Disruption in the senior living market stemming from the COVID-19 pandemic continues to adversely affect VITAS Healthcare, a subsidiary of Chemed Corp. (NYSE: CHEM). Senior living occupancy remains lower than historical levels, though widespread vaccination is inching the sector towards recovery. Senior housing, assisted living and similar facilities have long been a significant source of […]
VITAS Healthcare
VITAS Healthcare, a subsidiary of Chemed Corp. (NYSE: CHEM), has opened a new inpatient facility on the AdventHealth Lake Wales hospital campus in Florida. The company expects the new unit to care for more than 400 patients annually. The facility includes eight private rooms with recliners, televisions and private bathrooms designed to create a home-like […]
Hospice providers have struggled to access facility-based patients during the coronavirus pandemic. Restricted access to facilities has hit providers hard financially and diminished the availability of care for patients. Thanks to widespread vaccination, facilities in some regions are re-opening to visitors, including interdisciplinary hospice teams. This trend is improving the outlook for providers’ business during […]
Florida’s state government have green lit the expansion of hospice programs in seven counties. The Florida Agency for Health Care Administration (AHCA) indicated earlier this year that it would approve four hospice certificates of need in 2021, but ultimately decided to issue twice as many. Hospice utilization runs high in Florida, reaching a rate of […]
VITAS Healthcare, the hospice subsidiary of Chemed Corp. (NYSE: CHEM), has opened a new inpatient facility in Panama City, Fla. The center is housed at a skilled nursing facility, the Community Health and Rehabilitation Center, and replaces a unit that sustained severe damage during Hurricane Michael in 2018. The facility, dubbed VITAS Suites, includes eight […]
VITAS Healthcare, a subsidiary of Chemed Corp. (NYSE: CHE), has built up and diversified its referral base during the pandemic. This effort has helped the company withstand COVID-19 headwinds and establish a foundation for recovery as the year progresses. VITAS saw two sequential quarters of strong admissions growth during the latter half of last year, […]
Restricted access to patients during COVID-19 made for choppy waves last year for VITAS Healthcare, a subsidiary company of Chemed Corp. (NYSE: CHE), but the company anticipates normalization on the horizon in a post-pandemic landscape. The pandemic’s turbulent tides have continued to disrupt the overall health care system, but signs of recovery are starting to […]
Nearly 70% of 1,000 survey respondents indicated that talking about their wishes and values for end-of-life care was important to them, but only slightly more than half (56%) had actually held these conversations, according to a study by VITAS Healthcare, a subsidiary of Chemed Corp. (NYSE: CHE). These numbers were up from a previous study […]
Headwinds stemming from a lack of access to senior housing facilities during the pandemic took a toll on hospice providers’ margins during 2020, but that market is expected to rebound as the year progresses. The pace of that change remains uncertain, according to Keven McNamara, president and CEO of Chemed Corp. (NYSE: CHE). Chemed is […]
New physician relationships are anticipated to be a major opportunity for referral partnership growth in 2021 among hospice providers. Communicating the value of hospice care to physicians will be an important key to developing and sustaining this largely untapped area of referring relationships. Demographics, evolving payment models and shifts in patient accessibility during COVID-19 are […]
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