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California Hospice Owner Receives 12-Year Prison Sentence in Fraud Case

Hospice News

Petros Fichidzhyan, 44, of Granada Hills, California, has been sentenced to 12 years in prison and three years of supervised release for his role in a mulit-year scheme to defraud Medicare of more than $17 million. Fichidzhyan committed the fraud through sham hospice companies and a home health company that he owned, according to the U.S.

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Stillwater Hospice CFO: A Winning Recipe for Improving Rural Hospice Care

Hospice News

Launched in 2017, the hospice company serves predominantly rural-based populations in Montana, northern Wyoming and South Dakota. As we look at diversity, language barriers and being more inclusive, were doing a better job of providing Medicare beneficiaries with more care. How does Stillwater Hospice approach growth?

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As Headwinds Rage, Large Hospice Companies Lay Groundwork for Potential 2023 Growth

Hospice News

This year brought the return of Medicare sequestration, and pandemic-driven disruption in referral streams are lingering. Generally, fewer clinicians has meant fewer patients have been receiving hospice care, according to industry observers and companies’ own reports. The company saw a 10.6%

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CMS 2025 Proposed Rule Signals Changes to Quality Measurement, Omits Program Integrity Actions

Hospice News

The 2025 proposed hospice rule is raising some questions along with payment rates. Centers for Medicare & Medicaid Services (CMS) proposed a 2.6% increase in hospice per diems for 2025. We know that hospice care has demonstrated $3.5 Hospice care saves Medicare roughly $3.5

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Hospice Medical Director Receives 50-Month Prison Sentence for $150M Fraud

Hospice News

A federal judge has sentenced Jesus Virlar-Cadena, formerly a medical director for the Texas-based hospice company Merida Group, to 50 months in prison for his role in a $152 million scheme. The company operated dozens of locations across Texas. Of that amount, Merida actually received $124 million.

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Frontpoint Health Acquires High Plains Senior Care Group

Hospice News

Frontpoint Health has completed its acquisition of the Texas-based home health and hospice company High Plains Senior Care Group (HPSC). The HPSC deal expands Frontpoint’s footprint and builds density in markets the company already serves, according to CEO Brent Korte. Financial terms were undisclosed.

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CMS Proposes ‘36-Month Rule’ to Curb Hospice License ‘Flipping’

Hospice News

The practice appears to stem from a rash of newly licensed hospices that have emerged in California, Nevada, Texas and Arizona. Some of these providers have secured licenses, as well as Medicare certification and, sometimes, accreditation. In that time frame, Nevada saw 56 newly certified hospices, and 369 emerged in Texas.

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