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. […]
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 […]
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 […]
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 […]
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 […]
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, […]
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 […]
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 […]
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 […]
Emerging payment models such as the forthcoming Medicare Advantage carve-in demonstration may start to bring down record-high hospice multiples in what continues to be a burgeoning mergers and acquisitions market, but falling multiples are unlikely to curtail widespread industry consolidation in the long term, hospice CEOs said at the Home Health Care News Summit conference […]
By continuing to use the site, you agree to the use of cookies. more information
The cookie settings on this website are set to "allow cookies" to give you the best browsing experience possible. If you continue to use this website without changing your cookie settings or you click "Accept" below then you are consenting to this.
