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Rumors that the company would come up for sale began circulating earlier this month following reports from the Wall Street Journal, which also reported that Amazon was in the running as a buyer. Clients are seeing the value in our unique position: our ability to see patients in the home and refer them to care for the urgent needs we identify.
Frontpoint Health has completed its acquisition of the Texas-based home health and hospicecompany 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.
Compared to other health care settings, hospices lack diversity in revenue streams such as private insurers and Medicaid funding. Through the hospice benefit, Medicare covers nearly 90% of a provider’s patientcare revenue.
Centers for Medicare & Medicaid Services (CMS). With everything that’s changing in the industry right now, I’m more heavily involved in the decision-making with our hospices and how their care plans handle specific situations as they arise each and every day. It’s all in how to handle different situations.
Staff at the new office provide 24/7 services to help facilitate hospice admissions for hospital and physician referrals and facility-based patients. The hospice provider also offers pet and music therapy, as well as bereavement support services. This is another level of care that we can provide,” Sade Bello told local news.
Four national hospice and senior care industry groups have called on Congress and the U.S. Centers for Medicare & Medicaid Services (CMS) to make regulatory and legislative changes to instill stronger program integrity safeguards. Ensuring program integrity is essential to enabling good hospicecare.
Control of these assets also allows payer organizations to better manage the financial risks that come with the value-based payment models that many expect will overtake traditional Medicare in coming years. hospicecompany by market share and the leader of a growing for-profit provider based in the Midwest.
SEIU analyzed Medicare claims data showing that the average hospice transfer rate among HCA hospital discharges was nearly 40% above the national average in 2021 and represented a 50% growth rate over four years. For one, hospice utilization has been on a steady upswing nationally for several years. told Hospice News.
With this growing influence comes renewed scrutiny about their impact on patientcare, federal policymakers have indicated. Medicare is going to set higher standards for nursing homes and make sure your loved ones get the care they deserve and expect.”. That ends on my watch,” Biden said. Congress also asking questions.
The recent entry of large numbers of newly created hospice organizations in several states has heightened long-standing concerns among hospice leaders (as shared with CMS in November 2022) about the adequacy of Medicare certification, accreditation, and enforcement processes.
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