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Palliative Care Leaders Expect Continued Growth, Labor and Reimbursement Headwinds in 2024

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. This marks a climb from 52% last year.

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Hospice Investors to Watch in 2024

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.

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NAHC, NHPCO Name Transition Board to Guide 2024 Merger

Hospice News

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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JVs a Major Growth Engine for Hospices in 2024

Hospice News

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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Where Hospices Are Investing Their 2024 Recruitment, Retention Dollars

Hospice News

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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How Hospices Are Diversifying Their Services in 2024

Hospice News

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.

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The Question of Palliative Care Sustainability

Hospice News

Roughly 16% of 143 provider respondents signaled their intention to start palliative care programs this year in the Hospice News’ 2024 Outlook Survey , conducted with Homecare Homebase. A wide variety of palliative care services have cropped up nationwide in recent years, but not all have remained viable. It’s really the funding.