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. We’re very well-poised going into 2024 to start executing on our growth strategy. How have things been progressing since then?

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Hospice News

JANUARY 19, 2024

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.

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Hospice News

SEPTEMBER 27, 2023

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.

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Hospice News

DECEMBER 4, 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.

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Hospice News

MAY 30, 2024

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.

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Hospice News

JANUARY 24, 2025

The companys average daily hospice census in Q3 2024 rose 6.9% Enhabit expects patient census growth across both its home health and hospice service lines in 2025 and anticipates exceeding 2024 results, Jacobsmeyer said in a recent earnings call. Enhabit operates 225 home health locations and 110 hospice locations across 34 states.

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Hospice News

FEBRUARY 26, 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.

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Hospice News

DECEMBER 22, 2023

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.

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Hospice News

FEBRUARY 28, 2025

The Pennant Group (Nasdaq: PNTG) plans to ramp up acquisitions later this year as it works to integrate assets purchased in late 2024. During 2024, Pennant added 66 local agency leaders to its CEO training program and launched a clinical leadership training initiative with 40 participants, according to Guerisoli. million or 31.7%

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Hospice News

DECEMBER 8, 2023

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.

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Hospice News

JANUARY 10, 2024

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.

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Hospice News

DECEMBER 21, 2023

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.

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Hospice News

OCTOBER 3, 2023

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.

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Hospice News

DECEMBER 15, 2023

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.”

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Hospice News

FEBRUARY 28, 2025

In a March 2024 hearing before the U.S. Since then, expiration dates for that flexibility have been extended several times. Most recently, Congress moved the end date to March 31. It was previously set to terminate on Dec. The current bill would extend the flexibility through Dec. House Ways and Means Committee, then U.S.

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Hospice News

NOVEMBER 2, 2023

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.

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Hospice News

NOVEMBER 13, 2024

Though hospice deal volume has grown quarter-by-quarter in 2024, the market has largely slumped due to various factors, some still rooted in the COVID-19 outbreak, according to Lillis. There was a brief moment where people were trying to capture anything that moved in the market, but in 2024 things have settled back down and stabilized.

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Hospice News

DECEMBER 4, 2024

These waivers were initially set to expire on the same date in 2024/this year. With the end of 2024 quickly approaching, DEA, jointly with HHS, has extended current telemedicine flexibilities through December 31, 2025.” 1, 2025.

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Hospice News

JANUARY 3, 2025

The company previously completed the purchase of Signatures Idaho and Washington assets on August 1, 2024. Following a record-breaking year in 2024, we are excited to continue the growth of our home health and hospice business in 2025. Pennant closed the deal on seven of Signatures Oregon locations on Jan.

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Hospice News

FEBRUARY 23, 2024

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.

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Hospice News

JANUARY 29, 2024

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.

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Hospice News

DECEMBER 6, 2023

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.

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GeriPal

MARCH 4, 2024

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.

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Hospice News

JANUARY 10, 2025

Cheryl Hamilton Fried, CEO, Kirva Hospice Demand grows despite blustery staffing headwinds We will begin to see a more significant increase in utilization in 2025 (vs 2024) as education regarding the benefit, increased [long term care] occupancy versus the pandemic era, and a growing senior demographic all converge on the sector.

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Hospice News

DECEMBER 13, 2024

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.

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Hospice News

OCTOBER 19, 2023

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.”

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Hospice News

NOVEMBER 17, 2023

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.

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Hospice News

MARCH 6, 2025

Enhabit opened five new hospice operations during 2024, building on seven that were established during 2022 and 2023. We have 14 de novo projects in process, including the four continuing projects from 2024, Jacobsmeyer said during an earnings call. million in net service revenue during the fourth quarter of 2024.

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Hospice News

OCTOBER 18, 2023

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.

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Hospice News

FEBRUARY 20, 2024

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.

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Hospice News

JANUARY 2, 2024

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.

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Hospice News

APRIL 28, 2025

Vitas Healthcares 2024 purchase of Covenant Health and Community Services is helping to drive the companys growth. VITAS acquired Covenant last year for $85 million. The Covenant deal has yielded growth in revenue, average daily census and admissions.

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Hospice News

NOVEMBER 27, 2023

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.

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Hospice News

JANUARY 14, 2025

million third quarter 2024 revenue, which was up 17.3% Covenant provided hospice across six cities in the panhandle and northwest region of Florida and in three markets across southeast Alabama. The former nonprofit also operates a 32-bed assisted living facility in Pensacola, Florida. Covenant contributed close to $11 million to VITAS $391.4

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Hospice News

OCTOBER 11, 2023

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.

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Hospice News

JANUARY 31, 2025

Among 112 hospice professionals who responded to the 2024 Outlook Survey by Hospice News and Homecare Homebase, 60% said that expanding current locations would be the growth tactic they plan to use the most during 2025. Hospices in 2025 are laser-focused on organic growth rather than other tactics like acquisitions.

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Hospice News

NOVEMBER 7, 2024

Aveanna last year unveiled a four-pillar strategy, which continued into 2024. All told, the company projected its annual revenue to reach roughly $2 billion in 2024, according to a Stephens report. Aveanna’s adjusted EBITDA reached $47.8 million in Q3, a 32.2% increment from the previous year.

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