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Rising demand for end-of-life care is pushing hospice growth opportunities to the forefront in value-based reimbursement. More payers in this arena are increasingly recognizing the depth of potential beneficial outcomes when it comes to collaborative hospice partnerships. National hospice utilization rates reached 49.1%
Julia Hospice & Palliative Refuels De Novo Plans Pennsylvania-based Julia Hospice & Palliative (JHPC) has reignited plans to launch a de novo after experiencing pandemic-related setbacks. Dubbed Julia House, the facility will provide inpatient hospice and serve as an outpatient palliative care clinic.
Louisiana-based CommCare Corporation recently acquired Notre Dame Hospice and Notre Dame Home Health for an undisclosed sum. The archdiocese in August announced an agreement to exit from all affiliated senior care businesses, including the health system. currently, according to the U.S. Census Bureau.
Angela Hospice’s New Senior Living Inpatient Facility Michigan-based Angela Hospice recently unveiled plans to open a new inpatient center at a senior living facility. Set to open this summer, the hospice facility will feature 15 patient beds at Lourdes Senior Community in Waterford, Michigan.
Atlanta-headquartered Aveanna provides home health, hospice, personal care and private duty services across 33 states. The company also provides medical solutions, therapy services and durable medical equipment, among other adult and pediatric health careservices.
The medical center’s range of inpatient and outpatient continuous care includes emergency and rehabilitativeservices. It also offers home care and hospice through MaineHealthCare at Home, as well as inpatient hospicecare at the Sussman House.
When the Atlanta-based provider filed to go public in April 2021, however, it revealed ambitious plans to expand into the arenas of Medicare-certified home health and hospicecare. “We Hospice, in particular, will be buoyed by a rate increase hitting Oct. As a reminder, we do not have a demand problem.” million, a 6.5%
Health systems are increasingly growing their hospice and palliative careservice lines, with philanthropy among the key ways to fuel these programs’ sustainability. Some hospices have temporarily halted or shuttered their programs due to a lack of funding or staff.
The Pennant Group is a holding company of independently operated subsidiaries that provide home health, hospice and senior living careservices. Pennant’s home health and hospice segment brought in $85.5 million in net service revenue during the third quarter, an 8.6% rise from Q3 2021.
These settings range from private homes and assisted living facilities to hospicecare and specialized care centers. Here are some benefits associated with the diverse work settings: Flexibility: At Freedom Home Care, nurses can choose their work environment and often have the flexibility to set their schedules.
A rich mix of hospice merger and acquisition (M&A) activity at the end of 2023 is fueling trends into next year. Hospice M&A activity has diverged from the frenzied pace set in recent years. This year saw a slow but significant start, with mainly smaller and fewer hospice transactions taking place.
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