Though labor shortages persist, glimmers of hope are on the horizon. Employment in the home-based care sector rose above pre-pandemic levels in 2023, according to the Medicare Payment Advisory Commission (MedPAC). The U.S. Department of Commerce defines this sector to include hospices, home health agencies, private duty, pediatric agencies and other providers of care in […]
The Medicare Payment Advisory Commission (MedPAC) has recommended to Congress a freeze on hospice payment increases starting in 2025. In its annual report to Congress, MedPAC urged policymakers to eliminate hospice base-rate increases for 2025. “Based on the positive indicators of payment adequacy and strong margins, the Commission concludes that current payment rates are sufficient […]
The Medicare Payment Advisory Commission (MedPAC) has voted to recommend a freeze on hospice payment increases starting in 2025. However, the commission pulled back on prior calls for cuts to the aggregate payment cap. While MedPAC cannot implement policy or payment rate changes, it does make annual recommendations to Congress and the U.S. Centers for […]
The Medicare Payment Advisory Commission (MedPAC) has once again recommended a 20% cut to the aggregate cap for hospice payments. The commission also called on Congress to wage adjust the cap. MedPAC has called for similar cuts annually since 2018, but to date, Congress has not implemented these reductions. The U.S. Centers for Medicare and […]
SolutionHealth and Home Health & Hospice Care (HHHC) are merging to expand access to post-acute care services across the southern New Hampshire communities, including hospice care. Financial terms of the transaction are yet to be determined pending satisfactory completion of final due diligence and regulatory approval. Both companies expect the affiliation to complete later this […]
The Medicare Payment Advisory Commission (MedPAC) at its January meeting unanimously voted to recommend to Congress that no Medicare payment increases for hospices be implemented in Fiscal Year 2021, as well as a 20% reduction in the aggregate payment cap. These proposals are not a done deal. Congress would have to accept these recommendations before […]
Patient populations who experienced longer lengths of stay boosted hospice margins by as much as 20% during 2016, according to a new report from the Medicare Payment Advisory Commission (MEDPAC). Financial data in the MEDPAC report reflects the first year of data following 2016 revisions to the Medicare payment system for hospice. The final rule […]
For-profit providers are dominating the hospice market. The number of hospice providers in the United States during 2017 rose 2.4 percent, with for-profit providers representing 100 percent of the growth, according to the Medicare Payment Advisory Commission (MEDPAC) annual report to Congress. That same year, the number of non-profit hospices declined 3.5 percent. Larger numbers […]
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