Hospices Struggle to Access Patients in Nursing Homes Amid Pandemic

With older adults suffering from chronic or life-limiting medical conditions among those most vulnerable during the COVID-19 outbreak, nursing homes across the country are restricting access to their facilities. As a result, hospice providers have experienced difficulty accessing their patients in nursing home settings. Nursing home populations are at the highest risk of being affected […]

Tailwinds May Shield Hospice Bottom Lines from Coronavirus Fallout

Despite recent hits on the overall markets, hospice company revenues may be protected by the growing demand for their services. The U.S. stock markets took a major blow due to turmoil stemming from volatile oil prices and the continuing economic impact of the global COVID 19 outbreak. Monday’s drop — the worse since 2008 — caused […]

VITAS Focused on Hospice De Novo, Same-Store Growth Over Acquisitions in 2020

Record-high valuations in the hospice mergers and acquisitions market are leading VITAS Healthcare, a subsidiary of Chemed Corp. (NYSE: CHEM), to target growth through de novos and same-store admissions rather than purchasing smaller hospices.  Multiples in the home care and hospice space reached as high as 26x EBITDA during 2019, the most significant rise for […]

VITAS Opens De Novo in San Antonio Region

Miami-headquartered hospice provider VITAS Healthcare has expanded its footprint in Texas with a new location in San Marcos, just outside of San Antonio. VITAS is a subsidiary of Chemed Corp. (NYSE: CHE). VITAS operates 48 hospice programs in 14 states, with a total average daily census of 19,137 as of the end of the third quarter […]

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 […]