VITAS Healthcare, a subsidiary of Chemed Corp. (NYSE: CHEM), is going toe-to-toe against referral disruption and continuing workforce pressures. The company came out of the first quarter bruised, but still on its feet. The pandemic continues to impact the company’s facility-based referral sources, particularly with the Omicron surge that lasted through much of the first […]
Paradigm Health CEO and founder retires After nearly a decade at the helm of Paradigm Living Concepts LLC (Paradigm Health), President and CEO Jeff Jarecki is stepping into retirement. Michelle Pickering will take the reins of the Indiana-based hospice and palliative care provider. Jarecki founded Indiana-based Paradigm Health in 2013. The company cares for more […]
On April 16 the United States observes National Health Care Decisions Day to foster awareness that patients and families have the right to discuss and document their wishes for the care they will receive at the end of life. True to form, hospices are at the forefront, encouraging patients, families and their clinicians to choose […]
Hospice inpatient centers have proliferated since the U.S. Centers for Medicare & Medicaid Services (CMS) rebased payment rates in 2020. While reimbursement increases can foster growth, a convergence of factors complicate providers’ ability to balance a healthy margin with the expanded access to care. The 2020 rebasing instituted a 2.7% payment increase in payments for […]
VITAS Healthcare, a subsidiary of Chemed (NYSE: CHEM), is launching a new certificate program to educate health care professionals on how to conduct advance care planning conversations. The company announced the initiative in conjunction with the upcoming National Healthcare Decisions Day on April 16. Participants in the certificate program will learn skills such as prognostication, […]
Hospice providers now compete for new hires as fiercely as they do for market share. And with that competition heating up this year, the largest home health and hospice companies are streamlining their recruitment and onboarding processes to enable more clinicians to hit the ground running. In tandem with those initiatives, hospice employers are enhancing […]
VITAS Healthcare, subsidiary of Chemed Corporation (NYSE: CHE), expects COVID-19 headwinds to begin normalizing in coming months, including restoration of a more balanced patient referral mix, reduced labor pressures and ultimately longer lengths of stay. As infection rates begin to come down, patients and families are becoming more inclined to pursue medical treatments they postponed […]
Partners In Care Taps Hagfors as CEO Partners In Care, a hospice provider located in Central Oregon, has appointed Greg Hagfors as its new CEO. Founded in 1979 as an all-volunteer hospice known as Friends of Hospice, Partners In Care serves a 10,000-square-foot market in the Beaver State. The nonprofit operates six business lines, from […]
Workforce shortages and patient-census dips remained the most biting headwinds at the close of last year for Chemed Corporation’s (NYSE:CHE) VITAS Healthcare. Despite those challenges, the company is optimistic in its acquisition pipeline and M&A plans “for the first time in a long time,” according to executives. “We’ve been stuck in a trough for many […]
Although 2% sounds like a small number, it can mean financial life or death for some hospices, particularly small community-based providers. These organizations are once again waiting to see if the federal government will extend the current moratorium on Medicare sequestration, uncertain about their programs’ sustainability without such relief. Established in 2014 by the Budget […]
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