Hospice News

JANUARY 5, 2024

Researchers examined data on the place of death among adults in 47 countries that took place between January 2012 and December 2021, according to a new study in the Lancet. during 2020 and 2021, up from 30.1% The study focused on cancer and dementia patients. Worldwide, the percentage of home deaths rose to 32.2% in 2012–2013.

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Hospice News

DECEMBER 12, 2023

increase in 2021. In 2021, the growth rate was 11.5%. growth in 2021. Economic patterns also reflect the growing presence of Medicare Advantage. Fee-for-service expenditures dropped 1.9% last year after a 3.8% But Medicare Advantage spending grew at a rate of 15.1% As of last year, 92% of the U.S. last year, after seeing 4.6%

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Hospice News

MARCH 8, 2024

But back in 2020 and 2021, your business could have some issues — maybe that length of stay a little longer than the past or you had some [Medicare payment] cap issues — buyers would overlook that and say, ‘we can fix it.’ “There’s no question due diligence is taking longer, and they’re going deeper.

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Hospice News

MARCH 23, 2023

The hospice component of VBID, also called the MA carve-in, launched in 2021 and was originally slated to complete after four years. Centers for Medicare & Medicaid Services (CMS) is extending the value-based insurance design demonstration for calendar years 2025 to 2030, including the hospice component.

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Hospice News

APRIL 29, 2022

Initially slated to complete in 2020, CMS extended the program until December 2021. . The recent report focuses on 4,574 Medicare beneficiaries who enrolled in the program between January 2016 and September 2020 and who died by March of 2021.

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Hospice News

DECEMBER 3, 2024

The gestation of Texas-based VitalCaring was years in the works, but it built its clinical foundation around July 2021, when its three principal owners — Anthony and the private equity firms Vistria Group and Nautic Partners — purchased an undisclosed home health agency in Louisiana.

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Hospice News

JANUARY 8, 2024

This is down from 11 in Q3 2022 and 18 in the same period in 2021. 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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Hospice News

JANUARY 13, 2023

billion in Q4 2021. NYSE: HUM), which in 2021 purchased 100% ownership of Kindred at Home for $5.7 1, 2021, with 53 participating health plans. Its full-year 2022 revenue rose 27% year-over-year to $182.8 Consolidated fourth-quarter revenues for UnitedHealth Group totaled $82.8 billion in Q4, up 12% from $73.7

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Hospice News

JANUARY 31, 2024

VitalCaring came on the scene in July 2021, when its three principal owners — April Anthony, former CEO of Encompass Health’s (NYSE: EHC) home health and hospice business, and the private equity firms Vistria Group and Nautic Partners — purchased an undisclosed home health agency in Louisiana.

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Hospice News

DECEMBER 3, 2024

New York state had the fourth largest aging population nationwide in 2021, with 4.6 NuHealth has also appointed Simon Ulubabov to the newly-created position of executive vice president for hospice and palliative care services at NUMC. million seniors 60 and older, the New York State Office for the Aging (NYSOFA) reported.

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Hospice News

JUNE 14, 2023

of the nation’s gross domestic product by the end of that time frame, up from slightly more than 18% in 2021. in 2021” Fiore said. Centers for Medicare & Medicaid Services (CMS) Office of the Actuary also project that health care expenditures will represent 19.6% Hospital spending growth is expected to be 5.8% compared to 4.4%

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Hospice News

JANUARY 20, 2023

Researchers examined eight other studies from 2012 to 2021 that included virtual reality interventions among a rough total of 225 palliative care patients with diverse types of advanced illnesses and age ranges (20 to 103 years old).

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Hospice News

SEPTEMBER 19, 2024

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.

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Hospice News

MAY 25, 2023

This would be a 33% increase from 2012 More than 32,200 Medicare decedents elected hospice in Massachusetts in 2021, according to the U.S. One contributing factor is that following a large spate of deals in 2021 and 2022 — fewer quality hospices are left on the market, the Mertz Taggart report indicated. Census Bureau projections.

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Hospice News

DECEMBER 6, 2023

This is down from 11 in Q3 2022 and 18 in the same period in 2021. 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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Hospice News

JUNE 27, 2022

As of 2021, 67% of individual plans offered support related to meals, as well as 69% of special needs plans, according to the Kaiser Family Foundation. Analysis by the consulting firm ATI Advisory found that the number of health plans offering home-based palliative care coverage jumped to 134 in 2021, up from 61 in 2020.

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Hospice News

SEPTEMBER 8, 2023

The Medicare Advantage program grew 8% between 2021 and 2022 — about 2.2 The program launched in 2021, coinciding with the height of the pandemic. Total Medicare enrollment hit 58.6 million in 2022, according to CMS. Of those, MA covers about 48%. million beneficiaries. Participation was small in year one.

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Hospice News

MARCH 13, 2024

Beginning in 2021, numerous reports emerged of unethical or illegal practices among hundreds of newly licensed hospices, particularly among new companies popping up in California, Texas, Nevada and Arizona. California’s Department of Justice (CDOJ) in 2021 issued a report detailing the state’s history of lax oversight.

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Hospice News

JUNE 25, 2024

Close to 156,000 people enrolled in the benefit during 2021, according to the U.S. The new center will serve the Sacramento and San Francisco areas. More patients elect hospice in California than in any other state. Centers for Medicare & Medicaid Services (CMS). Florida followed close behind with more than 154,000.

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Hospice News

AUGUST 14, 2023

Nasdaq: AMED), which purchased Contessa in 2021 for $250 million. This model personalizes care for acute and chronic conditions, while lowering costs and increasing patient satisfaction,” Messina said in October 2021 in an announcement regarding a palliative care joint venture with Henry Ford Health System.

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Hospice News

NOVEMBER 21, 2024

Congress mandated the SFP in the Consolidated Appropriations Act of 2021 , which contained language from the Helping Our Senior Population in Comfort Environments (HOSPICE) Act. At the same time, [CMS’] implementation misses likely lots of truly poor performing hospices that should be called out and addressed.”

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Hospice News

MAY 21, 2024

The company also opened a palliative care center in Portland, Maine, in 2021. As Androscoggin entered the behavioral health market in 2022 with its acquisition of Care & Comfort for an undisclosed sum. It also offers maternal and child health, mobile wound care, therapy and caregiver services.

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Hospice News

DECEMBER 22, 2023

Only three hospice deals took place in the third quarter of this year compared to 11 in Q3 2022 and 18 in the same period in 2021, according to data from the M&A advisory firm The Braff Group. Transaction volume declined in the hospice and home-based care space in 2023, following the two record-breaking prior years.

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Hospice News

SEPTEMBER 9, 2022

Investors poured heaps of money into digital health in 2020 and 2021, but this year they are clutching their purse strings a little tighter. Investment in the sector topped $29 billion in 2021, via 729 deals, according to a report by the venture capital fund Rock Health, but thus far 2022 is not keeping pace.

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Hospice News

MARCH 27, 2023

More than $200 million SIA payments were distributed in 2021, compared to less than $100 million in 2017, according to the Abt research. In terms of patients, that’s more than a million beneficiaries receiving SIA services in 2021, versus under 850,000 beneficiaries in 2017, the data found.

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Hospice News

OCTOBER 4, 2022

31, 2021, according to a new CMMI white paper. Initially slated to complete in 2020, CMS extended the program until December 2021. The Center for Medicare & Medicaid Innovation (CMMI) is developing new reimbursement pathways for palliative care. MCCM was designed to test the impact of concurrent hospice and curative care.

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Hospice News

MARCH 15, 2024

The 2021 aggregated Medicare hospice margin was 13.3%, according to MedPAC. in 2021, the commission reported. MedPAC commissioners maintained that hospice payment levels were “favorable,” due to increases in utilization and length of stay, sufficient access to capital, investor interest in the space and margin data. decline from 2018.

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Hospice News

JULY 12, 2024

More than 57,000 people in Illinois elected the Medicare Hospice Benefit in 2021, according to the U.S. By 2030, the department projects that seniors will represent 25% of the Illinois population, about 3.6 million people. Centers for Medicare & Medicaid Services.

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Hospice News

APRIL 13, 2023

This is a rise from 1,367 individuals served in 2021, 135 of whom were hospice patients and families, according to an annual report. In 2021 the organization had seven employees.

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Hospice News

MARCH 29, 2023

The troubling appearance of new hospices with questionable practices first arose in California during 2021. The Consolidated Appropriations Act of 2021 included a number of changes to improve hospice care. This followed a similar request from Senate members late last year. Both requests came with bipartisan support.

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Hospice News

SEPTEMBER 1, 2023

Federal courts in 2021 sided with Care Alternatives in the whistleblower lawsuit. The current suit appeals the 2021 ruling, claiming that it was “based solely on failure to show falsity,” plaintiff attorneys stated in the court documents. New Jersey U.S. Supreme Court’s refusal to hear the case.

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Hospice News

NOVEMBER 28, 2023

“The main takeaway at this point we’re seeing is that participation grows overall, but also seeing that the utilization of the components services remains somewhat low as it was in 2021,” Driessen said. “On Hospice utilization in VBID CMS launched the carve-in at the beginning of 2021, and last month issued results of the RAND Corp.’s

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Hospice News

SEPTEMBER 9, 2024

About 25,271 Medicare decedents in 2021 elected the hospice benefit, according to the U.S. Individuals 85 and older are the fastest growing segment of the Maryland population, according to the state’s Department of Aging. Currently 22.62% of the Maryland population is 60 or older, a number expected to rise to 26.6%

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Hospice News

JANUARY 26, 2024

While consolidation slowed in 2023, many industry observers expect a rebound in 2024, though perhaps not to the record-breaking levels seen in 2021. Prior to his role at Transcend, he was senior vice president of marketing and communications for AccentCare, which merged with Seasons Hospice & Palliative Care in 2021.

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Hospice News

FEBRUARY 21, 2023

The gestation of Texas-based VitalCaring has been years in the works, but it built its clinical foundation around July 2021, when its three principal owners — Anthony and the private equity firms Vistria Group and Nautic Partners — purchased an undisclosed home health agency in Louisiana. NYSE: EHAB).

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Hospice News

AUGUST 29, 2024

The hospice provided inpatient care to an estimated 1,767 patients and home-based services to 2,016 patients in 2021, according to its biennial report. Alzheimer’s and dementia-related conditions were the fifth leading cause of death among adults 65 and older in 2021, reported the Alzheimer’s Association.

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Hospice News

AUGUST 21, 2024

The Justice Department alleges that 19 Intrepid locations between 2016 and 2021 submitted home health Medicare claims for ineligible patients. “This settlement reflects our commitment to ensuring that these benefits are used to care for those who need them and not just to enrich those who seek to provide them.”

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