Hospice News

DECEMBER 11, 2024

New Day launched in 2020, led by a group of former hospice and home health professionals. Hospice utilization among Medicare decedents reached 52.23% in Texas during 2022, reported the National Alliance for Care at Home. Hospice utilization rates hovered at 49.1% nationwide that year, according to the Alliance report.

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Hospice News

MARCH 4, 2025

Thyme Care was established toward the end of 2020 following a $16 million funding round, led by Town Hall Ventures and Foresite Capital. Through this agreement, eligible Humana Medicare Advantage members will gain access to our complete suite of services, including our virtual palliative care program (called Enhanced Supportive Care).

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Hospice News

APRIL 10, 2025

Deal volume is up relative to 2024s slump, but activity has not reached the boom levels of 2020 and 2021. Factors contributing to this are lower interest rates, for now, and the number of assets purchased in 2020-2021 reaching maturity and coming again to market. Hospice acquisitions saw a gentle rebound in Q1 2025.

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Hospice News

APRIL 2, 2025

Since its founding in 2020, New Day has completed two such transactions Phoenix Home Care and Hospice in Missouri, Kansas and Illinois; and Home Care Providers in Texas, a statewide organization. Transformational deals are large-scale transactions that can transform a market, according to Herman.

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Hospice News

MARCH 7, 2025

Centers for Medicare & Medicaid Services (CMS) final report found that the MCCM model hit each of these targets, extending the payment periods sunset until 2021, initially slated to complete in 2020.

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Hospice News

JANUARY 10, 2025

There are still high hurdles to be cleared, and we dont expect the heady times of 2020-2021 to return but would anticipate seeing continued increased activity, especially among the small to medium size providers. Bartness, St.

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Hospice News

FEBRUARY 26, 2025

The settlement resolves allegations that between 2013 and 2020 Saad submitted false claims to Medicare for 21 patients who did not meet the eligibility requirements for the Medicare Hospice Benefit. Shumate of the Justice Departments Civil Division, in a statement.

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Hospice News

JANUARY 13, 2025

from 2008 to 2020. Smith served as AAHPM CEO from 2007 to 2020, holding the same role at Association Management Center (AMC) prior to that. Shifts at Pennants Board The Pennant Group Inc.s Lamb joined Pennants board in 2019 as chairman of its auditing committee. He previously served as treasurer and CFO at ICU Medical Inc.

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Hospice News

APRIL 3, 2025

Food and Drug Administration in 2020 revoked emergency authorization for the drug as a COVID treatment. During the COVID-19 pandemic he promoted the use of the anti-malarial drug hydroxychloroquine, which critics argued was not supported by sufficient evidence.

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Hospice News

APRIL 3, 2025

The company merged with Illinois-based Seasons Hospice & Palliative Care in 2020. AccentCare is a portfolio company of the private equity firm Advent International, which purchased the provider from Oak Hill Capital Partners in 2019 for an undisclosed sum.

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Hospice News

SEPTEMBER 19, 2024

The reduction marks the first rate cut since 2020. The relatively high rates during the past two years are among the factors contributing to an M&A slump in the hospice market, in which deal volume has slipped significantly from the record numbers of transactions in 2020 and 2021. Now, inflation is slowing down, dropping from 9.1%

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Hospice News

JANUARY 10, 2025

Parker has occupied both the CEO and CMO seats since 2020, leading the company through the COVID-19 pandemic and beyond. Long-time hospice leader Keith Everett will take the helm as CEO of ProCare Hospice in Nevada as the organizations previous leader, Dr. Clevis Parker, focuses on his role as chief medical officer.

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Hospice News

MARCH 3, 2023

The number of hospices operating in the United States rose to 5,058 in 2020, the most recent year for which data are available, the Medicare Payment Advisory Commission (MedPAC) reported. hospices between 2019 and 2020. Of those, about 73% were for-profit companies, and 24% were nonprofits. These numbers reflect a 4.5%

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Hospice News

SEPTEMBER 27, 2023

Researchers analyzed data on hospice acquisitions between 2013 and 2020 to compare changes in sites of care or patient population compared to other for-profits that did not undergo a transaction. A little more than 20% of hospice decedents in 2020 suffered from dementia, up from 18.5%

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Hospice News

JUNE 19, 2024

Silverstone came on the scene in 2020 as a standalone hospice after CEO Alfonso Montiel’s purchase and rebranding of Comfort Care Hospice in the Dallas-Fort Worth region. The company’s annual revenues have increased 15x since its founding in 2020, according to Montiel. The company expects to launch a personal care operation this month.

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Hospice News

DECEMBER 14, 2022

seen in 2020, with the slowdown largely attributed to reduced spending on COVID-19 support, including Paycheck Protection Program (PPP) loans and the Provider Relief Fund (PRF). These sources continue to provide funding in 2021, but at much lower levels and in 2020.”. in 2020, according to the Medicare Payment Advisory Commission.

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Hospice News

SEPTEMBER 14, 2023

A major achievement during Rodgers’ tenure at the Dallas-based hospice, home health and palliative care provider was the company’s 2020 merger with Illinois-based Seasons Hospice & Palliative. Tortorella, his successor, has been COO at Steward Health Care since November of 2020.

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Hospice News

NOVEMBER 10, 2023

Lumicare Hospice received its Medicare certification in 2020, according to National Hospice Locator data. among Medicare decedents in 2020, the National Hospice and Palliative Care Organization (NHPCO) reported. “We are thrilled to be providing services in Colorado and excited to expand on our current footprint in Texas and Arizona.”

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Hospice News

DECEMBER 8, 2023

The company has a history of completing its own acquisitions, including the 2020 purchase of California-based Superior Healthcare, also a DME provider. Medicare in 2020 spent $11.2 The following year, Hospice Source acquired Respiratory Therapy Home Care in Bellflower, Calif. Financial terms for both of these deals were undisclosed.

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Hospice News

JUNE 27, 2022

Centers for Medicare & Medicaid Services (CMS) as of 2020 allows Medicare Advantage plans to cover supplemental non-medical benefits , including transportation and food services and some home modifications, among others. The need to address social determinants has been cited as an impetus for the push toward value-based reimbursement.

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Hospice News

DECEMBER 12, 2023

In 2020, the growth rate was 10.6%, according to a report published in Health Affairs. The proportion of health care spending relative to the overall economy was 17.3%, also down from 2020’s rate of 19.5%. The nation’s annual health care spend reached $4.5 trillion in 2022, a 4.15 increase, compared to 3.1% the prior year.

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Hospice News

APRIL 11, 2025

Alivia Care emerged in 2020 when Community Hospice & Palliative Care, now an affiliate, formed a larger company with a broader range of services. To me, that’s a great opportunity. The nonprofit provides home care, hospice, advance care and supportive and palliative care across northern Florida and southern Georgia.

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Daily Nurse

JANUARY 10, 2025

The study analyzed geriatric healthcare workforce trends from 2010 to 2020 when the older population experienced the fastest growth since 1880-1890. The researchers analyzed data from 2010 to 2020 using two national data sets: the Area Health Resources File (AHRF) and the National Provider Identifier (NPI) registry. Jeremy A.

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Hospice News

MARCH 18, 2025

The hospice industry in 2019 and 2020 began to see climbing valuations and transaction volumes that reached record-highs , largely fueled as an influx of private equity investors stepped into the space. Addus has taken a more conservative strategic approach, joining the pool of hospice providers scaling back on large purchases.

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Hospice News

JANUARY 14, 2025

Hospice of Siouxland is among the organizations that provide care at the inpatient facility Mitchell House, which began serving patients in 2020. Based in Sioux City, Iowa, and established roughly 40 years ago, the nonprofit hospice provides care across its home state, as well as in Nebraska and South Dakota.

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Hospice News

DECEMBER 2, 2024

Hospice multiples reach record highs in 2020 and 2021, as much as 26x. However, valuations in the hospice space have led Addus to take a more conservative approach to hospice transactions as it actively seeks home health and personal care deals.

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Hospice News

MAY 1, 2023

Things improved in 2020, the most recent year for which data are available, but not enough to put them in the black. million in 2020, according to its IRS 990s. But the following year, it reported a more than $1.5 million loss, according to 990 forms filed with the Internal Revenue Service (IRS).

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Hospice News

AUGUST 2, 2023

Based on 2020 U.S. Hawaii ranked 22nd in 2020 for hospice utilization among the states at 48%, according to the National Hospice and Palliative Care Organization. California-headquartered Kaiser Permanente Health System provides care to 12.6 million people across eight states and the District of Columbia. billion in 2021.

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Hospice News

MAY 28, 2024

” Phoenix-based Stoneridge Hospice was founded in 2020 by Rollie Seebert, owner and executive manager of Stoneridge Hospice, his wife, Janet Seebert, director of nursing at Stoneridge Hospice, and Bratzel, a registered nurse who became co-owner and executive director.

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Hospice News

JULY 30, 2024

The capitated amount was finalized in the FY 2020 final hospice rule, which prevents a geographic area’s wage index from falling below 95% of its wage index calculated in the prior fiscal year. The agency set a 5% cap on any year-over-year wage index decrease that hospices experience.

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Hospice News

OCTOBER 9, 2023

More than 20% of hospice decedents in 2020 suffered from dementia, up from 18.5% of terminal diagnoses in 2020, while cancer accounted for 7.2%. Dementia patients also tend to have the longest average lengths of stay in hospice — 181 days in 2020, compared to an average 97 days among all patients.

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Hospice News

AUGUST 8, 2022

A May 2022 literature review found that the majority of research papers on telehealth published in 2020 and 2021 demonstrated a high level of patient satisfaction across every medical specialty. Hospices have adapted well to this changing environment and — generally speaking — have used telehealth to their advantage. .

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Hospice News

SEPTEMBER 25, 2023

The company has been quiet on the merger and acquisition front during the past two years following a swath of activity between 2018 and 2020. billion in annual revenue in 2020, a 23% year-over-year rise from the prior year. “By The company went on to purchase North Carolina-based Dare County Home Health & Hospice for $2.9

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Hospice News

MAY 8, 2024

Nearly 15% of surveyed hospices were cited with serious quality issues between 2020 and 2022, according to the GAO. To date, CMS has fully implemented five and partially implemented three of eight provisions of the Consolidated Appropriations Act, 2021 (CAA), though quality issues persist in the hospice space. Most had multiple deficiencies.

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Hospice News

JANUARY 8, 2024

” This was New Day’s ninth acquisition since the company was established in 2020. “This latest acquisition continues to prove New Day’s commitment to bringing together multiple home health service lines within markets to improve patient care coordination and outcomes.” The following year, the company secured $55.5

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Hospice News

DECEMBER 16, 2022

The push to unionize began in 2020, according to St. However, conditions exacerbated by the pandemic have the potential to lead more workers to consider seeking representation, Jon Anderson with Husch Blackwell in a 2020 JD Supra podcast. Among more than 18,000 health care employees in 2021, about 7.7% Bureau of Labor Statistics.

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Hospice News

SEPTEMBER 20, 2023

The company also operates a large ACO that in 2020 received the second highest payout among 513 participants in the Medicare Shared Savings Program (MSSP), according to CMS. Tortorella ascended to Steward’s c-suite in November 2020 after more than a decade with the company. All told, the company covers close to 1.5

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