatives told Hospice News. Advent will purchase the company from Oak Hill Partners, a private equity company based in New […]
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