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HealthFlex provides home health, hospice, palliative care, social work, and personal care. The company — currently serving more than 10,000 patients across its business lines — has more than quadrupled in size since its founding in 2012. Our hospice has taken off over the last three years in a pretty steady trajectory.
The certification reflects a growing trend of hospices pursuing disease-specific certifications or programs as a way of diversifying their services within the Medicare Hospice Benefit. VITAS is the first national hospicecompany to earn the AHA certification, though some local and regional hospices have done so.
More palliative care and hospicecompanies are developing programs to meet the specific concerns of these patients to improve access to care. Almost 40% of people 65 and older had at least one disability from 2008 to 2012, according to a 2014 U.S. Census Bureau report.
CEO Raphael Akobundu recently sat down with Hospice News to discuss the couple’s experience of opening a startup hospicecompany in the competitive California market. As a nurse practitioner, what led you to begin a hospice program? I became a registered nurse in 2012 and received my nurse practitioner degree in 2017.
From a business perspective, this means hospicecompanies will have to rise to meet burgeoning demand and staff shortages and financial headwinds, including reimbursement that hasnt kept pace with inflation rates. The prior two years also saw some earnings stabilization among publicly traded companies.
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