Hospice providers, like much of the health care community, have turned to contract staffing services to supplement their workforce during the pandemic. Hospices have stated intentions to reduce that trend as infection rates fall, but evidence suggests that contract labor utilization is unlikely to return to pre-pandemic levels. Hospices may continue to find themselves competing […]
Reps. Peter Welch (D-Vt.) and Morgan Griffith (R-Va.) this week led a bipartisan coalition of more than 200 members of Congress urging the Biden administration to investigate alleged price gouging by nurse staffing agencies. Demand for contract nurses has risen sharply during the past two years due to the pandemic. The legislators penned a letter […]
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 […]
HCA Healthcare Inc. (NYSE: HCA) – the big Nashville, Tennessee-based hospital network – is looking to make serious integration progress on the hospice and home health assets it purchased from Brookdale Senior Living Inc. (NYSE: BKD) last year. “We’re in the early stages of integration,” HCA CEO Sam Hazen said during a fourth-quarter earnings call […]
Hospice providers saw a great deal of change during 2021. The industry continued to reel from a global pandemic while enduring worsening labor pressure. The market saw shake-ups through massive mergers and acquisitions that reshaped the competitive landscape, as well as regulatory enforcement reform and the onset of the Medicare Advantage hospice carve-in — to […]
Hospice News spoke with a group of industry leaders about the most pressing market forces and trends that will shape the space during 2022. Their comments carried some common threads, including rising demand for care in the home, continued labor pressures and industry consolidation, the involvement of hospice in Medicare Advantage and intensifying regulatory scrutiny. […]
LHC Group (NASDAQ: LHC) had a record-breaking year when it came to acquisitions during 2021, with much of that activity leaning towards hospice. As 2022 begins, the company is focused on integrating those new assets and elevating their performance to its full potential, while fueling further growth with de novos and its joint venture strategy. […]
This year was transformational for the hospice space. The industry took its first steps towards value-based payment through the hospice component of the value-based insurance design model, or Medicare Advantage hospice carve-in. Providers also saw an overhaul of the U.S. Centers for Medicare & Medicaid Services’ (CMS) survey process, all while contending with COVID-19 headwinds […]
Bruce Greenstein, chief strategy and innovations officer for LHC Group (NASDAQ: LHCG). He leads the hospice and home health giant’s value-based contracting, accountable care organization management company, and alternative payment and delivery model strategies, while overseeing the technology and innovations business segments. Prior to joining LHC Group, Greenstein was chief technology officer for the U.S. […]
Home health and hospice provider LHC Group (NASDAQ: LHCG) will buy back as much as $250 million of its common stock, using a mix of cash on hand, future cash flow and borrowed funds. The buy back comes at a time when the company is implementing a multifaceted plan to power through the industry-wide labor […]
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.
