Capital Caring Health and Chapters Health System have officially joined forces as their affiliation plans solidify. The two nonprofit hospice and palliative care providers recently closed on an affiliation they announced at the end of last year. Capital Caring and Chapters Health will each retain their individual branding post-transaction. The affiliation will mean that more […]
Cornerstone Hospice & Palliative Care
Shake Ups in St. Croix’s Executive Level St. Croix Hospice recently made changes to its executive team. The changes are intended to support the organization’s future growth. St. Croix provides hospice to nearly 4,000 patients daily across the Midwest. The hospice provider operates 60 locations in 10 states. The hospice promoted Eric Lewis to chief […]
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) […]
Last year finished with a flurry of hospice transactions, with private equity groups continuing to show ample interest in the space. Overall, there were at least 23 hospice-related deals in 2021’s fourth quarter, according to a recently released report from M&A advisory firm Mertz Taggart. That total is on par with the 23 that came […]
Florida-headquartered Chapters Health System and Cornerstone Hospice & Palliative Care have reached an affiliation agreement that promises to make the combined organization the nation’s largest nonprofit hospice provider and the sixth largest overall. An affiliation is essentially an acquisition in the nonprofit space. During 2020, Chapters unveiled two affiliation strategy programs designed to bolster its […]
Florida-based Cornerstone Hospice & Palliative Care is building a new inpatient hospice house near the campus of Orlando Health, a local referring hospital. The facility is intended to provide the hospice’s most acute patients and families in the community with a home-like setting at the end of life. Cornerstone’s president and CEO Chuck Lee told […]
The U.S. Centers for Medicare & Medicaid Services (CMS) is experimenting with the concept of including hospice in value-based payment models, as evidenced by the forthcoming Medicare Advantage carve-in, the Medicare Care Choices model and the Primary Care First initiative. While the agency has no immediate plans to transform the Medicare Hospice Benefit’s per diem […]
Chuck Lee took the helm of Florida-based Cornerstone Hospice & Palliative Care, Inc. in 2013 after spending more than a decade as a hospice executive working to develop strategic plans, develop new leaders, grow census and expand service areas into new markets. He has also served as board chair for the Florida Hospice & Palliative […]
Medications are a top expense for hospice providers, who are dependent on capitated per diem payments from Medicare. Hospices can’t increase the amount of their income per patient, so they must rely on creating efficiencies and effective cost management to raise their margins. In addition to medications themselves, hospices spend time, effort and money on […]