Hospice News

NOVEMBER 13, 2024

The total amount of PE transactions in health care are projected to be 15% lower in 2024 compared to 2023 volumes. However, private equity activity is anticipated to ramp back up by the end of this year and beginning of next, according to Rebecca Springer, lead analyst in health care for Pitchbook.

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Hospice News

MAY 25, 2023

Massachusetts-based Advanced Home Care has acquired Dignity Hospice Care for an undisclosed amount. The transaction follows Advanced Home Care’s acquisition of Dignity Home Care late last year. Centers for Medicare & Medicaid Services (CMS). Only about 4 or 5 were hospice deals.

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Hospice News

DECEMBER 9, 2022

1, 2023, meaning that some of the program’s rules will change. Often called the MA hospice carve-in , the voluntary demonstration is designed to assess payer and provider performance related to hospice within Medicare Advantage (MA). Numbers from the program’s first year offer few clues for the 2023 landscape.

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Hospice News

OCTOBER 4, 2022

Only 10 new Medicare Advantage (MA) plans will offer home-based palliative care as a primarily health-related benefit for 2023, but payers may be offering those services through other programs. ” Through Medicare Advantage, the U.S. “I wouldn’t read too much into it. The carve-in launched Jan.

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Hospice News

DECEMBER 10, 2024

Enhabit anticipates a nice bump in patient census across both its home health and hospice service lines in 2025, positioning the company for stronger growth than experienced in the last year, according to President and CEO Barb Jacobsmeyer. Centers for Medicare & Medicaid Services (CMS). Nine other de novos are also on the horizon.

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Hospice News

DECEMBER 13, 2022

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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Hospice News

NOVEMBER 4, 2022

Regulators have been keeping an increasingly close watch on hospice providers, and this may intensify in 2023. Centers for Medicare & Medicaid Services (CMS) will be implementing a revised compliance survey process and has convened a Technical Expert Panel to develop a hospice Special Focus Program.

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Hospice News

JULY 13, 2023

This is the first of a two-part service that will detail key findings from recent research on hospice care, featuring numbers that could influence they ways hospices communicate and operate. Hospices’ cost-savings potential A study published in March revealed that hospice saved Medicare roughly $3.5

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Hospice News

MAY 30, 2023

Los Angeles-based Hospice Home Care recently rolled out a scholarship program for hospice aides in a move towards building career pathways and improving retention. Home hospice aides in the Los Angeles county region who have previously worked with the organization were eligible to apply for the scholarship. Census Bureau.

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Hospice News

SEPTEMBER 12, 2022

Uintah Home Health and Hospice patients began receiving services under the Canyon umbrella earlier this month. The home health and hospice provider is part of the home care service line of Uintah Basin Healthcare. Utah holds the highest rate of hospice utilization among Medicare decedents nationwide.

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Hospice News

MAY 30, 2023

Though nonprofit hospices now represent a smaller slice of the industry than in years past, they continue to care for more than half of patients in the United States who elect the benefit. The number of hospices operating nationwide rose to 5,3,58 in 2021, according to the Medicare Payment Advisory Commission.

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Hospice News

NOVEMBER 18, 2022

While home health operators brace for the impact of the meager 2023 reimbursement rates, hospices likewise must prepare for a ripple effect. Centers for Medicare & Medicaid Services (CMS) recently established a 0.7% base rate payment increase for home health care in 2023.

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Hospice News

OCTOBER 14, 2022

Instant Care provided an extraordinary opportunity to move into non-medical home care in one of the most desirable markets in the United States.”. Veterans programs and managed care organizations also have become more involved in the space. As of 2019, the U.S.

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Hospice News

MARCH 20, 2023

In 2023, the focus for many is to not only expand their core business but to spread further into the care continuum. The below comments were taken from original interviews, conducted in person and via the phone, throughout early 2023. Hospices are blazing trails toward growth, each provider with its own range of strategies.

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Hospice News

MARCH 21, 2025

Can you share your background in hospice and home over the last decade, starting with your most recent role at Amedisys? I was promoted chief government affairs officer in 2023. working hand-in-glove on policy issues with colleagues across the home health and hospice industries.

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Hospice News

JUNE 12, 2024

During 2023 alone, national health care spending rose an estimated 7.5%. This reflects broad increases in the use of health care, which is associated with an estimated 93.1% Centers for Medicare & Medicaid Services (CMS), said during a virtual media briefing. Hospice care saves Medicare roughly $3.5

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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

JUNE 14, 2023

The nation’s total health care spend is expected to swell by 5.4% 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% These data from the U.S.

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Hospice News

MARCH 21, 2024

Members of Congress are raising questions about the continued Medicare certification for new hospices in areas rife with fraud. Investigations have shown that potentially hundreds of newly licensed hospices have bilked Medicare of millions of dollars during the past several years, all while providing egregiously poor care or none at all.

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Hospice News

NOVEMBER 14, 2022

This year brought the return of Medicare sequestration, and pandemic-driven disruption in referral streams are lingering. This expense and associated drops in patient volume put a dent in third quarter revenues, but CFO Jeff Shaner has indicated that enduring that disruption will set up Aveanna for a healthier 2023. . “In

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Hospice News

MARCH 19, 2024

Employment in the home-based care sector rose above pre-pandemic levels in 2023, according to the Medicare Payment Advisory Commission (MedPAC). Department of Commerce defines this sector to include hospices, home health agencies, private duty, pediatric agencies and other providers of care in the home.

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Hospice News

FEBRUARY 26, 2024

Meanwhile, providers are also rolling with the ups-and-downs of a market ripe for further consolidation after 2023’s M&A slump as workforce headwinds persist. 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

DECEMBER 1, 2023

Wages for hospice clinicians continue to go up amid widespread staff shortages, but they grew at a slower rate in 2023 compared to the prior year. Meanwhile, turnover rates declined in 2023, representing the first drop in several years, the report indicated. The effective date of the research is July 1, 2023.

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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 agency is also releasing applications for participation for eligible Medicare Advantage organizations (MAOs) for calendar year 2024. It makes sense.

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Hospice News

MARCH 31, 2023

Centers for Medicare & Medicaid Services (CMS) late Friday released the 2024 proposed payment rule for hospice providers. The increase would translate to an estimated $720 million swell in hospice payments next year compared to Fiscal Year 2023, according to CMS. set for 2023. percentage point productivity adjustment.

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Hospice News

JANUARY 12, 2024

The Medicare Payment Advisory Commission (MedPAC) has voted to recommend a freeze on hospice payment increases starting in 2025. Centers for Medicare & Medicaid Services (CMS). Centers for Medicare & Medicaid Services (CMS). set in 2023. set in 2023. for next year, up from $32,486.92

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Hospice News

MAY 7, 2024

Centers for Medicare & Medicaid Services has also taken steps to bolster program integrity. About 128 new enrolled hospices entered California in 2023, according to data from CMS. Overall, about 69% of all newly licensed hospices in 2023 were located in Arizona, California, Nevada and Texas.

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Hospice News

FEBRUARY 8, 2023

Hospice executives in December 2022 shared their predictions for what would happen in the space during 2023. More access to care is critical,” Alex Mauricio, CEO of Bristol Hospice, told Hospice News at the Home Care 100 conference. “I This entire Medicare Advantage carve-in, it makes sense.

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Hospice News

AUGUST 2, 2024

The National Association for Home Care & Hospice (NAHC) and the National Hospice and Palliative Care Organization (NHPCO) are moving forward on the integration of their combined new organization. The bill, if enacted, would represent the most significant reforms to date for hospice payment and oversight.

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Hospice News

JUNE 15, 2022

This is prompting calls for Medicare to reconsider proposed 2023 reimbursement rates. . Centers for Medicare & Medicaid Services (CMS) to reassess the 2.7% per diem rate increase included in the 2023 proposed payment rule to account for these expenses. The hospice advocacy group NHPCO is now asking the U.S.

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Hospice News

JANUARY 13, 2023

A key attractor is the potential cost savings associated with risk-based payment systems like Medicare Advantage, in which UnitedHealth Care is of the largest players. 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

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Hospice News

DECEMBER 13, 2023

Since at least 2022, Contessa has been pursuing palliative care reimbursement through Medicare Advantage. Earlier this year, the Amedisys subsidiary entered into its first full-risk Medicare Advantage contract to include palliative care with Blue Cross Blue Shield of Tennessee. million, compared with $3.5

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Hospice News

DECEMBER 21, 2023

The National Association for Home Care and Hospice (NAHC) and the National Hospice and Palliative Care Organization (NHPCO) floated the possibility of a combination in March in light of their existing, highly collaborative working relationship.

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Hospice News

JULY 28, 2023

Centers for Medicare & Medicaid Services (CMS) is giving hospices a 3.1% That will translate to a $780 million bump to hospice payments next year compared to Fiscal Year 2023, according to CMS. set in 2023. set in 2023. increase to their per diem payments for 2024, according to a final rule published Friday.

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Hospice News

JANUARY 24, 2024

. “This strategic acquisition positions us to broaden our impact in Texas, ensuring that more communities have access to the high-quality health care services they deserve.” ” Hospice utilization in Texas runs high, with 143,284 Medicare decedents using these services in 2021, according to the U.S.

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Hospice News

MAY 2, 2023

Language in the 2024 proposed rule for the Medicare hospice program gives some indication of where the U.S. Centers for Medicare & Medicaid Services (CMS) is heading when it comes to quality measurement requirements. Historically, about 18% of Medicare-certified hospices are found non-compliant, according to Wehri.

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Hospice News

APRIL 5, 2024

Centers for Medicare and Medicaid Services’ (CMS) proposed 2025 hospice rule is finalized as written, hospices may encounter some hurdles implementing some of the new requirements. In January 2023, a coalition of four industry organizations made 34 recommendations to CMS and Congress for strengthening hospice oversight. If the U.S.

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