This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
After carefully considering recent feedback about the increasing operational challenges of the Hospice Benefit Component and limited and decreasing participation among MAOs that may impact a thorough evaluation, CMS has decided to conclude the Hospice Benefit Component as of December 31, 2024, 11:59 PM,” the agency indicated in a statement.
About 6% of hospice providers indicated plans to diversify their services to include end-of-life doulas in the Hospice News 2024 Outlook Survey. The post 7 Hidden Gem Hospice News Stories in 2024 appeared first on Hospice News.
Though the number of hospice M&A deals plummeted in 2023 compared to prior years, deals are still being made, and the industry may see a rebound in 2024. The following are some potential buyers to watch in 2024. But the company is almost certainly not done in the acquisition game, and further activity is likely in 2024.
Hospice operators in 2024 are navigating a rapidly transforming environment. A potential M&A rebound After a 2023 slump, the hospice space may be ripe for a 2024 rebound. Our outlook for 2024 health services deals is cautiously optimistic. There are lots of reasons to be optimistic about 2024.
Centers for Medicare & Medicaid Services’ (CMS) 2024 home health rule, the SFP is set for 2025 implementation. CMS starting in 2024 forbids any change in majority ownership during the 36 months after initial Medicare certification, including acquisitions, stock transactions or mergers.
Moving into 2024, more hospices see joint ventures or similar partnerships to be a major growth engine. Nearly half of 143 respondents to Hospice News’ 2024 Outlook Survey , conducted with Homecare Homebase, said that joint ventures and partnerships were the growth tactics they planned to pursue the most this year.
Access was the watchword in the palliative care community during 2024, as providers sought more ways to reach the right patients at the right time. The following are the most-read Palliative Care News articles of 2024. Operators in the space anticipated diverse challenges heading into 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. We’re very well-poised going into 2024 to start executing on our growth strategy. How have things been progressing since then?
The worst of the staffing challenges is far from over for embattled hospice providers seeking fruitful recruitment and retention strategies in 2024. The overall staffing headwind the industry continues to face hasn’t changed for 2024,” Westfall told Hospice News. We need to be creative about the opportunities out there.”
Health plan participation in the hospice component of the value-based insurance design model (VBID) will fall in 2024. For calendar year 2024, 13 Medicare Advantage Organizations (MAOs) will participate in the program’s hospice component, providing coverage through 78 health plans in 19 states. million in 2023.
After the tumultuous years of the pandemic, VITAS Healthcare expects a stable growth trajectory heading into 2024. Though the company has not yet released financial guidance for 2024, VITAS anticipates a “predictable” 2024 in terms of earnings and growth, executives said at Monday’s Bank of America Healthcare Conference.
But deal volume has largely declined in late 2023 and early 2024, and valuations are starting to come down. The post How Hospice Valuations Are Shaping Up in 2024 appeared first on Hospice News. A surge of deals in 2021 and 2022 led to record-high valuations in the space with multiples reaching in excess of 30x in some instances.
Amedisys (NASDAQ: AMED) is pushing forward on palliative care growth in 2024 through its innovation arm, Contessa. Expanding palliative care relationships and joint venture partnerships is a priority for 2024, the Louisiana-based home health and hospice provider indicated in a filing with the U.S.
Centers for Medicare & Medicaid Services (CMS) is making significant changes in 2024 to the Accountable Care Organization Realizing Equity, Access and Community Health (ACO REACH) payment model. In 2024, participants that achieve certain benchmarks will receive bonuses on a graduated scale based on their performance.
The #HPMParty is returning to Phoenix during the 2024 AAHPM/HPNA meeting. The post #HPMParty is returning to Phoenix during the 2024 AAHPM/HPNA meeting appeared first on A Geriatrics and Palliative Care Podcast for Every Healthcare Professional. We’ll start our annual tour of local establishments at Luckys Indoor/Outdoor (817 N.
The post Grief Care’s 2024 Outlook in Hospice appeared first on Hospice News. It’s giving them opportunities to have a say in program development, community involvement and making sure they feel like a contributing member of the hospice team, not something separate.”
Hospice providers will be looking to Congress in 2024 to address issues related to program integrity, quality improvement and industry-wide workforce pressures. This includes the revamping of the hospice survey process and the establishment of a Special Focus Program slated to begin in 2024, to name a few.
Revising the Special Focus Program CMS introduced the hospice Special Focus Program (SFP) in its 2024 home health payment rule , which contained several hospice provisions. The post Hospices’ 2024 Public Policy Priorities appeared first on Hospice News. “Even bipartisan things are hard, so there are headwinds going into this fall.”
Hospice News sat down with Marcantonio at NHPCO’s Annual Leadership Conference in Little Rock, Arkansas, to discuss the hospice industry’s priorities for the remainder of 2023 and into 2024. What else is top of mind for you as you’re looking ahead to 2024? But of course other priorities exist.
Today, they proposed a transitional board who will consider ratifying the organizations’ combination plan in early 2024. The board and officers will be ratified when the definitive agreements are signed in early 2024, the organizations’ indicated. With extraordinary opportunity comes the challenge of significant obligation.
Rising demand In 2024, demand will continue to rise, driven by a number of factors. But whatever the future holds, such a benefit is unlikely to come to fruition during 2024. The post Key Palliative Care Trends to Watch in 2024 appeared first on Hospice News.
Palliative care’s continued expansion Palliative care leaders expect continued growth in 2024, driven by the proliferation of value-based payment models, greater recognition of these services’ quality improvement and cost savings potential. In addition to the expansion of existing programs, more are cropping up.
Palliative care, pediatric end-of-life care and end-of-life doula (EOLD) services are top of mind for hospices that are diversifying their services in 2024. About 3% of respondents indicated plans to start offering PACE programs, while 1% are stepping into home-based pediatric hospice services in 2024.
After a 2023 slump, health care dealmakers are voicing optimism for a 2024 rebound. Our outlook for 2024 health services deals is cautiously optimistic. There are lots of reasons to be optimistic about 2024. Our estimates for 2024 see that recovery continuing, which could herald more dealmaking.
Terri Swanson, president of Medicare for Aetna The Aetna Medicare Extra Benefits Card will be available on all D-SNPs and most of the company’s Value Plus plans in 2024. Many plans offer enhanced allowances in 2024 and more ways to help members with expenses, according to Swanson.
The post BrightSpring Expects 2024 Expansion, Acquisitions appeared first on Hospice News. “We do this through the expansion of current operations, de novo projects, and acquisitions … We will look to acquire operations in the right geographies where we see increased value under the BrightSpring platform.”
The ability to monitor and educate staff on their roles and responsibilities in compliance will be a key for hospice sustainability and quality heading into 2024, Piland said at the National Hospice and Palliative Care Organization’s (NHPCO) Annual Leadership Conference in Little Rock, Arkansas. On Wednesday, the U.S.
This year has brought both tumultuous challenges and evolving opportunities for hospices that will steer hospice leadership during 2024. Lynne Sexten, CEO, Agrace Hospice & Supportive Care [Three words to sum up 2024 would be]: Protect the benefit. That’s helping hospice gain esteem as we come into an election year in 2024.
Staffing, public awareness and value-based payment represent the greatest disruptive forces shaping palliative care delivery in 2024 and beyond. The post The Most Disruptive Forces Shaping Palliative Care in 2024 appeared first on Hospice News. Want to read more palliative care-focused content like this?
The post Addus HomeCare Expects 2024 Acquisitions appeared first on Hospice News. Our hospice same-store revenue growth of 5.8% was our third consecutive quarter of sequential increase and the highest percentage increase we have seen prior to the COVID pandemic,” Poff said during the earnings call. “We
Fraud and program integrity concerns dominated the news in 2024, along with large acquisitions, payment rules and regulatory changes. There were just some of the themes percolating among the most-read Hospice News coverage of 2024. The following are the most-read Hospice News articles of 2024. #1: Justice Department.
increase to their per diem payments for 2024, according to a final rule published Friday. payment boost the agency initially proposed for 2024 hospice payments back in March. 31, 2024, meaning a return to in-person recertification visits may be on the table for the following year. “We for next year, up from $32,486.92
The 2024 proposed hospice rule from the U.S. The post Program Integrity Takes Center Stage in CMS’ 2024 Proposed Hospice Rule appeared first on Hospice News. Centers for Medicare & Medicaid Services (CMS) signals the agency’s earliest response to widespread calls to bolster program integrity within the benefit.
The scope of hospice deals in 2024 encompassed joint ventures and collaborative affiliations in addition to acquisitions. Hospice investment trends took myriad routes this year, seeing a few common threads occurring among nonprofit and for-profit entities that hint at where the market may be heading.
base rate increase for 2024. The post Hospice Providers, Industry Groups: CMS Should Increase 2024 Hospice Base Rate by Nearly 4% appeared first on Hospice News. Citing inflation and other headwinds, hospice providers and industry organizations are urging the U.S.
The post Hospice Investment Trends That Could Shape 2024 appeared first on Hospice News. That enhancement of services and focus on the home is a macroeconomic environment that we’re in, regardless of how mixed the base of PE is and where they choose to operate in hospice.”
State of hospice workforce Though hospices are seeing an improved workforce outlook in 2024 compared to previous years, staffing pressures remain a top concern for many organizations. Staffing was identified as a main 2024 pain point by 36% of 143 respondents to the Hospice News’ 2024 Outlook Survey , conducted with Homecare Homebase.
After a rocky year for M&A, two of the publicly traded hospice providers are poised to pursue more deals in 2024. Pennant on the hunt For Pennant, 2024 will likely see a continuation of recent activity. The post The Public Hospice Companies Most Likely to Acquire in 2024 appeared first on Hospice News.
NYSE: HUM) CEO Bruce Broussard will step down in late 2024, with incoming COO and president Jim Rechtin on deck to succeed him. 8, 2024 and will take the helm following Broussard’s departure. The post Humana CEO Broussard to Step Down in 2024, Succeeded by Envision Healthcare Exec Jim Rechtin appeared first on Hospice News.
VIA Health Partners CEO Peter Brunnick What are your priorities as you look ahead to 2024? That’s a big priority for us in 2024. The post VIA Health CEO: Hospices Must Prep for Value-Based Care in 2024 appeared first on Hospice News. What’s top of mind for you? But we think that’s where the market is going.
Palliative cares momentum in Medicaid programs Some states have made changes to their Medicaid programs in 2024 when it comes to palliative care services. We always have a barrier waiting to see whether a patient goes to an MA plan or with a different payer source.
This post was written by: Tiara Sisson CPHR SHRM-CP, ParalegalOctober 25, 2024 As the newest member of the Life and Death Matters (LDM) team, I had the privilege of attending the MIPCC 2024 Conference alongside Kath and Ted.
The increase represents an estimated $790 million rise in total hospice payments compared to Fiscal Year (FY) 2024. Centers for Medicare & Medicaid Services (CMS) has unveiled its final 2025 hospice rule, which includes a 2.9% increase in per diem payments alongside new quality reporting measures. It is also higher than the 2.6%
Congress recently passed the 2024 Labor Labor, Health and Human Services, and Education, and Related Agencies Appropriation Bill. The appropriations included in Fiscal Year 2024 are expected to cover two years of palliative care training and career development initiatives. Introduced in July 2023 , the appropriation included $12.5
We organize all of the trending information in your field so you don't have to. Join 5,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content