Hospice News

DECEMBER 20, 2024

Centers for Medicare & Medicaid Services (CMS) found. In 2022, health care spending rose at a rate of 4.6%. Total Medicare hospice spending accounted for $25.7 billion last year, according to a separate report from the Medicare Payment Advisory Commission (MedPAC). Trillion appeared first on Hospice News.

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Hospice News

NOVEMBER 11, 2024

Eden Health of Northern Nevada, dba Eden Hospice, has acquired A Plus Hospice Care in its home state. Through the transaction, A Plus Hospice Care patients will have access to Eden Health’s additional services, including home health, home care and palliative care. Financial terms were undisclosed. About 17.4% of Nevada’s 3.1

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Hospice News

DECEMBER 11, 2024

Texas-based New Day Healthcare LLC has announced its acquisition of Good Samaritan Society’s hospice operations in its home state. The transaction includes Good Samaritans hospice assets in El Paso, Texas, expanding New Days existing presence in that market. Hospice utilization rates hovered at 49.1% Scott Herman.

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Hospice News

MARCH 14, 2025

Rising demand for end-of-life care is pushing hospice growth opportunities to the forefront in value-based reimbursement. More payers in this arena are increasingly recognizing the depth of potential beneficial outcomes when it comes to collaborative hospice partnerships. billion in 2022, Medicare (MedPAC) reported.

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Hospice News

NOVEMBER 11, 2024

Texas-based New Day Healthcare LLC on Monday announced its acquisition of Intrepid USA’s hospice operations in Missouri and in its home state. The deal includes Intrepid’s hospice assets in Joplin and Springfield, Missouri, as well as its locations in Beaumont, Texas. Hospice utilization rates hovered at 49.1% Census Bureau.

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Hospice News

NOVEMBER 11, 2024

Centers for Medicare & Medicaid Services (CMS) recently announced that its Medicare Shared Savings Program (MSSP) yielded more than $2.1 billion in shared savings payments during the program’s 2022 to 2023 performance year, the highest dollar amount thus far, CMS reported. “We

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Hospice News

NOVEMBER 27, 2024

Kansas-based Faith Home Health and Hospice will acquire the home-based care operations of Holton Community Hospital. The hospital in September announced that it would be closing its home health and hospice services as of Dec. Faith Home Health and Hospice assumed management of the programs effective Nov. million people.

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Hospice News

NOVEMBER 13, 2024

Quality, compliance and financial stability are top of mind in hospice merger and acquisitions (M&A) as this year comes to an end. Growing demand is among the constants driving investor interest in the hospice space, according to Tom Lillis, partner at the Kentucky-based firm Stoneridge Partners Strategic Consulting.

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Hospice News

APRIL 10, 2024

The Medicare Hospice Benefit could use an “upgrade” to ensure greater flexibility that may be necessary to fully support patients’ needs. Centers for Medicare & Medicaid Services (CMS) should consider is retiring the six-month terminal prognosis requirement and allowing for some concurrent care, Wallace and Wladkowski indicated.

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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

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

NOVEMBER 16, 2023

Medicare fee-for-service programs made $31.23 billion in improper payments during 2023, though a smaller proportion of those dollars went to hospices than in years prior. Hospices received nearly 5.4% of improper payments from Medicare in 2023, down from 12% in 2022, according to a new report from the U.S.

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Hospice News

SEPTEMBER 15, 2023

For the time being, Medicare Advantage may be providers’ best bet for palliative care reimbursement. Centers for Medicare & Medicaid Services (CMS) also allows Medicare Advantage plans to cover palliative care as a supplemental benefit. This year, the number of MA plans swelled to 3,998 nationwide, up 6% from 2022.

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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

DECEMBER 19, 2022

In 2022, the hospice community laid the groundwork for a transformational 2023. During late 2021 and 2022, the U.S. Centers for Medicare & Medicaid Services (CMS) developed new approaches for enforcing hospice regulations that will become effective on Jan.

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Hospice News

DECEMBER 10, 2024

In advance care planning, the presumption is that it’s something that’s done only towards the end of life, but advance care planning is just the act of planning your care in advance, and we realize that that can be applicable to a lot of different scenarios, Koda Health CEO Tatiana Fofanova told Hospice News.

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Hospice News

JUNE 29, 2022

Congressional legislators are casting doubts on regulatory oversight of Medicare Advantage plans over concerns about spending, claims denials, and end-of-life care. Department of Health & Human Services Office of the Inspector General (OIG), the Medicare Payment Advisory Commission (MedPAC), and the Government Accountability Office.

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Hospice News

MARCH 12, 2025

Similar to national demographic trends, a growing aging population is driving demand for hospice in Texas. Hospice utilization among Medicare decedents 52.23% in Texas in 2022, reported the National Alliance for Care at Home. Hospice utilization rates hovered at 49.1% Hospice utilization rates hovered at 49.1%

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Hospice News

FEBRUARY 20, 2025

Scott Herman, CEO of New Day Healthcare, told Hospice News in an email. The transaction adds personal care services to New Days hospice and home health operations in the Houston area, a key step in the providers efforts to build out a multi-faceted continuum of care. Hospice utilization rates hovered at 49.1% Census Bureau.

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Hospice News

AUGUST 16, 2023

Medicare Advantage plans are connecting the dots between quality scores and care delivery costs. When choosing a hospice to work with, payers in the Medicare Advantage (MA) realm zero in on providers’ quality scores and its patient population growth potential, according to Frontpoint Healthcare CEO Brent Korte.

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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. These interesting, unusual or groundbreaking deals could signal what’s to come in 2023 and help shape the hospice market’s long-term future. s (NYSE: HUM) $2.8

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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

OCTOBER 18, 2023

Aetna, a subsidiary of CVS Health (NYSE: CVS), is leveraging a series of new benefits that, coupled with existing palliative care programs and ongoing hospice payment demonstrations, promise to keep patients in their homes and out of facilities. Patients can access palliative care through a number of inroads.

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Hospice News

MARCH 28, 2025

Dual pieces of legislation are circulating in New York proposing to block the entry of new for-profit hospices and limit expansion of existing entities in the state. If enacted, the bills would prohibit the establishment of new for-profit hospices in New York. Despite growing demand, hospice utilization runs low in the Empire State.

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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). We wish to emphasize that it is not NPHI’s position to oppose all PE associated activity in the hospice market,” the organization indicated in its comments.

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Hospice News

MAY 3, 2023

Federal regulators are cracking down on the private insurers that administer Medicare Advantage (MA) plans. 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. based research and consulting firm ATI Advisory. trillion and reported total profits of $69.3

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Hospice News

MARCH 19, 2025

(NYSE: CHE) has achieved the American Heart Association (AHA) Palliative/Hospice Heart Failure certification across all 15 states in which the company operates. VITAS is the first national hospice company to earn the AHA certification, though some local and regional hospices have done so. death certifications.

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Hospice News

FEBRUARY 6, 2025

Bristol Hospice has acquired St. The hospice provider has indeed been on a growth trajectory. In June 2024, Bristol Hospice acquired Mississippi-based Mid-Delta Hospice, a move that marked its entry into that state. The post Bristol Hospice Acquires St. Agatha Comfort Care appeared first on Hospice News.

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Hospice News

JANUARY 8, 2025

The private equity firm Renovus Capital Partners has acquired the home health and hospice provider Superior Health Holdings, Inc. Superior provides home-based skilled nursing care, therapy services, home health aides and hospice. for an undisclosed sum. This is a rate of 48.2%.

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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

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. Centers for Medicare & Medicaid Services (CMS) commissioned the RAND Corp. The RAND analysis released this week covers the calendar year 2022.

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Hospice News

DECEMBER 11, 2024

South Carolina-based Hospice Care of the Lowcountry is rebranding as MiraSol Health. The hospices new name contains the Latin word Sol, meaning sun. While hospice care remains a cornerstone of our mission, this rebrand enables us to better represent the full spectrum of services we provide, including palliative care and grief support.

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Hospice News

JUNE 14, 2023

annually between 2022 and 2031, reaching $7.1 Meanwhile, Medicare hospice spending is expected to more than double by 2032. Centers for Medicare & Medicaid Services (CMS) Office of the Actuary also project that health care expenditures will represent 19.6% ” In 2022, CMS paid $23.9 and Medicaid by 3.2%.

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Hospice News

MAY 9, 2024

Centers for Medicare & Medicaid Services (CMS) on continuing evidence of hospice fraud and quality issues. We must urgently address the bad actors who are abusing the hospice benefit and harming patients and families,” the legislators wrote in the letter. Members of Congress are demanding answers from the U.S.

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Hospice News

APRIL 15, 2024

Though the Medicare Advantage hospice carve-in is going away at the end of this year, those operators still have a role to play in value-based care. The carve-in, formally known as the hospice component of the value-based insurance design model (VBID), will expire on Dec. Hospice care saves Medicare roughly $3.5

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Hospice News

JULY 26, 2024

A hospice physician in California is facing up to a decade in prison after pleading guilty for their involvement in a kickback fraud scheme that bilked Medicare of nearly $30 million. Contreras served as a physician for two Pasadena-based providers, Saint Mariam Hospice Inc. and Arcadia Hospice Provider Inc.

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Hospice News

OCTOBER 16, 2024

Arizona-based MD Home Health has expanded its business lines to include in-clinic care, virtual care and a hospice program. Launching our hospice services is part of a broader omnichannel strategy to pivot from a traditional home health agency to one that offers more services to address the needs of Phoenix-area residents,” David P.

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