Hospice News

DECEMBER 9, 2024

Hospice News explores the issues garnering growing attention in end-of-life care delivery in seven of this years hidden gem stories. Topics span trends related to program integrity, workforce development, health equity, service diversification and the keys to hospices growth strategies. Optum completed its $5.4

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

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Hospice News

MAY 30, 2024

When it comes to hospice acquisitions, buyers and sellers expectations on price tags are becoming more aligned. But deal volume has largely declined in late 2023 and early 2024, and valuations are starting to come down. However, this doesn’t mean that buying a hospice is a bargain-basement transaction.

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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 22, 2023

After a 2023 slump, health care dealmakers are voicing optimism for a 2024 rebound. Transaction volume declined in the hospice and home-based care space in 2023, following the two record-breaking prior years. Our outlook for 2024 health services deals is cautiously optimistic.

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Hospice News

JUNE 27, 2024

Hospices have been advocating for lawmakers and regulators to take action on curbing fraud, supporting veterans and bolstering the health care workforce. Battling fraud Reports of unethical or illegal practices have surged, particularly among hundreds of newly certified hospices in California, Texas, Nevada and Arizona. Recently Rep.

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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

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

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

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

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

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 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 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

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 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

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

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

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

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.” But it’s more likely at this point that this will continue to get kicked down the road again at the end of 2025.

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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

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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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

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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Hospice News

DECEMBER 12, 2023

Program integrity issues that have heated up in the hospice space during the past five years reached a boiling point in 2023. Hospice providers have seen an array of increased regulatory oversight in 2023. There is scrutiny on hospice care [that’s] setting the stage for the next phase of what hospice oversight looks like.

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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

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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Hospice News

JULY 30, 2024

Centers for Medicare & Medicaid Services (CMS) has unveiled its final 2025 hospice rule, which includes a 2.9% The increase represents an estimated $790 million rise in total hospice payments compared to Fiscal Year (FY) 2024. The finalized hospice cap amount for FY 2025 is $34,465.34, up from $33,494.01 this year.

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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

MARCH 8, 2024

Tightened regulation in the hospice space has led to longer, more stringent diligence processes when it comes to buying and selling provider companies. Centers for Medicare & Medicaid Services (CMS) has honed in on hospice program integrity through a number of new regulations, including some in the agency’s 2024 hospice final rule.

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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

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

MARCH 26, 2024

Though many expect a hospice M&A rebound in 2024, the scales are tipping in favor of home health companies among buyers. After 2023’s slump, PE firms have been sitting on more than $800 million in dry powder, according to data shared with Hospice News by The Braff Group. But additional data point to a resurgence.

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