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The past year has seen a slew of regulatory developments aimed at improving quality and combatting fraud in the hospice industry. The first was two July 2019 reports on hospice quality from the Office of the Inspector General (OIG) in the U.S. Some individuals also hold management positions at several of these hospices simultaneously.
Access was the watchword in the palliative care community during 2024, as providers sought more ways to reach the right patients at the right time. The following are the most-read Palliative Care News articles of 2024. Operators in the space anticipated diverse challenges heading into 2024.
Hospices coast-to-coast have undergone leadership transitions, including changes in legal executives and a slew of newly appointed CEOs, among other roles in the industry. Texas-based New Day provides home health, hospice, palliative and personal care services across 31 locations in Illinois, Kansas, Missouri and in its home state.
A 2024 study published in the Journal of Pain and Symptom Management found that palliative care is associated with improved patient outcomes from palliative care enrollment until death, including fewer hospitalizations, 5.4 However, Schramm said that few freestanding hospices or palliative providers have succeeded in becoming members of ACOs.
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.” Fratkin is also a palliative care specialist at Humboldt Center for New Growth.
Though home-based care M&A showed signs of life in Q3 2024 in what has otherwise been a relatively quiet year thus far, transaction volume was still down last year, according to a report from M&A advisory firm Mertz Taggart. Private equity transactions represented half of these deals.
Hospice leaders have lost sleep over workforce pressures plaguing the industry for several years running, a trend that is not anticipated to abate anytime soon. Staffing challenges were cited as the leading concern among 35% of 112 hospice professionals who participated in this years Outlook Survey by Hospice News and Homecare Homebase.
As of January 2024, roughly 480 ACOs are participating in MSSP, which include more than 608,000 clinicians who provide care to nearly 11 million Medicare beneficiaries. Centers for Medicare & Medicaid Services (CMS) recently announced that its Medicare Shared Savings Program (MSSP) yielded more than $2.1 million patients annually.
Hospices nationwide have been diversifying their services to include palliative care, PACE, home-based primary care and a host of other business lines. However, some organizations have found success with disease-specific programs reimbursed through the Medicare Hospice Benefit. Also in 2024, The Connecticut Hospice Inc.
Palliative care providers are taking varied routes to address the most disruptive forces they are encountering this year, rising to challenges that have been persistent across the sector. Martha Twaddle, The Waud Family Medical Directorships palliative medicine and supportive care clinical professor of medicine at Northwestern Medicine.
These evolving regulations have hospices concerned that a lack of virtual access to their services could have significant impacts on quality and health disparities. Weve inherited a kind of accelerated movement toward a new normal during the pandemic, Fratkin told Hospice News.
Hospices in 2025 are laser-focused on organic growth rather than other tactics like acquisitions. 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.
WTWH Healthcare, a WTWH Media company, is proud to announce the Frontline Honors Class of 2024. The post WTWH Healthcare, a WTWH Media Company, Announces the Frontline Honors Class of 2024 appeared first on Hospice News.
The Foundation of Community Hospice & Palliative Care is fueling the launch of a new pediatric center in northern Florida that will support serious and terminally ill youths and their families. The building is going to offer a sense of community for our kids care families, Tuttle told 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.
During phase 1 of the process in 2024, Stratis and MCRH conducted a statewide assessment and gleaned insights from a diverse advisory council. The post Michigan Center for Rural Health Working to Expand Rural Palliative Care appeared first on Hospice News. MCRH launched phase 2 on Jan.
Net loss was $118 million in the third quarter of 2024 compared to a net loss of $31 million in the third quarter 2023. 30, 2024, comprising 525,000 Medicare Advantage members and 132,000 ACO model beneficiaries. Earlier this year, the company voiced plans to double the size of its palliative care program.
Illinois-based Oasis Hospice & Palliative Care Inc.s journey to open a new inpatient facility came with obstacles, but that has not slowed the hospices growth trajectory, according to CEO Hakeem Bello. The faith-based organization provides hospice, palliative care and bereavement services across three counties in Illinois.
(NASDAQ: PNTG) completed its $80 million acquisition of Signature Healthcare at Homes hospice and home health assets. The company previously completed the purchase of Signatures Idaho and Washington assets on August 1, 2024. The hospice and home health providers annual revenue hovered around $78 million.
New executives have stepped into c-suite and other roles at some of the nations largest hospice organizations as 2025 kicks off. Johnson will oversee the work of Empaths several foundations Suncoast Hospice Foundation, Tidewell Foundation, Hospice of Marion County Foundation and Trustbridge Hospice Foundation.
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.
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. “Our million beneficiaries.
In April, VITAS acquired Covenant Health and Community Services hospice operations as well as one assisted living facility in an $85 million deal. Covenant provided hospice across six cities in the panhandle and northwest region of Florida and in three markets across southeast Alabama. VITAS is a subsidiary of Chemed Corp. NYSE: CHE).
The Florida-based nonprofit hospice and senior care provider Empath Health has been steadily expanding its footprint as well as its service lines. Empath Health has grown into one of the largest hospice providers in the nation. The post How Empath Health Achieves Growth by Taking on Risk appeared first on 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. In addition to the expansion of existing programs, more are cropping up.
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. Palliative care is an evolving field.
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.
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. This followed its $5.4 NYSE: HUM) for $2.8
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.
Without family caregivers, many patients would not be able to receive hospice, palliative or other forms of home-based care. For this reason, the National Partnership for Healthcare and Hospice Innovation (NPHI) has developed a guide for those patients and families, in partnership with the American Cancer Society.
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.
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.
Hospice operators in 2024 are navigating a rapidly transforming environment. The prior three years have laid the groundwork for change, particularly in the regulatory space as well as gradual migration towards value-based reimbursement and in tandem, the proliferation of business lines beyond hospice.
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.
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.
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.
Calvary Hospitals newly appointed president Michael Fosina is embarking on a deeper journey to improve quality and access to hospice care amid rising demand. New York City-based Calvary is the only hospital in the United States thats specifically dedicated to providing hospice and palliative care.
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.
Several hospice and health care organizations have appointed new leaders to take the helm during a time of growing demand nationwide. Fosina was previously the hospitals COO, serving in the role since March 2024. Fosina was previously the hospitals COO, serving in the role since March 2024.
Congress recently passed the 2024 Labor Labor, Health and Human Services, and Education, and Related Agencies Appropriation Bill. The appropriations included in Fiscal Year 2024 are expected to cover two years of palliative care training and career development initiatives. Introduced in July 2023 , the appropriation included $12.5
A range of new hospice executives have been recently tapped to lead organizations nationwide. AAHPM Announces New President-Elect Dr. Arif Kamal recently became the new president-elect of the American Academy of Hospice and Palliative Medicine (AAHPM). The hospice provider has inpatient care centers at Holy Cross Hospital, St.
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
The impending demise of the hospice component of U.S. This included the addition of the hospice component in 2021, which was designed to test coverage of those services through Medicare Advantage. CMMI extended the program through 2030, but recently announced that the hospice portion will end on December 31, 2024.
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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