National and regional hospice chains seem unfazed by proposed Medicare payment rebasing for fiscal year 2020—confident that the updates will not adversely affect their businesses—though smaller organizations may take a more significant hit. The U.S. Centers for Medicare & Medicaid Services (CMS) in late April released its annual proposed rule that outlines the agency’s regulatory […]
Cornerstone Healthcare Inc., a subsidiary of The Ensign Group (NASDAQ: ENSG), as of May 1 acquired the assets of Texas-based Resolutions Hospice for an undisclosed amount. Cornerstone subsidiaries now operate 26 hospice operations, 25 home health operations, and nine other home care operations across 12 states. Prior to this transaction Resolutions Hospice was a family-owned […]
VITAS Healthcare, the largest hospice provider in the United States, showed positive margins for the first quarter of 2019 despite a decline in admissions, according to a quarterly earnings report from its parent company, Chemed Corp. (NYSE: CME). VITAS’ gross margins for routine home care services reached 52.7 percent during the first quarter, a 60 […]
The nation’s largest provider of hospice services, Miami-based VITAS Healthcare, has named Jeffrey M. Kreger to be its new executive vice president and chief financial officer. VITAS is a wholly owned subsidiary of Chemed Corp (NASDAQ: CHEM), which also owns Roto-Rooter. Kreger comes to the company at a time of strong financial performance. Kreger’s appointment […]
Technology is changing the ways hospice care is delivered. From the evolution of electronic medical records (EMR) to the advent of artificial intelligence (AI), hospice providers are leveraging new systems to create efficiencies, improve patient care, and make their organizations more attractive to investors. Numerous organizations are discovering the value of predictive analytics, telemedicine, and […]
Missouri-based Integrity Home Care + Hospice has expanded its hospice and post-acute rehabilitation operations to the Kansas market with the opening of a new location in Fort Scott. “Families with a loved one facing a serious, life-limiting illness or extensive rehabilitation will want and need to know that quality services are available,” said Amy […]
VITAS Healthcare, the largest provider of hospice care in the United States, and communications giant AT&T are collaborating to develop alternative therapies using 5G virtual reality systems to reduce chronic pain and anxiety among hospice patients. The companies in January launched a study at a Southern California cancer center to evaluate virtual and augmented reality […]
Accountable care organizations (ACOs) are using patient segmentation to maintain quality of care while cutting costs associated with treating high-need, high-cost patients, such as hospice patients, according to a January report from the Commonwealth Fund. The report comes at a time when hospices and ACOs are exploring opportunities for greater collaboration. For example, VITAS Healthcare, […]
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