Hospice chaplains often have little recourse for upward mobility along their career ladders. This can make recruitment and retention difficult among the next generation of the spiritual care workforce. More professionals from a wider range of interfaith groups are entering the field, according to Shana Sullivan, bereavement coordinator of Texas-based Heart to Heart Hospice. Sullivan […]
As M&A in the for-profit space continues its two-year slump, nonprofits are consolidating in rising numbers. Recent years have seen an uptick in consolidation activity among nonprofits in the hospice space. Increasingly, nonprofits are pursuing acquisitions and affiliations, as well as forming regional collaboratives. In addition, some nonprofits have also been acquired by for-profit companies. […]
Blue Ridge Hospice Welcomes New VP of IT Virginia-based Blue Ridge Hospice has named Mohamad Hamad as its new vice president of information technology. Hamad will be responsible for implementing new technologies at the hospice organization that create operational efficiencies, improve patient care delivery and support its strategic initiatives. Technology will play a key role […]
Empath Health has completed its affiliation with Trustbridge, making the organization the largest nonprofit post-acute care provider in the state of Florida. The affiliation includes Trustbridge’s hospice brands, Hospice of Palm Beach County and Hospice by the Sea. Empath offers hospice care through several brands, including Tidewell Hospice, Suncoast Hospice, Empath Hospice, Hospice of Marion […]
A rich mix of hospice merger and acquisition (M&A) activity at the end of 2023 is fueling trends into next year. Hospice M&A activity has diverged from the frenzied pace set in recent years. The hospice space in the last five years has seen record-breaking multiples, a prevalence of private equity-backed platform transactions and large-scale […]
Investment trends in the hospice industry have meandered in recent years, impacting providers’ approaches to growth in 2024. The mix of hospice buyers has become more diverse during the past five years to include more private equity investors, large health and hospital systems and home health companies, along with payers. These trends will have lasting […]
As audits proliferate in the hospice space, providers can benefit from understanding the appeals process. Hospices are increasingly wading through an alphabet soup of auditing activity in the industry. Auditing types anticipated to ramp up in hospice include Targeted Probe and Educate (TPE) audits conducted by Medicare Administrative Contractors (MACS) and others involving Unified Program […]
The nonprofit post-acute care providers Empath Health and Trustbridge have signed a memorandum of understanding to begin an affiliation between the two organizations. Discussions of a potential affiliation began about a year ago, according to Empath Health CEO Jonathan Fleece. The organizations had a prior connection through the Florida Hospice and Palliative Care Association, as […]
Some hospice owners have been selling their businesses soon after securing a license. This has prompted federal agencies to pursue new regulations to address the problem. The practice appears to stem from a rash of newly licensed hospices that have emerged in California, Nevada, Texas and Arizona. Some of these providers have secured licenses, as […]
Increasingly, both policymakers and providers are seeing potential opportunities to reform the Medicare Hospice Benefit, including the prospect of concurrent care. Driving these conversations is the need to lighten the nation’s heavy health care spend, which in 2021 reached $4.3 trillion, according to the U.S. Centers for Medicare & Medicaid Services (CMS). Questions are also […]
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