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U.S. Health Care Spending Reaches $4.9 Trillion

Hospice News

trillion in 2023, a new analysis by the U.S. This growth took place at a faster pace in 2023 than prior years. The health sectors share of the economy in 2023 was 17.6%, which was similar to its share of 17.4% health care spending in 2023 was via Medicare, with private insurance representing a 30% share. About 21% of U.S.

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CMS Final Rule Gives Hospice 3.8% Pay Raise for 2023

Hospice News

bump in their per diem payments for 2023, according to a final rule published today. Pay Raise for 2023 appeared first on Hospice News. Centers for Medicare & Medicaid Services (CMS) will give hospices a 3.8% The reimbursement increase is larger than the 2.7% the agency initially proposed for next year.

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Diverse Utilization, Cost Trends Shaping Hospice Care Delivery

Hospice News

of Medicare hospice decedents terminal conditions in 2023, according to a recent joint report by the Alliance and the Research Institute for Home Care. Key hospice findings The webinar discussion highlighted results from the joint repor t, dubbed the 2024 Hospice Chartbook, which examined Medicare hospice decedent trends during 2023.

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2023’s Most Impactful Hospice Regulatory Moves

Hospice News

Program integrity issues that have heated up in the hospice space during the past five years reached a boiling point in 2023. Hospice providers have seen an array of increased regulatory oversight in 2023. It’s a reason to be very active about compliance and understanding the regulatory landscape you’re working within.

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The Most Significant Hospice Deals So Far in 2023

Hospice News

Thus far in 2023, hospice merger and acquisition activity has deviated from prior years. But in 2023, private equity activity slowed from its formerly frenzied pace. The majority of the 13 publicly announced hospice and home health deals in 2023 have involved “bolt-ons,” or smaller entities, Kulik stated.

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Key Trends That Will Shape the Hospice Industry in 2023

Hospice News

Most hospices are sliding into 2023 between a rock and a hard place, beset by headwinds, labor shortages and questions with no easy answers. Government oversight of hospice providers will tighten during 2023. These concerns will be a hot topic in the new year, but other regulatory actions are also underway for 2023.

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Palliative Care, ACO Collaborations Fuel ‘Historical Savings’ in MSSP Program

Hospice News

billion net savings in 2023 — the largest amount in the program’s inception more than a decade ago, according to the agency. billion in shared savings payments during the program’s 2022 to 2023 performance year, the highest dollar amount thus far, CMS reported. ACOs participating in MSSP earned an estimated $3.1