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Hospice News spoke with a group of industry leaders about the most pressing market forces and trends that will shape the space during 2025. They also spoke about the need for greater integration of hospice into the larger health care continuum and the benefits of operators broadening their scope of services.
NYSE: EHAB) is projecting strong hospice growth in the next year fueled in part by investments in technology and workforce development. The home health and hospice provider is in part leveraging technology to fuel its plans, Jacobsmeyer said during the Bank of Americas Securities 2024 Home Care Conference. Enhabit Inc.
Quality, compliance and financial stability are top of mind in hospice merger and acquisitions (M&A) as this year comes to an end. Stakeholders are projecting a more frothy market in 2025, though regulatory concerns could sway buying decisions. Hospice is still worth more than it was,” he said.
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.
Palliative Care News spoke with a group of industry leaders about the most pressing market forces and trends that will shape the space during 2025. Jason Parsons, CEO, Blue Ridge Hospice It is encouraging that [Rep. Palliative as part of hospice care is part of modernization of the benefit and will improve access overall.
Among those deals was The Pennant Groups acquisition of Signature Healthcare at Homes hospice and home health assets for a price tag of $80 million which closed in January. Pennant is the holding company for a cluster of independent hospice, home health and senior living providers located across 13 states. million, up 28.9%
Regulators recently extended certain temporary telemedicine waivers granted during the pandemic, with some flexibilities now sunsetting in 2025 rather than the end of this year. With the end of 2024 quickly approaching, DEA, jointly with HHS, has extended current telemedicine flexibilities through December 31, 2025.”
cut for 2025 in physician payment rates used to reimburse palliative care care practitioners, among other professionals. Cut in Physician Payments for 2025, Including for Palliative Care appeared first on Hospice News. . Cut in Physician Payments for 2025, Including for Palliative Care appeared first on Hospice News.
Several executives are stepping into new roles at hospice organizations across the country as the new year draws near. Brand was previously senior vice president of hospice and palliative care at New York-based VNS Health, holding a similar role at CareCentrix prior to that. Nasdaq: PNTG). million in Fiscal Year (FY) 2022.
WTWH Healthcare, a WTWH Media company, is proud to announce the winners of the 2025 Aspect Awards. Participation from national, regional, and local companies, as well as an array of creative agencies, makes the Aspect Awards a powerful benchmark for longevity marketing and creative strategy in 2025.
Enhabit opened five new hospice operations during 2024, building on seven that were established during 2022 and 2023. More de novos are likely on the way, a mix of home health and hospice, according to CEO Barbara Jacobsmeyer. The seven hospice locations launched in 2022 and 2023 generated $6.2 during 2025.
A federal court has ordered a stay on litigation intended to block the hospice Special Focus Program (SFP) after the U.S. Centers for Medicare & Medicaid Services (CMS) pledged that it would not resume implementation during 2025. The crux of a lawsuit filed by hospice organizations against the U.S. They have asked the U.S.
Temporarily expanded telehealth flexibilities set forth during the pandemic are set to expire March 31, 2025. The Washington-based organization provides adult and pediatric hospice, palliative care, grief support and senior living services. Congress extended the expiration date, initially set for Dec.
A Ventura County, California, physician has been sentenced to 24 months in federal prison for Medicare fraud for medically unnecessary hospice services. Dr. Victor Contreras worked for two hospices in Pasadena California Arcadia Hospice Provider Inc., and Saint Mariam Hospice Inc. Justice Department indicated.
Hospice acquisitions saw a gentle rebound in Q1 2025. When I say the activity I’m not just talking about closed deals, Mertz Taggart Managing Partner Cory Mertz told Hospice News. Source: Mertz Taggart Seven hospice transactions occurred in Q1. Choice Health at Home purchased Devotion Hospice in Texas.
The soon-to-be-implemented hospice Special Focus Program (SFP) from the U.S. 1, 2025, could potentially lead patients away from quality providers and into the arms of bad actors in the space, according to Dr. Steven Landers, newly appointed CEO of the National Alliance for Care at Home. The program, set to begin Jan.
Many hospices in 2025 are driving to expand in the senior housing and assisted living space. Many seniors are looking to assisted or senior living facilities as they age, Susan Ponder Stansel, CEO of Florida-based Alivia Care, said at the Hospice News ELEVATE conference in Orlando, Florida.
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.
Improved staffing conditions have turned hospice into a growth engine for Enhabit Inc. Hospice currently represents about 20% of Enhabits patient volume, CEO Barbara Jacobsmeyer said at the HomeCare 100 conference in Florida. Hospice] is an area that continues to have some nice ability to grow. NYSE: EHAB).
The Pennant Group (Nasdaq: PNTG) has a “robust pipeline” of potential acquisitions in the wings for 2025 across its home health and hospice and senior living business segments. Pennant is the holding company for a cluster of independent hospice, home health and senior living providers located across 13 states. million, up 28.9%
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. VITAS Healthcare, a subsidiary of Chemed Corp.
The Medicare Payment Advisory Commission (MedPAC) has recommended to Congress a freeze on hospice payment increases starting in 2026. In its annual report to Congress, MedPAC urged policymakers to eliminate hospice base-rate increases for 2026. The 2021 aggregated Medicare hospice margin was 10.4%, according to MedPAC.
A guilty plea has been filed in a hospice fraud scheme that allegedly bilked Medicare for $17 million in false claims. Fichidzhyan was among the five individuals that the FBI arrested in June 2024 in connection with the hospice fraud and money laundering scheme. Fichidzhyan is scheduled to receive sentencing on April 14, 2025.
Hospice providers, along with the rest of health care, are increasingly relying on technology for clinical and business operations, with artificial intelligence among the most common investments. One of hospices key goals with AI is to increase efficiency. However, careful implementation is necessary to effectively use these systems.
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%
Blue Ridge Hospice is rebranding under the name Blue Ridge Care to signify its expanded mission and scope of services. This includes Blue Ridges hospice and palliative care programs, its Center for Hope & Healing bereavement center and its subsidiary Blue Ridge Independence at Home Program of All-Inclusive Care for the Elderly (PACE).
Texas-based New Day Healthcare LLC has announced its acquisition of Good Samaritan Society’s hospice operations in its home state. The transaction includes Good Samaritans hospice assets in El Paso, Texas, expanding New Days existing presence in that market. Hospice utilization rates hovered at 49.1% Scott Herman.
payment increase for hospices is insufficient in today’s economic climate, the National Hospice and Palliative Care Organization (NHPCO) indicated in comments on the 2025 proposed payment rule. Centers for Medicare & Medicaid Services (CMS) in March issued its 2025 proposed hospice rule, which if finalized would include a 2.6%
Centers for Medicare & Medicaid Services (CMS) has unveiled its final 2025hospice 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
Congress has passed the Full-Year Continuing Appropriations and Extensions Act 2025 (FY2025) , which allowed for continuation of several public health, Medicare and Medicaid authorities and programs. The in-person requirement is burdensome on hospice providers, the organizations stated in the letter.
Aveanna Healthcare Holdings (Nasdaq: AVAH) is putting home health and hospice at the forefront of its growth sights in 2025 through a mix of strategic approaches. Aveanna has seen consecutive periods of growth in its home health and hospice business line. Additionally, the companys home health and hospice revenues reached $54.4
The seed for Texas-based Pallicare was planted at a chance meeting at a 2021 conference between Jonathan Fluhart, a management professional with a background in aerospace, technology, and hospice industries, and nurse practitioner Tiffany Hughes. The future is bright, with expansion into Oklahoma and Colorado coming in 2025.
Hospices see improved quality and operational efficiency as their biggest return on technology investments in three key areas. Keeping pace with the evolving technology landscape can be pivotal for hospices sustainability as rising demand pressurizes workforces, Pathek indicated. Croix Hospice.
The barometer is falling in hospice care delivery. Adaptability is a providers hallmark in todays current hospice landscape, according to Greg Wood, executive director at Hospice of the Ozarks. Hospice of the Ozarks also has a veterans program and offers pet therapy services. DBA Hope HealthCare Services.
The Colorado-based hospice provider collaborative Care Synergy has formed a joint venture with RCC Medical Equipment Co. Care Synergy emerged in 2021 as a regional collaborative of hospice companies. Care Synergy emerged in 2021 as a regional collaborative of hospice companies. This includes patients of Care Synergys affiliates.
Centers for Medicare and Medicaid Services’ (CMS) proposed 2025hospice rule is finalized as written, hospices may encounter some hurdles implementing some of the new requirements. CMS late last month issued its proposed hospice rule for 2025. The proposal called for a 2.6% The proposal called for a 2.6%
Addus HomeCare Corporations (Nasdaq: ADUS) purchase of Gentivas personal care segment is bearing fruit as the company drives forward on its acquisition strategy in 2025. But labor constraints and evolving reimbursement pressures could complicate the growth of its hospice and home-based services. increase from $54.7 increase from $54.7
Hospice transactions are facing a new world of challenges during a time when M&A activity is projected to ramp up after recent lulls. More founders who began their organizations when the Medicare Hospice Benefit was established in the 1980s are reaching retirement. Who’s going to receive the proceeds?
Long-time hospice leader Keith Everett will take the helm as CEO of ProCare Hospice in Nevada as the organizations previous leader, Dr. Clevis Parker, focuses on his role as chief medical officer. When it came to finding a new chief executive, Everett was at the top of his list, Parker told Hospice News. So I am super excited.
Wisconsin-based Agrace Hospice and Supportive Care is implementing a plan to become carbon neutral by 2025. Among the hospice’s key objectives is reducing its greenhouse gas emissions. However, the speed of technology, availability and affordability of these vehicles also will have an influence on cost, she told Hospice News.
Croix Hospice has opened 10 new branches so far during 2025. “National data demonstrates how underutilized hospice benefits are for those at the end of life,” said Dr. . Croix Hospice, in a statement. Croix Hospice opened in 2024. “We believe everyone deserves exceptional hospice care, and St.
The Medicare Payment Advisory Commission (MedPAC) has recommended to Congress a freeze on hospice payment increases starting in 2025. In its annual report to Congress, MedPAC urged policymakers to eliminate hospice base-rate increases for 2025. The 2021 aggregated Medicare hospice margin was 13.3%, according to MedPAC.
1, 2025, CMS will implement some revisions to the program. “In Starting in 2025, the MEOS payment will increase to $110 per member, per month, up from $70 in the program’s first year. For dually-eligible patients, the payment for 2025 will be $140. Effective Jan. The PBP payments are linked to spending targets.
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).
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