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How to Diversify Services Within the Medicare Hospice Benefit

Hospice News

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.

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CMS’ Dr. Oz Issues Public Call to ‘Crush’ Hospice Fraudsters

Hospice News

Centers for Medicare & Medicaid Services (CMS) Administrator Dr. Mehmet Oz has issued a public announcement warning against the most common tactics being employed by fraudulent hospice operators. Theres a Medicare scam out there that can really hurt people, Oz said in a social media post.

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California Physician Sentenced to 24 Months for $3.2M Hospice Fraud

Hospice News

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.

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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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Man Pleads Guilty to $17M California Hospice Fraud Scheme

Hospice News

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. Justice Department.

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Publicly Traded Hospice Companies Poised for Deals

Hospice News

The nation’s publicly traded hospice companies are primed for more acquisitions after a 2023 slump, fueled by census and growth. Transaction volume declined in the hospice and home-based care space in 2023, following the two record-breaking prior years. Financial terms were not disclosed in these deals.

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The Public Hospice Companies Most Likely to Acquire in 2024

Hospice News

The company was among the most prolific hospice buyers last year and has established growth through acquisitions as a key strategy. The Pennant Group acquired five Medicare hospice provider numbers during the past six months, which accelerated growth for its home-based care segment.