The Top 10 Largest Hospice Providers of 2019

Though the hospice space remains fragmented, mergers and acquisitions are driving up market share, particularly for large providers. Along with service diversification and application of emerging technologies, M&A is helping to drive growth among the organizations named in LexisNexis Top 100 Hospices of 2019. With 4.5% of market share, VITAS Healthcare, a subsidiary of Chemed […]

Lack of Palliative Care Definition Impacts Patients, Hospice Business

Community-based palliative care is expanding exponentially nationwide with hospice providers at the forefront, but efforts to build care and payment models are hitting a wall due to the lack of a standardized definition for those services. Patients and families who are facing serious illness need palliative care, and providers need sustainable payment and clinical models. […]

Rising Admissions Fuels Growth at VITAS Healthcare

VITAS Healthcare has seen substantial growth in same-store admissions during the third quarter of the year, boosting its revenues, according to financial results posted by the hospice provider’s parent company, Chemed Corp. (NYSE: CHE). VITAS admissions rose 4.4% from Q3 2018’s numbers to 17,131 patients. This is slightly stronger than the company’s second-quarter 2019 admissions […]

Hospice Industry Seeks Solutions to Issues in OIG Reports

Debate continues about how the hospice industry, as well as regulators, should respond to the reports on hospice care issued in July by the U.S. Department of Health and Human Services Office of the Inspector General (OIG) that included recommendations to the U.S. Centers for Medicare & Medicaid Services (CMS) on changing their processes for […]

As Technology Advances, Hospice Evolves

Hospice is in a state of flux. The industry is evolving with the changing health care landscape in terms of practice, payment models and the pervasive presence of technology. Hospices nationwide are leveraging technological advancement to improve their workflows, improve efficiency and enhance patient care. Technologies such as predictive analytics, telemedicine systems, artificial intelligence and […]

Addus Completes $130 Million Purchase of Hospice Partners of America

Hospice and home health care provider Addus HomeCare Corporation (NASDAQ: ADUS) has completed a $130 million purchase of Birmingham, Ala.-based Hospice Partners of American, LLC. The $130 million purchase price represents $118 million of value, net the present value of $11.6 billion of estimated tax benefits, according to Addus. The Hospice Partners transaction was funded […]

VITAS CEO: Hospice Leaders Must be Advocates for Industry, Patients

Nick Westfall took the helm of VITAS Healthcare in 2016 after serving for four years as senior vice president of operations.  VITAS is the largest single-source provider of end-of-life care in the United States. A subsidiary of Chemed Corp., (NYSE: CHE), the company experienced financial and service line growth during the second quarter of 2019, […]

Three Oaks Hospice Opens Its Doors, Completes Three Acquisitions

Private equity-backed Three Oaks Hospice, based in Texas, has acquired three hospice agencies in Dallas, Fort Worth and San Antonio. Three Oaks began operating in May. The three acquisitions — Total Hospice & Palliative Care, ABS Palliative and Hospice Care and Fellowship Hospice — increase the hospice’s referral network to more than 200 sources, enabling […]

Modernizing the Medicare Hospice Benefit

The Medicare Hospice Benefit is aging along with the patients it is designed to serve. Nearly 40 years since its inception, it may be time to re-examine aspects of the program in light of the ways that patient populations and the larger health care system have changed.  The hospice benefit was established as a demonstration […]

Florida Hospices Ensure Continuity of Care During Hurricane Season

Hospices in hurricane zones each year face the complex task of ensuring they can continue operations and support patients in their homes in the aftermath of a potentially catastrophic storm. Hospices in Florida recently contended with Category 5 Hurricane Dorian, while the region experienced minimal damage from that storm, providers were standing ready to see […]