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

NOVEMBER 22, 2024

The $178 billion PRF was established in 2020 to help health care providers replace revenue lost due to altered utilization patterns and higher costs. A number of hospices did not comply with requirements of the Provider Relief Fund (PRF) program during the COVID-19 pandemic.

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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

DECEMBER 2, 2024

Texas-based New Day launched in 2020 and offers hospice, home health and personal care through several brands, as well as pediatric services and clinical decision support. The company serves nearly 120,000 patients annually across 30 locations in Illinois, Kansas, Missouri and Texas.

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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

JULY 5, 2024

In 2020, heart disease took the lives of nearly 929,000 people in the United States. Di Palo is also assistant professor of medicine at Albert Einstein College of Medicine in New York City and chair of the AHA’s scientific statement writing group. Cardiovascular disease is the leading cause of death in the United States, the U.S.

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Hospice News

NOVEMBER 13, 2024

Reimbursement, regulatory trends Hospice valuations and M&A activity burgeoned in previous years, reaching record highs in 2019 and 2020. Amid the factors was a decline in interest rates, which lowered for the first time since March 2020 and made for a more favorable financial climate among buyers.

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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

MARCH 8, 2023

Hospice multiples broke records in 2020, 2021 and 2022, reaching as high as 29x. The national hospice utilization rate did take an uncharacteristic dip in 2020, to 47.8% Nevertheless, more people did choose hospice in 2020 — 1.72 So the question is: Is that just a general change in hospice?” This is down from 51.6%

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Hospice News

JANUARY 24, 2023

Researchers at the University of Pennsylvania recently studied the effectiveness of machine learning algorithms in identifying high-risk cancer patients nearing the last six months of life between June 17, 2019 and April 20, 2020. Minnesota-based St. Croix Hospice — a portfolio company of the private equity firm H.I.G.

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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

OCTOBER 30, 2024

Fueling the expansion are two affiliation-building strategies that Chapters introduced in 2020, the Chapter Health Managed Service Organization (MSO) program and Chapters CareNu.

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Hospice News

MARCH 25, 2024

Arizona-based Stoneridge Hospice launched services in 2020 with an aim to address a swelling aging population’s growing need for end-of-life care. Stoneridge Hospice launched in 2020. We started initially as a home health agency [Southland Home Care], then sold it in 2020 and began talking about opening a hospice.

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Hospice News

JULY 30, 2024

The company launched in 2020. After.com plans to deploy the funds to support further hiring, expansion to new markets and enhance its marketing efforts to build out its pre-need and at-need business segments. Its platform allows families to pre-plan or arrange cremation and funeral services via the internet.

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Hospice News

DECEMBER 10, 2024

Fofanova co-founded Koda Health in 2020 with the companys CMO Dr. Desh Mohan and Katelin Cherry, the companys chief technology officer. The three met and began collaborating at the Texas Medical Centers (TMCi) Biodesign program, which tasked them with finding solutions to problems affecting the health system.

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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

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

MARCH 19, 2024

Total employment in this sector was 5% higher in July 2023 than in February 2020, MedPAC reported. Department of Commerce defines this sector to include hospices, home health agencies, private duty, pediatric agencies and other providers of care in the home.

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Hospice News

FEBRUARY 2, 2023

More than a third (34%) of family caregivers were Baby Boomers in 2020, according to a report from AARP and the National Alliance for Caregiving (NAC). About 21% indicated that their own health was poor in 2020, up from 17% in 2015. Is that a barrier that then needs to be addressed and is being addressed?”

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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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Hospice News

MAY 15, 2024

Kotwal and fellow UCSF researchers recently examined the traumatic experiences shared by roughly 6,500 adults 51 and older nearing the end of life between 2006 and 2020 in a national Health and Retirement Study.

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Hospice News

NOVEMBER 11, 2024

New Day launched in 2020 by a group of former hospice and home health professionals. Intrepid has two locations in Beaumont, Texas, where the company provides home-based hospice, palliative and supportive care services. The company provides hospice care at home through its location in Joplin, Missouri.

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Hospice News

AUGUST 17, 2023

In 2020, Family Resource formed a partnership with Connecticut-based Great Point Partners, a health care-focused private equity firm. in 2020, just below the national average of 47.8% More than 29,350 Medicare beneficiaries utilized hospice in 2021, according to the U.S. Centers for Medicare & Medicaid Services (CMS).

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Hospice News

NOVEMBER 22, 2023

An estimated 1-in-24 cases of elder abuse and neglect go unreported annually in the United States, a 2020 Elsevier study found. Women represented more than half (52.7%) of hospice patients in 2020, the National Hospice and Palliative Organization (NHPCO) reported. They often don’t want to have that conversation.

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Hospice News

JANUARY 5, 2023

Other stakeholders have cited a higher number of deals than PwC, but even those estimates fall short of 2021 and 2020 volume. Nevertheless, the frequency of their hospice investments slowed from the record-breaking levels seen in 2020 and 2021, according to Kulik. Deals 2023 Outlook Report.

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Hospice News

NOVEMBER 7, 2023

Initially slated to complete in 2020, CMS later extended it until December 2021. Centers for Medicare & Medicaid Services (CMS) has released its fifth and final report on the Medicare Care Choices Model (MCCM), which studied the effects of allowing individuals to receive hospice care without foregoing other treatments.

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Hospice News

MAY 16, 2023

The nonprofit provided 16,233 palliative care visits across six hospitals that year, which was an additional 10,000 visits compared to 2020. The organization launched its telemedicine program in 2020 in response to the COVID-19 pandemic. Alive Hospice’s revenue reached $38.87 million in 2021, up from $38.03 of revenue.

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Hospice News

MARCH 8, 2023

That’s up from 1,700 patients in three states as of January 2020. Tennessee-based Prospero provides interdisciplinary services to 30,000 seniors with complex health needs in 28 states. The Landmark merger is expected to be completed within three months.

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Hospice News

JANUARY 8, 2024

Of the estimated 60-plus hospice transactions that occurred during 2021, at least 39, or 65%, were private-equity based, a rise from 56% in 2020, according to The Braff Group. These numbers are a far cry from the record-breaking PE volume of prior years.

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