Hospice News

FEBRUARY 26, 2024

The prior three years have laid the groundwork for change, particularly in the regulatory space as well as gradual migration towards value-based reimbursement and in tandem, the proliferation of business lines beyond hospice. With these factors in mind, below are four key trends hospices should watch this year.

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Hospice News

APRIL 16, 2024

This reflects patient census growth of about 900,000 people during 2023. The company in Q1 saw revenues rise to $61.1 Among the company’s many large investments are acquisitions of large home health and hospice companies. Optum Health currently serves more than 4.1 billion, up from $59.5 billion, up from $91.9

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Hospice News

AUGUST 30, 2024

VITAS is the largest hospice company in the nation by market share, according to 2022 data from LexisNexis. VITAS in 2023 received the Best-in-Class Award in the category of employee experience in health care for North America from the HRO Today Association, a human resources group. NYSE: CHE).

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Hospice News

JUNE 28, 2024

The Texas-based home health and hospice company VitalCaring Group was built largely through acquisitions. VitalCaring was formed in July 2021, when the private equity firms The Vistria Group and Nautic Partners began acquiring home health and hospice agencies throughout the South and Southeast. Optum closed its $5.4

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Hospice News

JUNE 5, 2023

Securities and Exchange Commission (SEC) that Optum has proposed an all-cash transaction at $100 per share and that this could represent a “superior proposal” compared to the company’s pending $3.6 This marks Optum’s second attempt to purchase a massive home health and hospice company.

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Hospice News

OCTOBER 7, 2024

In Fiscal Year 2023, for example, these cases recovered $2.3 The hospice company Gentiva this year also agreed to pay $19.4 million to resolve False Claims Act complaints that predate the company’s acquisition of Kindred at Home. The overwhelming majority of False Claims Act cases involve qui tam whistleblowers.

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Hospice News

JUNE 29, 2023

This year, the company has been weighting its deal pipeline more towards home health and personal care with less of a focus on standalone hospice companies, due to high valuations in the space. “In

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Hospice News

JULY 21, 2023

“The decline certainly is not due to buyer interest, which remains incredibly strong, but rather a limited number of actionable targets of scale,” Palamara told Hospice News. Transaction activity is slightly behind where we thought it would be for 2023, particularly the pace of lower middle market add-on activity.”

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Hospice News

JANUARY 26, 2024

Rebranding a hospice company following a merger or acquisition is a more complex process than it may seem at first blush. While consolidation slowed in 2023, many industry observers expect a rebound in 2024, though perhaps not to the record-breaking levels seen in 2021.

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Hospice News

SEPTEMBER 7, 2022

Some hospice company leaders have signaled the labor market may be showing signs of stabilization. The note showed that the high rate of inflation is driving higher than average payment rate increases with insurance plans in their 2023 contracts.

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Hospice News

FEBRUARY 20, 2024

Having a window into priorities such as career development and work-life balance is a significant retention factor for the Dallas-based home health and hospice company, Marion indicated. This is down from 54% of respondents in 2023’s survey and 68% of 2022 respondents. NYSE: EHAB).

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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. billion. “Our

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Hospice News

DECEMBER 19, 2022

In 2022, the hospice community laid the groundwork for a transformational 2023. Centers for Medicare & Medicaid Services (CMS) developed new approaches for enforcing hospice regulations that will become effective on Jan. The insurance company will integrate LHC Group with its existing home health asset, Optum Health.

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Hospice News

JANUARY 31, 2024

The Texas-based home health and hospice company VitalCaring Group was built largely through acquisitions, and the company expects to step up that strategy in 2024 with an emphasis on hospice. What are some of your priorities for your hospice business in particular when it comes to growth during 2024?

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Hospice News

NOVEMBER 17, 2022

Rising interest rates and unlikely to deter investors or strategic buyers from acquiring hospice companies. Higher interest rates will push up borrowing costs, making hospices more expensive to purchase in the long-run. The Federal Reserve raised interest rates by 0.75% earlier this month. The rates now range from 3.75% to 4%.

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Hospice News

OCTOBER 12, 2022

Hospices and Accountable Care Organizations have the ability to customize payment contracts within the Realizing Equity, Access and Community Health (ACO REACH) program. 1, 2023, the U.S. Effective Jan. ACOs in the REACH program will have access to three years worth of claims data to help guide those decisions.

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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. NYSE: CHEM), and the nation’s largest hospice company by market share, according to LexisNexis.

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Hospice News

DECEMBER 21, 2022

Hospices simply did not have enough staff to meet demand, which drove some of them out of business. Executives from almost every publicly traded hospice company raised this issue in earnings calls and presentations throughout the year. Others included Amedisys and Chemed Corp. NYSE: CHEM) VITAS Healthcare. “So

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Hospice News

JANUARY 19, 2023

The thing to watch for particularly in the hospice realm is oversight on claims, quality and performance — even to the point of dealing with fraud and abuse in the hospice benefit,” said NAHC President Bill Dombi during its recent 2023 Industry Outlook webinar. “We

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Hospice News

OCTOBER 10, 2023

The program is designed to recognize up-and-coming industry members who are shaping the next decade of home health, hospice care, senior housing, skilled nursing, and behavioral health. Melissa Heiss, vice president of hospice, Jet Health, has been named a 2023 Future Leader by Hospice News.

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Hospice News

AUGUST 15, 2022

I want to say back when we acquired the home health and hospice company, I think there were only about 20 locations, and we now have 100 locations. We have been growing the hospice service line. So between acquisitions and de novos, we see ourselves continuing to grow Enhabit’s hospice service line.

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NHPCO

JANUARY 19, 2023

For Immediate Release January 19, 2023 Concerned by Growth of Unscrupulous Operators, Organizations Outline Areas of Focus, Key Steps (Alexandria, VA and Washington, D.C.) – The four national hospice provider organizations: LeadingAge , the National Association for Home Care & Hospice (NAHC) , the National Hospice and Palliative Care Organization (..)

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Hospice News

OCTOBER 19, 2022

There are a lot of home health and hospice companies where the idea is just to get bigger and put more dots on the map. I think many providers were disappointed by the 2023 reimbursement rates with cuts to home health and a hospice increase that many said were insufficient in today’s environment.

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Hospice News

SEPTEMBER 16, 2022

With everything that’s changing in the industry right now, I’m more heavily involved in the decision-making with our hospices and how their care plans handle specific situations as they arise each and every day. What has changed the most since you came into the hospice industry?

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Hospice News

MARCH 20, 2023

Hospices are blazing trails toward growth, each provider with its own range of strategies. In 2023, the focus for many is to not only expand their core business but to spread further into the care continuum. In this story, Hospice News highlights the growth strategies of several providers.

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Hospice News

JUNE 22, 2023

The company operates 180 hospitals and roughly 2,300 sites of care and earned close to $16 billion in the first quarter of 2023. It’s propaganda filled with misleading and absurd accusations that are not supported by facts,” an HCA spokesperson told Hospice News in an email. This is not a serious report. s (NYSE: HUM) $5.7

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Hospice News

FEBRUARY 27, 2024

This reflects patient census growth of about 900,000 people during 2023. The company in Q4 of last year saw a 33.9% Among the company’s many large investments are acquisitions of large home health and hospice companies. increase in revenue year-over-year, reaching in excess of $24.5 billion.

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