Hospices’ public outreach efforts have evolved in recent years, with providers finding new strategies to dispel myths that have long impeded access to care. Nearly half, or 49.1%, of all Medicare decedents utilized hospice services in 2022, reported the National Alliance for Care at Home. National hospice utilization rates have hovered around this vicinity for […]
Hospice is a unique specialty in health care, and many nurses entering the field are unsure of what to expect. However, they can rely on more experienced nurses for guidance as they begin their professional journeys. The demand for hospice and palliative care in the United States is projected to outstrip the supply of the […]
As M&A in the for-profit space continues its two-year slump, nonprofits are consolidating in rising numbers. Recent years have seen an uptick in consolidation activity among nonprofits in the hospice space. Increasingly, nonprofits are pursuing acquisitions and affiliations, as well as forming regional collaboratives. In addition, some nonprofits have also been acquired by for-profit companies. […]
Hospice care does not occur in a vacuum, and many operators find themselves building partnerships with other community organizations to better serve patients and support their staff. Providers work with other institutions to provide general inpatient and respite care, address social determinants of health and improve health equity, among other initiatives. Some also partner with […]
Michele Senbertrand, Palliative Care Nurse Practitioner for By The Bay Health, has been named a 2023 Frontline Honors honoree by Hospice News. To become a Frontline Honoree, an individual is nominated by their peers. The candidate must be a dedicated, high-performing frontline worker who delivers exceptional experiences and outcomes; a passionate worker who knows how […]
An increasingly diverse base of health care providers have taken an interest in the palliative care space, a trend that could be indicative of how strategic growth is taking shape in the field. As they build out their palliative care programs, many of these organizations are pursuing partnerships to foster coordination and growth. A range […]
Recent years have seen an uptick in consolidation activity among nonprofits in the hospice space. Increasingly, nonprofits are pursuing acquisitions and affiliations, as well as forming regional collaboratives. To achieve these kinds of growth, hospices must consider whether they should affiliate or buy another company outright. Each approach comes with benefits and risks. Rising operating […]
The palliative care space is at an inflection point at which unprecedented awareness and demand are fueling growth that could be hampered by limited reimbursement and staffing shortages. Palliative Care News spoke with a group of industry leaders about the most impactful forces that will shape the space in the coming year. Some of the […]
A rich mix of hospice merger and acquisition (M&A) activity at the end of 2023 is fueling trends into next year. Hospice M&A activity has diverged from the frenzied pace set in recent years. The hospice space in the last five years has seen record-breaking multiples, a prevalence of private equity-backed platform transactions and large-scale […]
Three independent providers — By the Bay Health, Mission Hospice & Home Care and Hope Hospice — will merge, becoming the largest nonprofit hospice network in northern California. By the Bay and Mission in September announced their plans to merge. In the intervening months, Hope Hospice also joined the transaction. The organizations indicated that joining […]
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