Elevated turnover rates are nibbling at hospices’ profit margins. A recent, nationwide BerryDunn survey of home health and hospice providers found that those who have experienced high turnover rates also sustained significant blows to their bottom lines. Providers with a turnover rate of 10% or less among staff reported seeing margins rise on average by […]
The State of New York’s recently approved budget for Fiscal Year 2023 required that home care and hospice aides be paid at least $2 more than the state’s $15 standard minimum wage. While these workers are among the lowest paid in health care, this could put providers in a bind without corresponding increases to reimbursement. […]
Florida’s state government have green lit the expansion of hospice programs in seven counties. The Florida Agency for Health Care Administration (AHCA) indicated earlier this year that it would approve four hospice certificates of need in 2021, but ultimately decided to issue twice as many. Hospice utilization runs high in Florida, reaching a rate of […]
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