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. We’re now the largest independent, nonprofit, home and community-based healthcare organization in Maine,” Fournier says. Our name may have changed, but our heart hasn’t.

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Hospice News

MARCH 4, 2025

Former NAHC President Joins New Day Healthcare, Law Firm Bill Dombi has recently stepped into two new roles following his retirement as president of the National Association for Home Care & Hospice (NAHC). New Day Healthcare LLC announced that Dombi recently joined its board of advisors.

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Hospice News

JUNE 15, 2022

Aging Media Network (AMN) is proud to announce the Frontline Honors Class of 2022. We are excited to announce the Frontline Honors Class of 2022, which showcases individuals who have put patients, residents and their team members ahead of themselves to help their organizations thrive.”. Congratulations to the Class of 2022!

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Evidence-Based Nursing - BMJ blogs

FEBRUARY 4, 2025

The healthcare sector has recognized the significant influence of climate change on public health and is actively pursuing sustainability initiatives to reduce its environmental impact 3 while continuing to care for those affected. The survey also found that minority of nurses were aware of the term Net-Zero Healthcare.

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Hospice News

DECEMBER 12, 2022

Though hospice deal volume dipped in 2022 compared to previous years, five particular transactions could paint a larger picture of where investors see value in the space. Another big-ticket deal in 2022 also involved another payer. Optum to pick up LHC Group. Humana sells bulk of Kindred hospice to private equity. This was Humana Inc.’s

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Hospice News

DECEMBER 15, 2022

Florida-based Hope Healthcare has affiliated with Chapters Health System, a nonprofit provider of hospice, palliative care and home health, among other services. This marks the second affiliation for Chapters in 2022, the first being Cornerstone early in the year. Beckwith has led Hope Healthcare for more than 30 years.

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Hospice News

MARCH 28, 2025

Hospice utilization rates reached 26.34% among Medicare decedents in 2022, reported the National Alliance for Care at Home. The study gauged the caregiver experiences of for-profit entities as reported in Consumer Assessment of Healthcare Providers and Systems (CAHPS) survey data. This fell below the national average of 49.1%

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Hospice News

APRIL 16, 2025

A foundation in care management Understanding insurance coverage of social determinants of health is key for palliative care providers, which often operate on meager reimbursement, according to Dr. Cameron Muir, CMO at the National Partnership for Healthcare and Hospice Innovation (NPHI).

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Hospice News

JULY 14, 2023

Paul Mastrapa becomes CEO of Interim HealthCare Jennifer Sheets is out as CEO of Interim HealthCare and Caring Brands International. Interim HealthCare thanks outgoing CEO Jennifer Sheets for her service to the company and wishes her well in her future endeavors,” Interim indicated in a press release.

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Hospice News

DECEMBER 19, 2024

Pennant, HHCAHs New Hospice Executive Director West Region Hartford Healthcare at Home (HHCAH) has named Victor Couzens as its new hospice executive director. Elizabeth Healthcare, Trustbridge Hospice and Jackson Health System. million in Fiscal Year (FY) 2022.

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Hospice News

MAY 30, 2024

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. The peak chasm certainly was in the second half of 2022, but we’re now approaching two years hence. In 2022, those groups were trading for a premium, all of a sudden.

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Hospice News

JANUARY 13, 2025

Johnson previously served as president of the Trustbridge Hospice Foundation, since 2022. Guerisoli stepped into the CEO role in 2022 and has served on Pennants board since 2023. The announcements follow the recent closing of Pennants $80 million acquisition of Signature Healthcare at Homes hospice and home health assets.

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Evidence-Based Nursing - BMJ blogs

DECEMBER 8, 2024

The healthcare system is under significant pressure due to growing patient demands, a shortage of workforce, rising costs, and the lingering effects of the COVID-19 pandemic. These global examples underline the transformative potential of digital healthcare in preparing the NHS for future demands while maintaining high standards of care.

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Hospice News

AUGUST 15, 2022

Aging Media”) is pleased to announce the Future Leaders Class of 2022, showcasing the most promising talent in senior housing, skilled nursing, home health and hospice industries. The 2022 awards program is sponsored exclusively by PointClickCare Technologies , the leading cloud-based software platform for the senior care market today.

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Hospice News

DECEMBER 1, 2023

The national average hourly rate for Hospice registered nurses rose 4.58% in 2023, down from a 5.95% increase in 2022, according to a new report by the Hospital & Healthcare Compensation Service (HCS) in cooperation with the National Association for Home Care & Hospice (NAHC). this year, but geographic variations exist.

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Hospice News

OCTOBER 13, 2023

The RAND analysis released this week covers the calendar year 2022. In 2022, 13 insurance companies offered hospice VBID benefits through a total of 109 health plans. For more than half of these plans, 2022 was their first year of participation. Centers for Medicare & Medicaid Services (CMS) commissioned the RAND Corp.

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Hospice News

JUNE 11, 2024

Federal regulators should increase scrutiny of private equity activity in the hospice space, according to the National Partnership for Healthcare and Hospice Innovation (NPHI). In 2022, 5,899 hospices provided care to Medicare beneficiaries, up 10% year-over-year, according to the Medicare Payment Advisory Commission (MedPAC).

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Hospice News

NOVEMBER 30, 2022

The national average hourly rate for hospice aides and CNAs rose 9.09% in 2022, compared to a 4.52% increase in 2021, according to the 2022-2023 Hospice Salary & Benefits Report , published by Hospital & Healthcare Compensation Service (HCS) in cooperation with the National Association for Home Care & Hospice (NAHC). .

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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

DECEMBER 11, 2023

Aveanna Healthcare Holdings Inc. increase from Q3 2022. compared to Q3 in 2022. Having worked closely with Matt over the years, I have a high level of confidence with his financial acumen, industry knowledge, and healthcare expertise. NASDAQ: AVAH) has appointed Matt Buckhalter as its new CFO effective Jan 1.

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Hospice News

FEBRUARY 24, 2023

NYSE: CHE) subsidiary VITAS Healthcare is banking on improved recruitment and retention to spur upward movement on patient census, admissions and length of stay. To recap, we have now generated two quarters of sequential growth in licensed healthcare workers, sequential growth and admissions, as well as [average daily census].

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Hospice News

MAY 18, 2022

During the first half of 2022, providers continue to hemorrhage dollars to boost hiring while adjusting wages and purchasing for skyrocketing inflation. NYSE: CHEM), said at the RBC Capital Markets Global Healthcare Conference. “So CMS had temporarily suspended sequestration during the pandemic.

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Hospice News

APRIL 27, 2022

VITAS Healthcare, a subsidiary of Chemed Corp. Our 2022 guidance anticipated sequential improvement in senior housing-based patients in the first quarter of 2022, with an acceleration and senior housing admissions anticipated throughout 2022.”. The company came out of the first quarter bruised, but still on its feet.

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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. This includes the $5.4

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Hospice News

JUNE 14, 2023

annually between 2022 and 2031, reaching $7.1 ” In 2022, CMS paid $23.9 A deceleration in spending growth compared to that in 2021, is attributable in part to the Medicare fee-for-service beneficiaries using emergent hospital care at lower rates during 2022,” CMS Economist Jacqueline Fiore said in a conference call.

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Hospice News

JULY 27, 2023

NYSE: CHE) subsidiary VITAS Healthcare, but financial pressure points remain. All told, VITAS Healthcare has recruited 784 workers since the bonus program’s launch a year ago, the majority of whom were nurses. million compared to the first half of 2022. rise from the same period in 2022. year-over-year rise.

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Hospice News

MAY 23, 2022

The workforce shortage preceded the pandemic, and hospices and other health care employers will continue to need those contract nurses for the foreseeable future, according to Bobby Conlon, senior national staffing manager for Caring Brands International subsidiary Interim HealthCare. The impact of the variant was massive.

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Hospice News

SEPTEMBER 5, 2024

1, we expect an approximate 3% increase, CFO Crissy Carlysle said at the Wells Fargo Healthcare Conference. Carlyle also credited Enhabit’s case management system , which it implemented in 2022, as a contributor to its hospice growth. “We’re not under the same reimbursement uncertainty for hospice. Enhabit brought in $260.6

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Hospice News

FEBRUARY 23, 2024

Vitas Healthcare is making changes in its c-suite and executive team. VITAS Healthcare continues to experience tremendous success and, as we keep growing, so do the opportunities and recognition for our leadership,” Westfall told Hospice News in an email. CEO Nick Westfall has been appointed the company’s chairman.

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Hospice News

FEBRUARY 10, 2023

Though investors and strategic buyers didn’t wade quite as deep into the hospice market in 2022 compared to years prior, the tide may be rising for M&A during 2023. The pace of M&A activity in the industry slowed in 2022 but still held at “historically strong” levels despite lingering COVID and labor headwinds, Springer said.

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Hospice News

MARCH 8, 2023

NYSE: CHE) VITAS Healthcare has appointed Alexander Fernandez as its CFO and executive vice president (EVP). Prior to that, Fernandez was COO of Tenet Healthcare Corp.’s We want to be able to add clinical capacity to absorb the demand we see, and we’re still ramping up to that,” Westfall said in a Q4 2022 earnings call.

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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. Some key metrics include CMS star ratings in the agency’s Care Compare system, as well as results from Consumer Assessment of Healthcare Providers and Systems (CAHPS) surveys and the Hospice Item Set.

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Hospice News

MARCH 26, 2023

One consistent message these providers reported in their Q4 2022 earnings was that — while labor is improving —the upward swing comes with a hefty price tag. This is evidenced by VITAS expanding our licensed health care staff by 275, coinciding with the launch of our hiring and retention program, beginning on July 1 of 2022.

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Hospice News

APRIL 27, 2023

Investments in their workforce have spurred VITAS Healthcare forward on the road to pre-pandemic financial and clinical performance. Aging Media Network photo Aging Media Network photo VITAS Healthcare CEO Nick Westfall In Q1, the company’s ADC rose 3% year-over-year to 17,830. from the first quarter of 2022 but represents a 9.1%

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Hospice News

MAY 23, 2023

One contributing factor is that — following a glut of activity in 2021 and 2022 — fewer quality hospices are left on the market, the Mertz Taggart report indicated. “To The current state of hospice M&A The downward trend started to emerge in late 2022, when deal volumes and valuations dipped from the record highs of the preceding years.

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Hospice News

DECEMBER 4, 2023

After the tumultuous years of the pandemic, VITAS Healthcare expects a stable growth trajectory heading into 2024. Though the company has not yet released financial guidance for 2024, VITAS anticipates a “predictable” 2024 in terms of earnings and growth, executives said at Monday’s Bank of America Healthcare Conference. NYSE: CHE).

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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. Generally, interest rate cuts tend to boost M&A activity and valuations.

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