Remove 2030 Remove Medicare Remove Personal care
article thumbnail

Hospice Market to Nearly Double by 2030; Palliative Care to See Large Gains

Hospice News

The hospice market will grow at an annual rate of 7% to 8%, making it the second-fastest growing health care segment nationwide, trailing only behind personal care, according to findings in the report. billion by 2030, a rise from $34.5 Value-based reimbursement is giving the palliative care market a push.

2030 336
article thumbnail

Compassus, VNS Health Team Up to Manage End-of-Life Care for Medicare Advantage Payers

Hospice News

Compassus and VNS Health have formed a value-based collaboration aimed at improving access, awareness and quality of hospice and palliative care services. The two home-based care organizations are joining forces in a Medicare Advantage (MA) Value-Based Insurance Design (VBID) model partnership. Recently, the U.S.

professionals

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Addus Acquires Apple Home Healthcare

Hospice News

The state is one of three in which Addus offers its trifecta of business lines — personal care, home health and hospice. This acquisition is commensurate with our growth strategy to leverage our strong personal care presence and add clinical services.”. for an undisclosed sum. currently, according to the U.S.

article thumbnail

Avera at Home Gets Personal with Kore Cares Joint Venture

Hospice News

South Dakota-based Avera@Home recently formed a joint venture with personal care provider Kore Cares in a move that grew its service line and geographic reach in the state. It had long partnered with Kore Cares before officially joining forces. It had long partnered with Kore Cares before officially joining forces.

article thumbnail

Jet Health Acquires Trio Home Health and Hospice

Hospice News

Now, with our 10 locations statewide, coupled with a strong, solid network of caregiving professionals throughout all our service areas, we are well-positioned to meet the home health care and hospice needs of Texans.”. Seniors are expected to make up more than 20% of the state’s population by 2030, up from 12.9%

Hospice 245
article thumbnail

Two Hospices Halt Services Amid Staffing Shortages

Hospice News

“Like many other hospice and home health programs across the nation, as the national health care worker shortage continues and the cost of health care staff and other expenses skyrocket, we are finding it increasingly difficult to manage the rising costs of doing business.”. Personal care and social work referrals will also end.

Hospice 246
article thumbnail

Addus Completes Tennessee Quality Care Deal, Anticipates More Transactions

Hospice News

By 2030, 28% of the state’s population will be 60 or older, according to the U.S. All told, Addus provides hospice, home health and personal care to an estimated 47,500 patients annually across 203 locations in 22 states. Allison attributed the decline primarily to the return of Medicare sequestration. Census Bureau.

Homecare 246