Hospice News

SEPTEMBER 19, 2024

on Wednesday, which will likely have an impact on hospice M&A. Interest rates have widespread implications for the hospice mergers and acquisitions market, particularly when it comes to private equity investments. The post How the Fed’s Interest Rate Cuts Could Affect Hospice M&A appeared first on Hospice News.

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Hospice News

AUGUST 29, 2024

The Connecticut Hospice Inc. Dubbed as Magnolia Care, the decision to launch these new services was in part driven by rising demand as more seniors with Alzheimer’s disease and dementia reach life’s final stages, according to the hospice provider. Growing demand is among the factors driving hospices’ investment.

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Hospice News

AUGUST 1, 2024

Hospice of the Western Reserve has completed its affiliation with Hospice of North Central Ohio (HNCO), expanding its geographic presence in the Buckeye state. The two hospice providers in February announced the affiliation after signing a letter of intent to enter a Management Services Agreement. Photo by Pixelate Photography.

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Hospice News

SEPTEMBER 13, 2024

Plano, Texas-based Heart to Heart Hospice will soon add a third location to its geographic footprint in Oklahoma. The de novo will open this fall, located in Durant, Oklahoma, and serve hospice patients and their families across 11 surrounding counties. Demographics are driving demand for hospice in Oklahoma. Census Bureau.

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Hospice News

MAY 30, 2024

When it comes to hospice acquisitions, buyers and sellers expectations on price tags are becoming more aligned. A surge of deals in 2021 and 2022 led to record-high valuations in the space with multiples reaching in excess of 30x in some instances. However, this doesn’t mean that buying a hospice is a bargain-basement transaction.

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Hospice News

NOVEMBER 6, 2024

Beth Van Duyne (R-Texas) and Jimmy Panetta (D-California) have introduced a bill that would reform aspects of the hospice Special Focus Program (SFP). If enacted, the Enhancing Hospice Oversight and Transparency Act also would increase the penalty for hospices that do not report quality measure data to 10% by 2027, up from 4% currently.

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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 17, 2024

Hospice providers, industry groups and other stakeholders recently penned a letter urging Congress to improve payment infrastructures that would increase access to end-of-life care among rural populations. For some rural areas, they’re not seen as financially feasible or sustainable to larger programs,” Kuhlman told Hospice News. “So,

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HopeHealth

AUGUST 16, 2022

Attleboro, MA — According to patients, families and caregivers in Massachusetts, HopeHealth’s hospice care and HopeHealth Community VNA’s home health care are among the nation’s best. In 2021 in the Bay State, HopeHealth and HopeHealth Community VNA ranked in Read More.

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Hospice News

OCTOBER 25, 2024

VITAS Launches New Florida Location VITAS Healthcare has opened a new location in Florida, expanding the hospice provider’s footprint in its home state. The location will serve as a hub for staff providing hospice services across Pasco County, where seniors 65 and older represent 21.8% Dozier Hospice House.

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Hospice News

NOVEMBER 22, 2024

Valuations in the hospice space have led Addus Homecare (Nasdaq: ADUS) to take a more conservative approach to hospice transactions as it actively seeks home health and personal care deals. Hospice multiples reach record highs in 2020 and 2021, as much as 26x. The company’s hospice service line brought in $57.3

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Hospice News

JUNE 25, 2024

The durable medical equipment provider Home Oxygen Company has completed an asset purchase of the DME division of California-based Community Hospice & Health Services. The acquired division is “believed to be” among the last hospice-owned DME companies in California, according to a press release emailed to Hospice News. “We

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Hospice News

AUGUST 30, 2024

In a time of workforce shortages, hospices are seeking the “secret sauce” that will help keep employees on board and bring new people into their fold. YoloCares provides hospice, palliative and supportive care in six counties across northern California. NYSE: CHE). We maintain a leadership presence with respect to their people.

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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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HopeHealth

DECEMBER 30, 2021

HopeHealth recaps its top 5 most popular blog stories of 2021. Topics included family love and empathy, end-of-life spiritual questions, the science of hospice care, pandemic myths and the nursing profession. The post What were the top 5 stories of HopeHealth’s 2021 blog? appeared first on HopeHealth.

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Hospice News

MAY 7, 2024

Fraudulent hospices continue to proliferate, and some may be moving between states to escape regulators. 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.

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Hospice News

NOVEMBER 21, 2024

Prolific health disparities have driven hospices to implement various strategies to improve diversity, equity and inclusion among underserved patient populations. Garrett is also executive director of the Virginia-based hospice’s Diversity, Equity, Inclusion and Belonging Committee. Hospice utilization rates rose by 4.1%

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Hospice News

AUGUST 21, 2024

The Dallas-based home health and hospice provider Intrepid USA will pay $3.85 The company was accused of enrolling patients for both home health and hospice services who were not eligible. The company was accused of enrolling patients for both home health and hospice services who were not eligible. Department of Justice.

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Hospice News

JULY 10, 2024

The Ohio-based health system Adena Health has unveiled a hospice and home health joint venture with Alternate Solutions Health Network (ASHN). The JV, branded as Adena Home Health and Hospice, will launch next month, providing care to seriously and terminally ill patients in south central and southern Ohio. Census Bureau.

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Hospice News

MAY 28, 2024

payment increase for hospices is insufficient in today’s economic climate, the National Hospice and Palliative Care Organization (NHPCO) indicated in comments on the 2025 proposed payment rule. Centers for Medicare & Medicaid Services (CMS) in March issued its 2025 proposed hospice rule, which if finalized would include a 2.6%

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Hospice News

MAY 21, 2024

Maine-based Androscoggin Home Healthcare and Hospice has rebranded as Andwell Health Partners to better reflect its growing suite of services. The company launched in 1966 as a home health company, later adding hospice, palliative, behavioral health and community care services. “As We want to serve as your partner in health for life.”

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Hospice News

OCTOBER 13, 2023

Implementation of the Medicare Advantage hospice carve-in has been challenging for both payers and providers, though a recent analysis indicates that it may get easier over time. to conduct the analysis of the program, formally called the hospice component of the value-based insurance design model (VBID).

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Hospice News

JULY 12, 2024

Unity Hospice and Palliative Care has signed an agreement to become part of Illinois-based Northwestern Medicine’s Post-Acute Network (PAN). The agreement establishes the hospice as a preferred provider for referrals from the health system, which is affiliated with Northwestern University in Evanston, Illinois. “We million, up from 1.9

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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

MARCH 13, 2024

As hospice program integrity remains in the spotlight, California remains the only state to take action on curbing the problem. 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.

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Hospice News

MAY 1, 2024

NASDAQ: PNTG) has acquired Utah-based South Davis Home Health and South Davis Hospice. The Pennant Group and its independent operating subsidiaries provide health care services through 111 home health and hospice agencies and 51 senior living communities throughout several states. The Pennant Group, Inc. Seniors represent 12.1%

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Hospice News

MARCH 4, 2024

Centers for Medicare & Medicaid Services will end the hospice component of the value-based insurance design model (VBID) as of Dec. Often called the “hospice carve-in,” the program was designed to test coverage of hospice care through Medicare Advantage, in addition to some coverage of palliative care and transitional care.

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Hospice News

JULY 9, 2024

Brigham and Women’s Hospital in Boston applied an AI algorithm to facilitate timely transitions to hospice for patients presenting in the emergency department. After this effort was initiated in 2021, about 54% of eligible patients elected the hospice benefit, compared to 22% in years prior, a new study in JAMA Network Open indicated.

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Hospice News

OCTOBER 17, 2023

Montgomery Hospice & Prince George’s Hospice has signed a memorandum of understanding to affiliate with Virginia-based Blue Ridge Hospice. The move could signal the start of a new hospice collaborative in the mid-Atlantic region. Montgomery Hospice & Prince George’s Hospice is headquartered in Maryland. “We

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Hospice News

SEPTEMBER 27, 2024

This reality is driving some hospices to forge stronger collaborations with providers of after-loss services. One of the greatest challenges facing bereaved families when a loved one dies is the lack of a will or other estate planning tool (for example, living trust),” Marylander told Hospice News in an email.

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Hospice News

JUNE 5, 2024

A slew of fraudulent hospices in California are dodging consequences by shuffling patients around between provider numbers. That’s according to multiple sources who spoke with Hospice News, expressing their concerns about patterns of fraud continuing even as government regulators crack down on the sector.

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Hospice News

MARCH 23, 2023

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

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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

JANUARY 8, 2024

Private equity firms in the hospice space are adapting their “roll-up” strategies as economic uncertainties persist. While PE firms are not abandoning the hospice space, they are slowing their momentum, according to Mark Kulik, senior managing director for the M&A advisory firm The Braff Group.

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Hospice News

JANUARY 31, 2024

The Texas-based home health and hospice company VitalCaring Group was built largely through acquisitions, and the company expects to step up that strategy in 2024 with an emphasis on hospice. The big question mark right now is what home health and hospice multiples are going to look like. Not a lot right now.

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Hospice News

OCTOBER 5, 2023

Hospice of Northwest Ohio is buying the operations of ProMedica Ebeid Hospice Residence. ProMedica’s Ebeid Hospice Residence is a 12-bed inpatient facility that opened in 2008, attached to ProMedica’s Flower Hospital campus. The purchase gives Hospice of Northwest Ohio an inpatient facility in Sylvania, Ohio. “We

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Hospice News

AUGUST 27, 2024

Trust and collaborative communication are essential to hospice executive teams seeking to weather a changing health care system. The nonprofit health system provides home care, hospice, palliative and dementia care across Rhode Island and southeastern Massachusetts. Franchitto and Martin have led the organization for roughly 15 years.

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