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. While some hospice companies reported hiring and capacity gains in 2023, often driven by bonus programs, the problem persists for many providers.

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Hospice News

JUNE 29, 2023

The company’s net service revenue reached $251.6 Its hospice segment represented $49.08 Acquisitions contributed about $65 million to Addus’ bottom line in 2022. The company purchased Illinois-based hospice provider JourneyCare Inc. million during the first quarter, up 11% year-over-year.

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Hospice News

JULY 21, 2023

In addition to those pressures, the industry is also in a cooling period in which companies focus on integrating the assets that many acquired during flurries of activity in 2021 and 2022, according to Mark Kulik, senior managing director at The Braff Group. The dynamics of supply and demand are also at play.

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Hospice News

JULY 3, 2023

In January, hospice organizations began sounding the alarm on similar activity in other states — Arizona, Texas and Nevada. Arizona had 239 new Medicare-certified hospices appear between 2018 and 2022, representing 52% of all providers in the state.

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Hospice News

SEPTEMBER 2, 2022

While a range of publicly traded companies and private equity firms have nevertheless snapped up hospices in record numbers, the skyrocketing valuations have led some to wait it out for a price drop. Among these is VITAS Healthcare, a subsidiary of Chemed Corp.

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Hospice News

DECEMBER 13, 2022

Signatories on the joint letter included LeadingAge, the National Association for Home Care & Hospice (NAHC), the National Hospice and Palliative Care Organization (NHPCO), and the National Partnership for Healthcare and Hospice Innovation (NPHI). The average bonus for registered nurses was $6,330. .

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Hospice News

JUNE 16, 2022

That year, for example, LHC Group acquired home health and hospice operations in 22 states from a joint venture between Brookdale Senior Living (NYSE: BKD) and hospital system HCA Healthcare (NYSE: HCA). Meanwhile, investors that are snatching up hospice acquisitions have increasingly seen value in selling them off, continued Kulik.

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Hospice News

JANUARY 3, 2025

From a business perspective, this means hospice companies will have to rise to meet burgeoning demand and staff shortages and financial headwinds, including reimbursement that hasnt kept pace with inflation rates. The hospice M&A market hit a slump in 2023 and 2024 due to a range of factors. in 2022 to 2.5%

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Hospice News

DECEMBER 21, 2022

Hospice leaders have kept their eyes on four key numbers as 2022 progressed: clinical capacity, length of stay, labor costs and utilization. A fifth, the rising number of new hospices in certain states, has emerged as a priority in recent weeks. These metrics are key to understanding what hospices experienced this year.

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Hospice News

MARCH 19, 2025

VITAS Healthcare, a subsidiary of Chemed Corp. NYSE: CHE) has achieved the American Heart Association (AHA) Palliative/Hospice Heart Failure certification across all 15 states in which the company operates. The disease in 2022 was mentioned on more than 457,000 U.S. Close to 6.7 Centers for Disease Control and Prevention.

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Hospice News

JUNE 22, 2023

Recent allegations that staff at HCA Healthcare (NYSE: HCA) put pressure on patients to enter hospice dovetail with longstanding questions over how and when patients should be referred. SEIU benchmarked HCA’s hospice transfer rates against national data. billion acquisition of the home health and hospice company LHC Group.

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Hospice News

JANUARY 19, 2023

The organizations penned a joint letter to CMS in November urging for increased oversight to help curb hospice frauds, including the National Association for Home Care & Hospice (NAHC), National Hospice and Palliative Care Organization (NHPCO), National Partnership for Healthcare and Hospice Innovation (NPHI) and LeadingAge.

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Hospice News

JUNE 23, 2022

Despite a cool down in the hospice mergers and acquisitions market during the first quarter of 2022, private equity firms have stayed aggressive on deals. About 30% to 50% of home health and hospice transactions in 2021 involved private equity, according to the M&A advisory firm The Braff Group.

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NHPCO

JANUARY 19, 2023

.) – The four national hospice provider organizations: LeadingAge , the National Association for Home Care & Hospice (NAHC) , the National Hospice and Palliative Care Organization (NHPCO) , and the National Partnership for Healthcare and Hospice Innovation (NPHI) , provided the Centers for Medicare and Medicaid Services (CMS) and key Congressional (..)

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