When it comes to labor, hospice providers are walking a balance beam between the need to increase capacity and the long-term sustainability of offering bonuses, tech investments and larger benefits packages. Publicly traded hospice providers have reported improvements on turnover and workforce shortages. But the strides have come at a cost. While the public companies […]
VITAS Healthcare, a subsidiary of Chemed Corp. (NYSE: CHEM), has expanded one of its inpatient hospice units in Florida. VITAS’ new hospice facility at Broward Health Coral Springs features 12 patient beds, a kitchen and a family room. The facility replaces a temporary unit with eight inpatient beds that VITAS began operating at the hospital […]
Chemed Corp. (NYSE: CHE) VITAS Healthcare has appointed Alexander Fernandez as its CFO and executive vice president (EVP). Fernandez oversees the Florida-based hospice company’s finances, investor relations and accounting functions. He will also help to drive VITAS’ growth, accelerate positive financial trends and ensure compliance. Fernandez joins the company at a crucial point in its […]
Chemed Corp. (NYSE: CHE) subsidiary VITAS Healthcare is banking on improved recruitment and retention to spur upward movement on patient census, admissions and length of stay. The company is leveraging two interventions implemented last year to build forward momentum, its Community Access Initiative and its recruitment and retention bonus program, according to VITAS President and […]
As the health care ecosystem changes, hospices will have to evolve. Going forward, this will likely include more engagement with managed care organizations. Though hospices operate within the dedicated Medicare benefit, market forces in the system at large wield considerable influence on how they operate — including the meteoric rise of managed care. This is […]
Seeds of optimism are taking root among hospice providers that industry-wide labor pressures may improve this year. Though staffing remains the greatest challenge in 2023, conditions are improving, reported more than half (54%) of hospice and palliative care professionals in this year’s Hospice News Industry Outlook Survey, prepared in collaboration with Homecare Homebase. Last year, […]
More providers are investing in virtual reality (VR) programs as a growing body of research shows that it can ease pain symptoms and improve outcomes for palliative care patients. Virtual reality technology can reduce the use of high-cost pain therapy services and medications, according to Dr. Joseph Shega, executive vice president and chief medical officer […]
Opportunities exist within risk-based payment models to improve coordination among providers and transitions of care between settings, according to Dr. Joseph Shega, executive vice president and chief medical officer for VITAS Healthcare, a subsidiary of Chemed Corp. (NYSE: CHEM). While the Medicare benefit covers the vast majority of hospice care in the United States, other […]
The possibility exists that hospice care will change more in the next few years than it has during the previous four decades. The Medicare Hospice Benefit turned 40-years-old in 2022, and in that time the program has remained fundamentally unchanged. Adjustments have occurred, like implementation of the “U-shaped curve” in reimbursement, the service intensity add-on […]
Hospice News spoke with a group of industry leaders — from publicly traded companies, private firms and nonprofit organizations — about the major trends and most pressing concerns on their radar as the new year approaches. Common threads among their remarks show that leaders in the hospice community continue to have their eyes on pervasive […]
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