Hospice News

JANUARY 25, 2024

National hospice utilization rates have fallen since 2020, though the total number of patients served remains consistent. This utilization rate is similar to what was seen in calendar year 2020. million Medicare beneficiaries were enrolled in hospice care for one day or more, compared to 1.72 About 47.3%

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Hospice News

NOVEMBER 11, 2024

Texas-based New Day Healthcare LLC on Monday announced its acquisition of Intrepid USA’s hospice operations in Missouri and in its home state. The deal includes Intrepid’s hospice assets in Joplin and Springfield, Missouri, as well as its locations in Beaumont, Texas. Hospice utilization rates hovered at 49.1% Census Bureau.

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Hospice News

AUGUST 7, 2024

Hospice reimbursement trends influence palliative care payment and delivery. Among the significant changes coming this year is the end of the hospice component of the value-based insurance design (VBID) model, as of Dec. The North Carolina-based hospice, home health and palliative care provider is part of the Liberty Health system. “The

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Hospice News

MAY 9, 2024

Centers for Medicare & Medicaid Services (CMS) on continuing evidence of hospice fraud and quality issues. We must urgently address the bad actors who are abusing the hospice benefit and harming patients and families,” the legislators wrote in the letter. Members of Congress are demanding answers from the U.S.

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Hospice News

JULY 30, 2024

Centers for Medicare & Medicaid Services (CMS) has unveiled its final 2025 hospice rule, which includes a 2.9% The increase represents an estimated $790 million rise in total hospice payments compared to Fiscal Year (FY) 2024. The finalized hospice cap amount for FY 2025 is $34,465.34, up from $33,494.01

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Hospice News

NOVEMBER 7, 2023

Allowing patients to receive concurrent hospice and curative care reduces health care costs and improves quality. Initially slated to complete in 2020, CMS later extended it until December 2021. We really didn’t find subgroups that were not benefiting from the model,” Kranker told Hospice News. “We

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Hospice News

JUNE 3, 2022

The Medicare Part A trust fund is still on track to run short of money before the decade is out, but not as quickly as previously anticipated. By 2028, Medicare would have sufficient dollars to cover 90% of Medicare expenses. Hospice expenditures in particular are expected to increase to more than $48.2 population.” ?

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Hospice News

NOVEMBER 13, 2024

Quality, compliance and financial stability are top of mind in hospice merger and acquisitions (M&A) as this year comes to an end. Growing demand is among the constants driving investor interest in the hospice space, according to Tom Lillis, partner at the Kentucky-based firm Stoneridge Partners Strategic Consulting.

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Hospice News

MAY 8, 2024

Centers for Medicare & Medicaid Services (CMS) should beef up hospice oversight, including addressing overdue surveys. 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.

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Hospice News

NOVEMBER 10, 2023

Texas-based Choice Health at Home LLC has inked a deal to acquire Lumicare Hospice, growing its presence in two current markets while establishing services in a new state. Lumicare Hospice has locations in Texas and Arizona, two states in Choice’s existing service region. Hospice utilization in the state reached 50.4%

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Hospice News

OCTOBER 4, 2024

Community Healthcare of Texas CEO Viki Jingle has kept her finger on the pulse of potential hospice fraud occurring in her home state. Van Duyne has been among the legislators who have been most vocal about hospice fraud since the problem began to emerge. They have multiple hospices.

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Hospice News

DECEMBER 8, 2023

The durable medical equipment (DME) provider National HME has acquired Hospice Source, also a DME company. The Texas-based company developed its Hospice Cloud Pro technology platform to facilitate consolidated equipment ordering and provide clients with data on utilization, cost trends, and network management for reporting and analytics. “We

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Hospice News

OCTOBER 10, 2024

Cameron Muir has been named as the new CMO of the National Partnership for Healthcare and Hospice Innovation (NPHI). His new title signals the organization’s strategic plans to reshape hospice care delivery through patient-centered, innovative approaches, according to NPHI CEO Tom Koutsoumpas.

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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 provides home-based hospice and also contracts with other providers to offer facility-based services. Stoneridge Hospice launched in 2020.

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Hospice News

MARCH 8, 2024

Tightened regulation in the hospice space has led to longer, more stringent diligence processes when it comes to buying and selling provider companies. Centers for Medicare & Medicaid Services (CMS) has honed in on hospice program integrity through a number of new regulations, including some in the agency’s 2024 hospice final rule.

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Hospice News

APRIL 29, 2022

The Medicare Advantage hospice carve-in has been the focus of much attention among providers, and many are watching closely for the demonstration’s outcomes. Centers for Medicare & Medicaid Services (CMS) launched the MCCM in 2016 to explore the idea of allowing hospice patients to receive concurrent curative care.

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Hospice News

DECEMBER 14, 2022

trillion in 2021, according to a new analysis from the Office of the Actuary at the Centers for Medicare & Medicaid Services (CMS). 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). “The to reach $4.3

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Hospice News

MARCH 3, 2023

The families of patients who received care from nonprofit hospices give their providers higher marks on quality than those who went with for-profits, a RAND Corp. These findings are particularly pressing given the striking growth of for-profit hospices, which have profit incentives that have been shown to affect how they care for patients.”

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Hospice News

NOVEMBER 3, 2023

As hospices prepare for Medicare Advantage, more nonprofits are finding that creating partnerships or entering affiliations will better position themselves for payer negotiations. Nonprofit hospice affiliations have surged in 2022 and 2023. Centers for Medicare & Medicaid Services (CMS) recently extended the program to 2030.

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Hospice News

JULY 8, 2024

Centers for Medicare & Medicaid Services’ (CMS) has launched the Guiding an Improved Dementia Experience (GUIDE) payment model with close to 400 participating organizations, including many palliative care providers. The CMS Innovation Center announced the GUIDE demonstration in July 2023. Centers for Disease Control and Prevention (CDC).

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Hospice News

MAY 1, 2023

On June 1, LifeTouch Hospice will merge with Arkansas Hospice. Both hospices are owned and operated by the SHARE Foundation, a nonprofit, faith-based organization. The hospice last year served 430 patients in a five-county region of Arkansas. Meanwhile, Arkansas Hospice has fared better.

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Hospice News

AUGUST 22, 2024

Hospice transactions are facing a new world of challenges during a time when M&A activity is projected to ramp up after recent lulls. More founders who began their organizations when the Medicare Hospice Benefit was established in the 1980s are reaching retirement. Who’s going to receive the proceeds?

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Hospice News

SEPTEMBER 27, 2023

Hospices tend to see an increase in dementia patient admissions as well as home-based utilization following an acquisition by a private equity firm or a publicly traded company. After an acquisition by a public company, hospices saw a 1.4% A little more than 20% of hospice decedents in 2020 suffered from dementia, up from 18.5%

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Hospice News

JUNE 9, 2023

Increasingly, both policymakers and providers are seeing potential opportunities to reform the Medicare Hospice Benefit, including the prospect of concurrent care. Centers for Medicare & Medicaid Services (CMS). A lot has happened since the [Medicare Hospice Benefit] was first initiated. told Hospice News. “If

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Hospice News

MARCH 14, 2024

Hospices, in aggregate, are showing improvement on the quality measure for visits in the last days of life. In Calendar Year 2021, the share of hospice care days with nurse visits in the last seven days of life rose to 63%, up from 62% year over year, according to the National Hospice and Palliative Care Organization (NHPCO).

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Hospice News

JANUARY 3, 2023

Kathy Hochul (D) has vetoed legislation that would have effectively banned new, for-profit hospices in the state. It would have prohibited the establishment of for-profit hospices in New York state and forbid current for-profit operators from increasing capacity. . Centers for Medicare & Medicaid Services (CMS).

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Hospice News

MARCH 8, 2023

High valuations have led Addus HomeCare (NASDAQ: ADUS) to pivot towards personal care and home health deals rather than hospice acquisitions. Hospice multiples broke records in 2020, 2021 and 2022, reaching as high as 29x. Hospice is still very expensive. Combined, home health and hospice account for the remaining 25%.

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Hospice News

JUNE 12, 2024

Beth Van Duyne, (R-Texas) has emerged as one of Washington’s most vocal advocates for hospice providers in Congress. House of Representatives in 2020, Van Duyne is a member of the influential Ways and Means Committee, overseeing Medicare, Social Security and tax policies among other programs. Hospice News spoke with Rep.

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Hospice News

FEBRUARY 26, 2024

Hospice operators in 2024 are navigating a rapidly transforming environment. The prior three years have laid the groundwork for change, particularly in the regulatory space as well as gradual migration towards value-based reimbursement and in tandem, the proliferation of business lines beyond hospice.

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Hospice News

DECEMBER 8, 2023

Hospice providers will be looking to Congress in 2024 to address issues related to program integrity, quality improvement and industry-wide workforce pressures. As legislative efforts develop, hospices may want to focus their attention on a few key legislators. We don’t have confidence in the algorithm that they proposed.

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Hospice News

AUGUST 17, 2023

As Jimmy Carter marks his sixth month in hospice care, the provider community is raising awareness by saluting the former president. The National Hospice and Palliative Care Organization (NHPCO) convened a group of hospice leaders at Times Square in New York City to commemorate Carter’s hospice experience.

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Hospice News

MARCH 28, 2024

Centers for Medicare & Medicaid Services (CMS) has issued its 2025 proposed rule for hospice payment, which if finalized would include a 2.6% The proposal is a likely signal that CMS will not adopt a recent recommendation by the Medicare Payment Advisory Commission (MedPAC) to freeze rates beginning next year.

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Hospice News

DECEMBER 2, 2022

The recent article by the New Yorker and ProPublica that branded “hospice” as a profiteering “hustle” was an outrageous misrepresentation of the provider community. The article begins with a rehash of the AseraCare False Claims Act (FCA) and anti-kickback lawsuit which was filed in 2008 and settled in March of 2020.

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Hospice News

DECEMBER 12, 2022

The Medicare Payment Advisory Commission (MedPAC) is poised to recommend that the U.S. Centers for Medicare and Medicaid Services (CMS) reduce the aggregate cap for hospice payments by 20% in 2024. During 2020, about 18.6% of hospices exceeded the cap, MedPAC estimated. In 2015, the commission reported that 12.5%

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Hospice News

MARCH 29, 2023

Though evidence shows that longer hospice stays reduce costs, providers are still walking a regulatory tightrope. On one hand, longer hospice stays can lead to improved patient and family satisfaction and greater cost saving opportunities. Are you in an outlier scenario with your data that Medicare contractors are looking at?

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Hospice News

JUNE 30, 2023

Radiant Health’s new partnership with CareSource reflects three key trends impacting the health system — growth in Medicare Advantage, the rising prominence of home-based care and consolidation among payers and providers. Centers for Medicare & Medicaid Services (CMS) and the U.S. Close to 31.5

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Hospice News

MAY 30, 2023

Los Angeles-based Hospice Home Care recently rolled out a scholarship program for hospice aides in a move towards building career pathways and improving retention. Los Angeles County needs to hear the voices of those who provide Los Angeles hospice care to the residents of this county as they near the end of life.”

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