VITAS Struck by Disruption in Senior Housing, Expects 2021 Rebound

Disruption in the larger health care and aging services space adversely impacted VITAS Healthcare, a subsidiary of Chemed Corp. (NYSE: CHE), during 2020. This is particularly due to difficulty accessing patients in nursing homes, assisted living and senior housing operations, as occupancy drops due to the pandemic. The company expects some of that disruption to […]

Top 10 Largest Hospice Providers of 2020

Despite facing forceful pandemic-related headwinds from COVID-19, mergers and acquisitions and organic growth are fueling market share growth among the organizations listed in the LexisNexis 2020 Top Hospice Providers report. VITAS Healthcare, a subsidiary of Chemed Corp. (NYSE: CHE), led the charge as the largest hospice provider in the United States last year, with 4.42% […]

Top 2021 Hospice Worries: Accessing Facility-Bound Patients, Staffing

Regaining regular access to hospice patients in nursing homes, assisted living or other facilities is a top concern for providers, along with ongoing staffing shortages that pre-date the pandemic, according to organization leaders who responded to Hospice News 2021 Outlook Survey.  The 2021 Hospice News Outlook Survey and Report, sponsored by Homecare Homebase, is informed […]

Hospice Leaders’ 2021 Predictions: Industry Change is Accelerating

In the midst of sweeping industry-wide change, hospices are still contending with the ongoing COVID-19 pandemic that has affected almost every aspect of their businesses. As this difficult year comes to a close, hospice leaders are looking ahead to 2021 with their minds on leveraging the expansion of telehealth, encouraging equitable access to care, industry […]

VITAS Opens Inpatient De Novo in Miami

VITAS Healthcare, a subsidiary of Chemed Corp. (NYSE: CHE), has expanded deeper into the Miami market with a new inpatient unit. The company expects the unit to serve more than 750 patients each year. The newly-constructed MedSquare Kendall facility is designed to provide inpatient and respite care in the Miami area with a home-like environment […]

House Bill Would Extend Hospice Payment Sequestration Moratorium

Reps. Brad Schneider (D-IL) and David McKinley (R-WV) have introduced the Medicare Sequester COVID Moratorium Act in the U.S. House of Representatives.  The bill would extend the temporary suspension of Medicare sequestration payment reductions for hospices for the duration of the federally declared COVID-19 public health emergency. The U.S. Centers for Medicare & Medicaid Services (CMS) […]

VITAS Sees Growth Despite Dip in Length of Stay

VITAS, the hospice subsidiary of Chemed Corp. (NYSE: CHE), continues to achieve financial growth despite seeing a drop in median patient length of stay and a reduction in high acuity services, such as general inpatient care and continuous home care. The pandemic has led to a drop in referrals from nursing homes and assisted living […]

VITAS Opens Inpatient De Novo in San Antonio

VITAS Healthcare, a subsidiary of of Chemed Corp. (NYSE: CHE), has expanded in the San Antonio market with a new inpatient unit. The company expects the unit to serve more than 700 patients each year.  The 14-bed unit is designed to create a homelike environment for patients and families, according to VITAS. Patients will be […]

VITAS Sees Growth Despite COVID-19 Costs

A rise in patient census pulled up revenues for hospice provider VITAS Healthcare, a subsidiary of Chemed Corp. (NASDAQ: CHE) in the second quarter, despite declining admissions and rising expenses stemming from the COVID-19 pandemic.  In addition to VITAS, Chemed owns the plumbing company Roto-Rooter.   The company’s average daily census reached 19,195 patients during the […]

VITAS Expands in the Florida Panhandle

VITAS Healthcare, a subsidiary of Chemed Corp. (NYSE: CHE), has expanded its footprint in the Florida panhandle with a de novo location in Panama City. The agency will serve patients in six Florida counties. As a part of the expansion, VITAS is hiring 42 new full-time employment positions across several disciplines. The location will also […]