Hospice News

AUGUST 26, 2024

The disease in 2022 was mentioned on more than 457,000 U.S. In 2022, 52,375 Medicare decedents with (unspecified) heart failure as a principal diagnosis elected hospice — about 2.8% In 2022, 52,375 Medicare decedents with (unspecified) heart failure as a principal diagnosis elected hospice — about 2.8% Close to 6.7

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Hospice News

JULY 26, 2024

Contreras was detained in 2022 by California law enforcement agencies for allegedly receiving kickbacks from multiple parties in exchange for Medicare beneficiary referrals and billing for medically unnecessary hospice services. Black was also arrested in 2022 and has pleaded not guilty to the charges. The FBI, U.S.

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Hospice News

JUNE 12, 2024

trillion this year, up from $944 billion in 2022. Inflation and rising health care utilization are driving U.S. health care spending to growth faster than the country’s gross domestic product (GDP). The nation’s health care spend is projected to reach nearly $5.1 trillion in 2024, up from $4.5 trillion by 2032, equal to 19.7%

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Hospice News

MARCH 4, 2024

RAND examined the program’s results for Calendar Year 2022. A common conundrum during 2022 was confusion around which patients were eligible for other services included in the program, including palliative care, transitional concurrent care and hospice supplemental benefits, according to the analysis.

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Hospice News

NOVEMBER 22, 2023

This is in addition to six that launched in 2022. In October 2022, St. Other 2022 deals include the acquisition of Michigan-based Corpore Sano Hospice as well as Illinois-based Lexington Hospice Care last summer. The company has opened four devo locations so far this year in Kansas, Iowa and Wisconsin.

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Hospice News

OCTOBER 16, 2024

Hospice utilization among Medicare decedents reached more than 54% in 2022, according to the National Alliance for Care at Home. Among Medicare beneficiaries, 45,760 elected the hospice benefit in 2022. This exceeds the national average that year at 49.1%.

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Hospice News

MARCH 15, 2024

Continued growth in the number of for-profit providers (an increase of at least 10% in 2022) and reports of strong investor interest in the sector suggest that capital is available to these providers,” MedPAC indicated in its report. More than 49% of Medicare decedents enrolled in hospice care during 2022, up from 47.3%

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Hospice News

DECEMBER 4, 2024

Tutera and Residential have maintained a partnership since May 2022, through which the home health and hospice company provides home health services in the Kansas City market. In 2022, the Michigan-headquartered company acquired Comfort Hospice in Missouri and Grace Hospice in Ohio for undisclosed amounts.

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Hospice News

FEBRUARY 6, 2024

1, 2017, to July 31, 2022, and examined inequities among pediatric palliative populations. Hispanic and Latino pediatric patients were 59% less likely to receive palliative care consultations compared to white patients across inpatient settings nationwide, a June 2022 study published in Pediatric Critical Care Medicine found.

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Hospice News

DECEMBER 6, 2023

While the slowdown applies to all buyers, the decline in private equity transactions is particularly noteworthy because they were among the most aggressive acquirers in the space between 2019 and 2022. This is down from 11 in Q3 2022 and 18 in the same period in 2021. NYSE: HUM) in August 2022.

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Hospice News

DECEMBER 13, 2023

Since at least 2022, Contessa has been pursuing palliative care reimbursement through Medicare Advantage. In 2022, 147 plans offered home-based palliative care across 17 states, a 7% increase in the number of plans compared to the prior year. million in Q3 2022. million, compared with $3.5

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HopeHealth

JULY 26, 2024

In 2022, Gina’s aunt and grandmother passed away within months of each other, two people who had been at the center of her life. Then she lost her job. At age 33, her world felt like it was crumbling beneath her. That same year, Pat, age 79, lost her husband. “We

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Hospice News

FEBRUARY 26, 2024

Referral rejection rates among hospices reached a record high of 41% in 2022, according to data from CarePort, a WellSky company. 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.

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Hospice News

JANUARY 19, 2024

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. CDR in 2022 purchased a 60% stake from the insurance mammoth Humana, Inc., NYSE: HUM) for $2.8

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Hospice News

JANUARY 8, 2024

While the slowdown applies to all buyers, the decline in private equity transactions is particularly noteworthy because they were among the most aggressive acquirers in the space between 2019 and 2022. This is down from 11 in Q3 2022 and 18 in the same period in 2021. They’re being more selective in what they’re buying.”

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Hospice News

SEPTEMBER 5, 2024

Carlyle also credited Enhabit’s case management system , which it implemented in 2022, as a contributor to its hospice growth. The company has added 243 full-time nurses to its ranks since its 2022 spinoff from Encompass Health (NYSE: EHC), CEO Barb Jacobsmeyer said in a recent earnings call. Enhabit brought in $260.6

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Hospice News

DECEMBER 10, 2024

Enhabit in 2022 began leveraging a new case management staffing model to reduce turnover, seeing the strategy bearing fruit in stronger retention, clinical capacity and census growth. The events surrounding the case began in 2022 when Enhabit became a standalone home health and hospice business after its spinoff from Encompass.

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Hospice News

MARCH 2, 2023

Towards the end of 2021 and the beginning of 2022 is when we really started to see what we would deem a return to normal. But in late 2022 and early 2023, providers are seeing signs of recovery. Towards the end of 2022, the organization saw thrift shop sales rise 25% compared to the same period in 2021, Graham indicated.

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Hospice News

NOVEMBER 27, 2024

Nearly half, or 49.1%, of all Medicare decedents utilized hospice services in 2022, reported the National Alliance for Care at Home. days between 2021 and 2022, according to a report from the Medicare Payment Advisory Commission (MedPAC). The average length of stay among hospice decedents was 95.3

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Hospice News

SEPTEMBER 15, 2023

This year, the number of MA plans swelled to 3,998 nationwide, up 6% from 2022. You can’t do incident billing in the home, you can only do that in a clinic setting or in an office-based setting.”

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Hospice News

NOVEMBER 28, 2023

The company analyzed results of the program that spanned patient data through the calendar year of 2022. A little more than half of the hospices participating in the VBID model were new to the program in 2022, she stated. Nonprofit hospice affiliations surged in 2022 and 2023.

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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

OCTOBER 23, 2023

Croix Hospice in March 2022. This is in addition to six that launched in 2022. The new service follows the establishment of a fall prevention program at St. The company services as many as 4,000 patients daily across its ten-state footprint, which is concentrated in the Midwest. It has been growing in 2023.

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Hospice News

SEPTEMBER 19, 2024

Rate hikes are the Fed’s primary weapon against inflation, which climbed at a record pace during 2022 and last year. in 2022 to 2.5% That will continue to excite some folks.” Now, inflation is slowing down, dropping from 9.1% currently, according to the Fed.

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Hospice News

APRIL 15, 2024

Recent research has found that more than 90% of board certified palliative physicians and nurse practitioners nationwide were located in metropolitan and urban areas in 2022. Only one palliative care physician existed per 8,632 seniors 65 and older in 2022, according to the research.

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Hospice News

SEPTEMBER 23, 2024

CMS also reported that the KCC model had no impact on the frequency of hospitalizations, readmissions, emergency department visits or outpatient dialysis utilization during the 2022 performance year. Centers for Medicare & Medicaid Services (CMS). The model likewise did not affect kidney transplant rates.

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Hospice News

NOVEMBER 16, 2023

of improper payments from Medicare in 2023, down from 12% in 2022, according to a new report from the U.S. All told, these efforts reduced improper payments by $28 billion between 2022 and 2023. Medicare fee-for-service programs made $31.23 Hospices received nearly 5.4% Department of Health & Human Services (HHS).

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Hospice News

SEPTEMBER 8, 2023

million in 2022, according to CMS. The Medicare Advantage program grew 8% between 2021 and 2022 — about 2.2 The agency has yet to release 2022 results. MA has emerged as a powerhouse in health care, with industry-wide implications. Total Medicare enrollment hit 58.6 Of those, MA covers about 48%. million beneficiaries.

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Hospice News

FEBRUARY 15, 2024

” IntellaTriage in October 2022 secured new growth investment dollars in a funding round led by Pacific Lake Partners, with participation from Trilogy Search Partners, TTCER Partners, The Nashton Company, Aspect Investors, and Granite Point Partners.

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Hospice News

APRIL 7, 2023

In Fiscal Year 2022, routine home care accounted for 98.8% CMS data show that for-profits were less likely to provide GIP in 2022, whereas nonprofits represented the lion’s share of those who did not report instances of CHC. That price tag rose in Fiscal Year 2022, exceeding $1.4 of hospice days and 93.7% As many as 72.2%

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Hospice News

JUNE 11, 2024

In 2022, 5,899 hospices provided care to Medicare beneficiaries, up 10% year-over-year, according to the Medicare Payment Advisory Commission (MedPAC). The research cited above suggests that may not always be the case.” Of those, about 77% were for-profit entities, which provided care to about half of Medicare hospice decedents that year.

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Hospice News

JUNE 14, 2024

Koda in February 2022 secured $3.5 Following that 2022 investment round, Koda designed a repeatable sales and marketing strategy targeting potential clients almost entirely in the value-based care space. The company’s platform is designed to digitize patients’ decision-making around their care preferences and goals. Census Bureau.

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Hospice News

MAY 21, 2024

As Androscoggin entered the behavioral health market in 2022 with its acquisition of Care & Comfort for an undisclosed sum. “We’re now the largest independent, nonprofit, home and community-based healthcare organization in Maine,” Fournier says. The company also opened a palliative care center in Portland, Maine, in 2021.

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Hospice News

MARCH 8, 2024

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

JANUARY 17, 2024

In 2022, the company serviced more than 269,500 Medicare Advantage members and 89,000 Medicare fee-for-service beneficiaries. Founded in 2016, agilon health, inc. offers primary care physician services nationwide.

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Hospice News

JANUARY 13, 2023

Its full-year 2022 revenue rose 27% year-over-year to $182.8 Geographically, the program will be available in 806 counties in 24 states, up from 461 in 2022. All in all, Optum expects to care for 750,000 new value-based patients during 2023 alone, the company reported. billion in Q4, up 12% from $73.7 billion in Q4 2021.

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Hospice News

AUGUST 21, 2024

They can bring an enhanced understanding of laws governing controlled substances, awareness of symptom complexity for the seriously ill, provide medication counseling and monitor effective utilization, a 2022 study found.

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