Most hospices are sliding into 2023 between a rock and a hard place, beset by headwinds, labor shortages and questions with no easy answers. Through the cracks, providers can see glimmers of improvement. A number of hospice leaders anticipate that the industry will settle into a “new normal,” having absorbed the shock of the pandemic […]
Enhabit, Inc. (NYSE: EHAB) has acquired Southwest Florida Home Care, Inc.’s home health agency in Fort Myers for an undisclosed sum. The transaction expands Enhabit’s home health footprint in Florida to 22 locations. Acquisitions have been on the menu since day one for Enhabit, which spun off from Encompass Health (NYSE: EHC) in July. The […]
While home health operators brace for the impact of the meager 2023 reimbursement rates, hospices likewise must prepare for a ripple effect. The U.S. Centers for Medicare & Medicaid Services (CMS) recently established a 0.7% base rate payment increase for home health care in 2023. While this is an improvement from the 4.2% aggregate cuts […]
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 […]
Enhabit Home Health & Hospice (NYSE: EHAB) is adapting some aspects of how they integrate newly acquired hospice assets. Early on the company would implement a set of processes that were symmetrical with those in its home health business, but agencies in its hospice segment experienced some difficulties with those transitions. This contributed to a […]
Hospices are beginning to leverage technologies used to identify eligible patients in need to recruit and retain staff amid ongoing workforce shortages. Systems like artificial intelligence (AI), predictive analytics, and machine learning have helped providers identify eligible patients sooner in their disease process. Hospices are now applying those tools to help relieve industry-wide labor pressures. […]
Enhabit Home Health & Hospice (NYSE: EHAB) slowed its growth trajectory during the third quarter due to labor headwinds and some state licensing delays for its de novos. The home health and hospice provider spun off from Encompass Health (NYSE: EHC) in July. The close of Q3 marked the company’s first quarter as a separate […]
Jay Duty, the newly appointed senior vice president and chief corporate development officer of Enhabit Home Health and Hospice (NYSE: EHAB), is spearheading the company’s ambitions for growth, including acquisitions and de novos. Duty transitioned to Enhabit from Encompass Health (NYSE: EHC), where he served as vice president of strategy. Enhabit spun off from Encompass […]
Enhabit Home Health and Hospice (NYSE: EHAB) has acquired Texas-based Caring Hearts Hospice for an undisclosed amount, adding four locations to the company’s footprint in the state. Enhabit emerged from the spinoff of Encompass Health’s (NYSE: EHC) home health and hospice segment, which completed in July. The company is pushing to grow right out of […]
Technology, cost control, and family caregiver support have emerged as cost-saving strategies as headwinds mount for hospice providers. Efficiency has become a watchword in the hospice space. Providers, many of whom are unstaffed, have sought ways to do more with fewer resources and to relieve some of the burden on employees. A range of operators […]
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