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CMS to Sunset Hospice VBID in 2024

Hospice News

Centers for Medicare & Medicaid Services will end the hospice component of the value-based insurance design model (VBID) as of Dec. Often called the “hospice carve-in,” the program was designed to test coverage of hospice care through Medicare Advantage, in addition to some coverage of palliative care and transitional care.

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Hospices’ 2024 Public Policy Priorities 

Hospice News

Earl Blumenaur (D-Oregon) is in the process of drafting legislation designed to tackle the fraud issue as well as improve the quality of hospice care. Blumenauer announced the bill, the Hospice Care Accountability, Reform, and Enforcement (Hospice CARE) Act, at the Hospice News Elevate conference in Washington D.C.

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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. Transaction volume declined in the hospice and home-based care space in 2023, following the two record-breaking prior years. and JPMorgan Chase also own a stake.

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VITAS Expects a Steady 2024 for Revenue, Growth

Hospice News

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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The Hospice CARE Act‘s Potential Unintended Consequences

Hospice News

The most recent iteration of Hospice Care Accountability, Reform and Enforcement (Hospice CARE) Act, currently in a discussion draft phase, could have some unintended consequences in the future of end-of-life care delivery. What are some of the effects on the business models in terms of profit over patient care?

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Health Plan Participation in Hospice VBID to Shrink in 2024

Hospice News

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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Transparency Essential to Hospice Compliance in 2024

Hospice News

This evolving mix of hospice regulation has placed staff oversight at the forefront of ensuring compliance, according to Christie Piland, director of education at Caris Healthcare. Additional services include palliative care, a veterans program and care coordination. On Wednesday, the U.S. It’s about your internal standards.”

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