Hospice’s Outlook in Value-Based Care

Data are key to understanding how value-based care has helped highlight quality benefits of hospice. The U.S. Centers for Medicare & Medicaid Services (CMS) is sunsetting the hospice component of the value-based insurance design (VBID) as of Dec. 31. Commonly called the hospice carve-in, the program in 2021 began testing the coverage of hospice through […]

3 Palliative Care Providers to Watch

As the demand for palliative care continues to grow, so too has the way businesses have bolstered their programs to better serve patients. Providers are consistently looking for new methods to deliver responsive, value-based services that can generate savings and reduce high-acuity utilization. Hospice News spoke with three palliative care providers that have risen to […]

Prospero Health to Merge with Landmark within UnitedHealth Group’s Optum

After quietly being acquired by Optum toward the beginning of last year, home-based care provider Prospero Health is merging with Landmark Health. The two companies are under the ownership of UnitedHealth Group (NYSE: UNH) subsidiary Optum. Landmark reportedly joined Optum at the beginning of 2021. Both Landmark and Prospero are major palliative care providers in […]

5 Game-Changing Hospice Deals from 2022

Though hospice deal volume dipped in 2022 compared to previous years, five particular transactions could paint a larger picture of where investors see value in the space. These interesting, unusual or groundbreaking deals could signal what’s to come in 2023 and help shape the hospice market’s long-term future. Optum to pick up LHC Group Though […]

Optum’s LHC Group Acquisition Expected to Close in Q1 2023

The anticipated acquisition of LHC Group (NASDAQ: LHCG) by the UnitedHealth Group (NYSE: UNH) subsidiary Optum is now expected to close during the first quarter of 2023. Optum in April announced its agreement to purchase the Lafayette, Louisiana-based home health and hospice provider for $5.5 billion. Initially expected to close this year, LHC Group today […]

Hospices Expect ‘Seamless’ Transition from Direct Contracting to ACO REACH

The U.S. Centers for Medicare & Medicaid Services (CMS) direct contracting model demonstration is transforming, the agency announced last week. In the intervening days, the hospice providers who had prepared to participate in those programs have sought answers as to where they fit in this new direction. CMS is replacing the Global and Professional Direct […]

Landmark Health’s Schwartz-Chevlin: Pandemic Has Opened the Public’s Eyes on Advance Care Plans

The pandemic has spurred more patients and families to discuss their end-of-life wishes, prompting greater utilization of advance care planning. This trend has health care providers increasingly seeking out gaps they can fill to ensure that patients receive care concordant with their goals and wishes. Jill Schwartz-Chevlin, M.D., senior medical officer of Landmark Health, has […]

Vistria Group’s Loporcaro: ‘Elevate Hospice into Value-Based Care’

Former Landmark Health CEO Nick Loporcaro recently joined the Chicago-based private equity firm The Vistria Group as a senior operating partner. Vistria currently counts hospice provider Mission Healthcare in its portfolio. While Mission is Vistria’s only current hospice asset, the firm is a long-time investor in the hospice space. Late last year, Vistria sold Agape […]

Hospice Providers See Strong Opportunities in High-Needs Direct Contracting

A rising number of hospice and palliative care providers are turning their eyes towards the Center for Medicare & Medicaid Innovation’s high-needs direct contracting payment option, which is designed for coverage of patients with multiple serious or chronic conditions. Since becoming operational April 1, hospices have increasingly adapted their services and programs to fall under […]

Hospices Can Expect More Value-Based Payment, Despite SIP, Direct Contracting Delays

As the Biden administration reviews value-based programs put forth during the Trump years, hospice and palliative care providers have had to recalibrate as the new payment models they were expecting hang in limbo, including the direct contracting program and the Primary Care First Serious Illness Population (SIP) model.  Regarding the SIP model, providers have little […]