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The past year has seen a slew of regulatory developments aimed at improving quality and combatting fraud in the hospice industry. The first was two July 2019 reports on hospice quality from the Office of the Inspector General (OIG) in the U.S. Some individuals also hold management positions at several of these hospices simultaneously.
The private equity firm Renovus Capital Partners has acquired the home health and hospice provider Superior Health Holdings, Inc. The firms portfolio includes more than $2 billion of assets, about 30 companies, across its several industries, including technology, health care, and professional services markets. .
Hospice leaders will need to keep their eyes on five key trends in the new year when it comes to compliance, business operations and finance. Hospice utilization reached 51.7% The number of hospicecare days also saw increases, as did average length of stay and average number of patient visits per week.
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