Private Equity Investment in Hospice Hits All-Time High, Valuations Rising

Private equity interest in the hospice sector has been gaining momentum in recent years, raising the stakes in hospice deals and stepping up competition for acquisition targets. Private equity transactions and an influx of new deals during 2021 could drive up hospice valuations that have already reached record highs. The hospice market remained extremely active […]

Hospice of the Western Reserve Breaks Ground on $3.25 Million Care Solutions Center

Hospice of the Western Reserve has begun construction on a $3.25 million facility built with an advanced technology system aimed at improving operational efficiency and patient experiences. The new Care Solutions Center represents a technological investment anticipated to bring in significant savings in the long-term, according to president and CEO William Finn. Hospice of the […]

Husch Blackwell Secures $44 Million Cut in Hospice Overpayments

Health care law firm Husch Blackwell secured a $44 million reduction in Medicare overpayment charges for an unnamed hospice client involved in an audit. The firm’s hospice and palliative care team appealed the overpayment finding, and the U.S. Centers for Medicare & Medicaid Services (CMS) dismissed the claim denials. This left the hospice with a […]

HHS Releases New PRF Funding Requirements, Delays First Reporting Deadline

The U.S. Department of Health & Human Services (HHS) released new reporting requirements and guidance for the billions of dollars distributed to health care providers battling the pandemic. Hospice providers and advocates are calling for clarification around allowable expenses as the first reporting deadline looms in the horizon. Wading through these murky waters will take […]

Hospice Employees May Turn to Unions if Feeling Unheard

Listening to hospice employees and addressing their needs and concerns is essential to staff recruitment and retention. Failing to do this could also motivate staff to pursue unionization, according to lawyers from the firm Husch Blackwell.  Unionization is uncommon in hospice, but local media reports in some communities show that the movement has gained some […]

Hospices Contend with COVID Relief Funding Questions

Under the CARES Act enacted in March, many hospice providers nationwide received federal relief funding to provide monetary support as they reeled from the fallout of the coronavirus pandemic. As the U.S. Department of Health & Human Services (HHS) distributed millions of often unsolicited dollars from the Public Health and Social Services Emergency Fund, legal […]