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Even if you aren’t ready yet to step outside of the hospice box, diversification is possible within the hospice payment system. These types of programs have proliferated among hospicecompanies in recent years.
The certification reflects a growing trend of hospices pursuing disease-specific certifications or programs as a way of diversifying their services within the Medicare Hospice Benefit. VITAS is the first national hospicecompany to earn the AHA certification, though some local and regional hospices have done so.
“If you think about how they’ve taken on strains in their capacity, these post-acute services – home health and hospice – they can get patients out of very expensive settings,” Klementz told Hospice News at the Home Care 100 Conference.
Hospice providers can also anticipate movement towards health care system integration and carecoordination. Recognition is growing among health care providers, payers and policymakers that the system’s history of building silos around individual care settings can drive up costs and adversely affect patient outcomes.
In human terms, this means that millions of terminally ill patients will receive compassionate, person-centered care at the end of their lives. The prior two years also saw some earnings stabilization among publicly traded companies. The model is designed to address carecoordination, behavioral, medical and functional needs.
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