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“More and more people are being served by hospice every year, and CMS needs to recognize the dynamic value the benefit provides – not only from the improved quality of life hospices provide, but also from the huge financial savings to Medicare that utilization of the hospice benefit drives.”
A lot of times you find that they don’t have an option to stay at home, because they can’t afford to bring in support systems or pay for private sitters, and they end up going to a nursinghome. This strategy allows companies to create more longitudinal relationships with patients, potentially long before they need hospice.
The program is designed to recognize up-and-coming industry members who are shaping the next decade of senior housing, skilled nursing, home health, and hospice care. What drew you to the hospice industry? What has changed the most since you came into the hospice industry?
From a business perspective, this means hospicecompanies will have to rise to meet burgeoning demand and staff shortages and financial headwinds, including reimbursement that hasnt kept pace with inflation rates. The prior two years also saw some earnings stabilization among publicly traded companies.
“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. Anthony’s Hospice. Among the 1.6
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