Wages for hospice aides and CNAs are rising faster than those for other interdisciplinary team members as providers seek to stem rampant turnover among those employees. The national average hourly rate for hospice aides and CNAs rose 9.09% in 2022, compared to a 4.52% increase in 2021, according to the 2022-2023 Hospice Salary & Benefits […]
Pennant Group reorganizes its executive team The Pennant Group, Inc. (NASDAQ: PNTG) recently began the hunt to fill CFO and chief investment officer roles. This follows the recent announcement that Derek Bunker has resigned as Pennant’s chief investment officer, executive vice president and corporate secretary, effective Dec. 31, 2022. “On behalf of the Pennant team, […]
The nation’s veterans are aging along with the rest of the U.S. population, and hospices are developing more programs and resources to address their unique needs. Veterans of the Vietnam conflict range in age from 62- to 104-years old, and they now represent the largest contingent of former military who are approaching the end of […]
Nashville-based HCA Healthcare Inc. (NYSE: HCA) and the University of Central Florida (UCF) recently added a new graduate fellowship in hospice and palliative care medicine to their existing repertoire of training programs. The program will accept two fellows annually. The fellowship will launch in July 2023 at HCA Florida Osceola Hospital, the Orlando VA Medical […]
Hospices are allocating more financial and operational resources on staffing initiatives than ever before to remain afloat and grow. Recruitment and retention have been top of mind for hospice providers amid ongoing workforce shortages that have only worsened with the pandemic. More than 67% of the 203 hospice care professionals surveyed indicated that staffing would […]
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 […]
The interventions that VITAS Healthcare has implemented in response to the industry-wide labor shortage have generated some positive momentum that extends beyond the number of workers on the payroll. VITAS is a subsidiary of Chemed Corp. (NYSE: CHE). Like many in the space, the hospice provider has been fighting an uphill battle against COVID headwinds […]
Florida-headquartered Chapters Health System recently received a green light to advance on expansion plans across the state’s west central coast. In August, post-acute care provider Chapters set its sights on expanding its hospice business into Florida’s Pinellas County. The Florida Agency for Health Care Administration (AHCA) recently awarded the company a certificate of need (CON) […]
VITAS Healthcare, a subsidiary of Chemed (NYSE: CHE), is seeing the benefits of ongoing community access initiatives as it continues to battle headwinds that started with the COVID-19 pandemic. Since 2020, the company has been beleaguered by the staffing shortage, reduced lengths of stay, and disruption in skilled nursing, senior housing, and to some extent […]
Expansion across the care continuum is a key to sustainable growth for hospices, according to executives from some of the industry’s largest companies. The hospice industry has been ripe for growth in recent years, plucking the interest of investors from all walks. Hospices have dug deep into the roots of their growth strategies as competition […]
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.
