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. As legislative efforts develop, hospices may want to focus their attention on a few key legislators.

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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

NOVEMBER 2, 2023

Greater transparency in staff evaluation processes and increased education will be keys to navigating a range of hospice compliance challenges in a post-pandemic landscape. Transparency around hospice staffing and ownership is a large focus of program integrity efforts among regulators, Piland stated. On Wednesday, the U.S.

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Hospice News

JANUARY 11, 2024

Finding the right balance of support and career development for bereavement care professionals is key to recruitment and retention as hospices combat labor strains. The weight of providing bereavement care can take a heavy toll on staff and impact turnover rates, according to Jennifer Kincaid, chief people officer at Hospice of the Piedmont.

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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

FEBRUARY 20, 2024

As hospices zero in on their investments in staff engagement and operational efficiencies, organizational culture is becoming a higher priority. Hospices nationwide are taking varied approaches around how they fuel staffing investments with sustainable growth in mind. 2024 Hospice News Outlook Survey and Report.

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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. While the majority of the hospice industry is not publicly traded, the actions of those large companies can have an impact on smaller organizations that are on the hunt for deals. Its hospice segment earned $53.1

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Hospice News

OCTOBER 19, 2023

The hospice merger and acquisition (M&A) space has seen an increasingly diverse and growing mix of investors during the last five years. Demographic tailwinds are pushing a wider range of stakeholders into the hospice and palliative care realms.

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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. In it, CMS proposed to update hospice payments by 2.8%, which includes a market-basket percentage increase of 3% and a 0.2 percentage point productivity adjustment. set for 2023.

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Hospice News

JANUARY 31, 2024

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. There’s going to be so much change around value-based care coming in some way, shape or form for hospices,” Kudner told Hospice News. But it goes both ways.

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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. Hospice News spoke with a group of industry leaders about the most impactful forces that will shape the space in the coming year. Hospice care reduces Medicare expenditures by about $3.5

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Hospice News

NOVEMBER 27, 2023

Preparing to work within a value-based payment environment is top of mind for hospice leaders as they look ahead to 2023, Pete Brunnick, CEO of VIA Health Partners, told Hospice News. Formerly Hospice & Palliative Care Charlotte Region, VIA Health Partners currently serves 32 counties in North and South Carolina.

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Hospice News

MAY 31, 2023

Citing inflation and other headwinds, hospice providers and industry organizations are urging the U.S. base rate increase for 2024. This is the first of a series of Hospice News articles that will cover the industry’s response to the proposed rule. Centers for Medicare & Medicaid Services (CMS) to reconsider the proposed 2.8%

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Hospice News

DECEMBER 21, 2023

Two of the nation’s largest hospice and home-based care industry organizations are merging and have announced a combined board that will guide the transition. Recently, many of those efforts have included advocacy around program integrity within the Medicare Hospice Benefit. Lloyd, president and CEO, Delaware Hospice, Inc.

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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

JULY 28, 2023

Centers for Medicare & Medicaid Services (CMS) is giving hospices a 3.1% increase to their per diem payments for 2024, according to a final rule published Friday. That will translate to a $780 million bump to hospice payments next year compared to Fiscal Year 2023, according to CMS. for next year, up from $32,486.92

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Hospice News

NOVEMBER 14, 2023

Investment trends in the hospice industry have meandered in recent years, impacting providers’ approaches to growth in 2024. The mix of hospice buyers has become more diverse during the past five years to include more private equity investors, large health and hospital systems and home health companies, along with payers.

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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

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. Burnout has pushed up turnover rates among hospice clinicians for several years running – even before the pandemic. NYSE: CHE). Bureau of Labor Statistics reported.

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Hospice News

FEBRUARY 9, 2024

Amid intensified regulatory scrutiny, staffing headwinds and shifts towards value-based care, hospices need to ensure that they’ve made a strong commitment to quality and to foster a positive workplace culture, according to hospice leaders. You have better care outcomes,” Molosky said during the Hospice News 2024 Outlook Webinar.

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Hospice News

OCTOBER 3, 2023

Hospice will continue to be in a state of flux this year and next, with a heavy focus on regulation and supporting and growing the workforce, according to Ben Marcantonio, COO and interim CEO for the National Hospice and Palliative Care Organization (NHPCO). What else is top of mind for you as you’re looking ahead to 2024?

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Hospice News

OCTOBER 18, 2023

Aetna, a subsidiary of CVS Health (NYSE: CVS), is leveraging a series of new benefits that, coupled with existing palliative care programs and ongoing hospice payment demonstrations, promise to keep patients in their homes and out of facilities. In 2024, we have plans that offer $0 copay for primary care visits and labs.

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Hospice News

DECEMBER 20, 2022

The omnibus spending bill to currently before Congress includes provisions that would extend the waiver for recertification using telehealth through the end of 2024, among other items pertaining to hospice. For many hospices, what began as a temporary measure has evolved as an integral part of clinical operations.

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Hospice News

APRIL 3, 2023

The 2024 proposed hospice rule from the U.S. We should anticipate increased emphasis on program integrity in the hospice program.” We should anticipate increased emphasis on program integrity in the hospice program.” Other provisions are designed to promote greater transparency around hospice ownership.

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Hospice News

MAY 7, 2024

NASDAQ: ADUS) is poised for further acquisitions, potentially including some hospice deals. Addus’ roughly 33,000 employees provide hospice, home health and private duty nursing services across more than 200 locations in 22 states. Hospice revenue per day was up 3.7% Hospice revenue per day was up 3.7% The company saw 11.6%

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Hospice News

JANUARY 29, 2024

Rising demand In 2024, demand will continue to rise, driven by a number of factors. Countering this however, is the need for greater education for all stakeholders on the nature of these services and how they are distinct from hospice. But whatever the future holds, such a benefit is unlikely to come to fruition during 2024.

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Hospice News

MAY 2, 2024

The company’s health care provider services segment, which includes its hospice business, as well as home health and other services, accounted for $600 million in Q1 revenue, up 7% from $561 million year-over-year. The post BrightSpring Expects 2024 Expansion, Acquisitions appeared first on Hospice News.

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Hospice News

AUGUST 15, 2023

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.

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Hospice News

AUGUST 2, 2023

Centers for Medicare & Medicaid Services’ (CMS) recently finalized hospice payment rule. The concern, however, is that hospices lack the financial support and incentives needed to bridge barriers, with reimbursement a main point of contention, he said.

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Hospice News

MARCH 6, 2024

Staffing, public awareness and value-based payment represent the greatest disruptive forces shaping palliative care delivery in 2024 and beyond. Carelon Health serves an average of 15,000 to 20,000 patients across 40 states through its palliative care program, Campbell said at the Hospice News Palliative Care Conference in Tampa, Florida.

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Life & Death Matters

OCTOBER 25, 2024

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.

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Hospice News

NOVEMBER 7, 2024

s (NYSE: EHAB) hospice segment buoyed the company’s Q3 financial results amid losses in its home health business. Consistent sequential gains in Enhabit’s hospice average daily census ADC, coupled with the Fiscal Year 2025 payment increase of 2.9% Hospice ADC rose 6.9% Q3 net service revenue for the hospice segment reached $52.6

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Hospice News

NOVEMBER 7, 2024

Aveanna Healthcare Holdings (Nasdaq: AVAH) is ramping up its merger and acquisition activity in the home health and hospice space heading into next year. The Atlanta-headquartered company has set its strategic sights on both private duty nursing and hospice and home health, according to Aveanna CEO Jeff Shaner. The company saw a 6.5%

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Hospice News

NOVEMBER 13, 2024

Quality, compliance and financial stability are top of mind in hospice merger and acquisitions (M&A) as this year comes to an end. Growing demand is among the constants driving investor interest in the hospice space, according to Tom Lillis, partner at the Kentucky-based firm Stoneridge Partners Strategic Consulting.

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Hospice News

AUGUST 25, 2023

Centers for Medicare & Medicaid Services’ (CMS) 2024 updates to the Accountable Care Organization Realizing Equity, Access and Community Health (ACO REACH) model: care coordination, managing health equity-related risks and social determinants of health. Hospices that have joined ACOs are able to participate in ACO REACH directly.

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Hospice News

OCTOBER 18, 2024

The Indiana Association for Home & Hospice Care (IAHHC) has unveiled a new employee support program designed to help with retention of much needed workforce resources in end-of-life care. Connect program was in part driven by increasing recognition of the perils of staff burnout and turnover in home health and hospice. The C.A.R.E.

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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. CDR later rebranded Kindred’s former hospice segment as Gentiva. Humana Inc. billion deal. Humana retained the remaining 40%.

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