Disruption in the larger health care and aging services space adversely impacted VITAS Healthcare, a subsidiary of Chemed Corp. (NYSE: CHE), during 2020. This is particularly due to difficulty accessing patients in nursing homes, assisted living and senior housing operations, as occupancy drops due to the pandemic. The company expects some of that disruption to […]
Despite facing forceful pandemic-related headwinds from COVID-19, mergers and acquisitions and organic growth are fueling market share growth among the organizations listed in the LexisNexis 2020 Top Hospice Providers report. VITAS Healthcare, a subsidiary of Chemed Corp. (NYSE: CHE), led the charge as the largest hospice provider in the United States last year, with 4.42% […]
Regaining regular access to hospice patients in nursing homes, assisted living or other facilities is a top concern for providers, along with ongoing staffing shortages that pre-date the pandemic, according to organization leaders who responded to Hospice News 2021 Outlook Survey. The 2021 Hospice News Outlook Survey and Report, sponsored by Homecare Homebase, is informed […]
In the midst of sweeping industry-wide change, hospices are still contending with the ongoing COVID-19 pandemic that has affected almost every aspect of their businesses. As this difficult year comes to a close, hospice leaders are looking ahead to 2021 with their minds on leveraging the expansion of telehealth, encouraging equitable access to care, industry […]
VITAS Healthcare, a subsidiary of Chemed Corp. (NYSE: CHE), has expanded deeper into the Miami market with a new inpatient unit. The company expects the unit to serve more than 750 patients each year. The newly-constructed MedSquare Kendall facility is designed to provide inpatient and respite care in the Miami area with a home-like environment […]
Reps. Brad Schneider (D-IL) and David McKinley (R-WV) have introduced the Medicare Sequester COVID Moratorium Act in the U.S. House of Representatives. The bill would extend the temporary suspension of Medicare sequestration payment reductions for hospices for the duration of the federally declared COVID-19 public health emergency. The U.S. Centers for Medicare & Medicaid Services (CMS) […]
As 2021 approaches hospice providers are contending with a massive second wave of COVID-19, with the numbers of cases and fatalities escalating each day. Despite promises of a vaccine on the horizon, predicting when the pandemic will end remains impossible. For this reason, VITAS Healthcare CEO Nick Westfall says that his company is planning for […]
VITAS, the hospice subsidiary of Chemed Corp. (NYSE: CHE), continues to achieve financial growth despite seeing a drop in median patient length of stay and a reduction in high acuity services, such as general inpatient care and continuous home care. The pandemic has led to a drop in referrals from nursing homes and assisted living […]
VITAS Healthcare, a subsidiary of of Chemed Corp. (NYSE: CHE), has expanded in the San Antonio market with a new inpatient unit. The company expects the unit to serve more than 700 patients each year. The 14-bed unit is designed to create a homelike environment for patients and families, according to VITAS. Patients will be […]
A rise in patient census pulled up revenues for hospice provider VITAS Healthcare, a subsidiary of Chemed Corp. (NASDAQ: CHE) in the second quarter, despite declining admissions and rising expenses stemming from the COVID-19 pandemic. In addition to VITAS, Chemed owns the plumbing company Roto-Rooter. The company’s average daily census reached 19,195 patients during the […]
By continuing to use the site, you agree to the use of cookies. more information
The cookie settings on this website are set to "allow cookies" to give you the best browsing experience possible. If you continue to use this website without changing your cookie settings or you click "Accept" below then you are consenting to this.
