Hospice News

SEPTEMBER 11, 2023

hospice providers have the same problem — a workforce shortage — many seek to address it using unique solutions. Worsening workforce shortages have been keeping hospice leaders awake at night for several years running. Hospices, in turn, have taken new steps to gain or keep their staff, particularly clinicians. Though most U.S.

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Hospice News

MARCH 15, 2024

Senior living and health care services operator The Dover Companies has launched a home health and hospice business branded as Dover Health. The fledgling company pledges to offer patients a suite of wraparound services, including for the terminally ill, to support quality of life and aging in place.

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Hospice News

APRIL 9, 2024

The companies indicated in a statement that the merger will enhance access in-home medical care and improve patient outcomes. In addition to home-based primary care, Enoble providers hospice and palliative care, among other services. The company also operates an Accountable Care Organization (ACO). Virginia and Georgia. “By

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Hospice News

DECEMBER 31, 2024

The Colorado-based hospice provider collaborative Care Synergy has formed a joint venture with RCC Medical Equipment Co. Care Synergy emerged in 2021 as a regional collaborative of hospice companies. Care Synergy emerged in 2021 as a regional collaborative of hospice companies.

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Hospice News

JANUARY 2, 2024

After a rocky year for M&A, two of the publicly traded hospice providers are poised to pursue more deals in 2024. While the majority of the hospice industry is not publicly traded, the actions of those large companies can have an impact on smaller organizations that are on the hunt for deals. Its hospice segment earned $53.1

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Hospice News

FEBRUARY 21, 2023

Currently, nine of the company’s locations are hospices, with more expected in the coming years. Hospice is a smaller part of what we have today, but we’re excited to make that a bigger part and bring hospice into our other operating states. My roots are in home care. “My My roots are in home care. NYSE: EHAB).

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Hospice News

NOVEMBER 14, 2022

Labor shortages and other headwinds have battered hospices during 2022, including large companies. During Q3 in particular, several companies also saw the need to increase utilization of contract labor or reduce the number of patients served as a rising number of employees took time off to regroup. The company saw a 10.6%

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Hospice News

JANUARY 9, 2025

Hospice providers across the country have recently launched new inpatient facilities as 2025 unfolds. The new year may also bring closures of certain hospice programs. VITAS Opens 2 New Locations VITAS Healthcare on Wednesday announced the opening of its new inpatient hospice unit in Fort Worth, Texas. NYSE: CHE) subsidiary.

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Hospice News

FEBRUARY 20, 2024

A federal jury has convicted Dr. John Thropay, a hospice medical director, on charges of health care fraud in a $2.8 Thropay was the medical director of several hospice companies, including Blue Sky Hospice, based in Van Nuys, California. The post Blue Sky Hospice Medical Director Convicted of $2.8M million scheme.

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Hospice News

JULY 12, 2022

More hospice and palliative care providers are pursuing joint ventures with hospitals and health systems. There’s a lot of patients that fall through the cracks because there’s not that longitudinal model of care that’s really in place,” Stein said at the Hospice News Palliative Care Conference. It’s going both ways.”.

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Hospice News

MARCH 18, 2025

When considering transactions, the company seeks out often struggling companies in its existing or expanded markets that earn between $3 million and $10 million in revenue and sell at a multiple of 5x to 8x for hospice companies. The company also completed some senior living transactions. million, up 28.9%

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Hospice News

JULY 26, 2024

A hospice physician in California is facing up to a decade in prison after pleading guilty for their involvement in a kickback fraud scheme that bilked Medicare of nearly $30 million. Contreras served as a physician for two Pasadena-based providers, Saint Mariam Hospice Inc. and Arcadia Hospice Provider Inc. Meanwhile, St.

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Hospice News

JUNE 21, 2023

Years after it was first introduced, hospice leaders are calling on Congress to move forward legislation that would bolster their dwindling workforce. The most significant bill in recent years is the Palliative Care and Hospice Education Training Act (PCHETA), which has come before Congress time and again but has not yet been passed.

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Hospice News

JUNE 10, 2024

The FBI has arrested five people in connection with a $15 million hospice fraud and money laundering scheme. The arrests took place in California, a state that has been rife with hospice fraud in recent years, along with Arizona, Texas and Nevada. The post FBI Arrests 5 in $15M Hospice Fraud Plot appeared first on Hospice News.

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Hospice News

AUGUST 30, 2024

In a time of workforce shortages, hospices are seeking the “secret sauce” that will help keep employees on board and bring new people into their fold. YoloCares provides hospice, palliative and supportive care in six counties across northern California. The company serves 18 counties in the Sunshine State. NYSE: CHE).

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Hospice News

SEPTEMBER 29, 2023

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. Several co-conspirators were also convicted, including the company’s owner, Rodney Mesquias, and CEO Henry McInnis.

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Hospice News

AUGUST 5, 2022

What some hospices are referring to as “on-demand payroll systems” have become a way for employers to get creative financially without stretching their bottom lines too thin. Singer River owns Hospice of Light, which has two locations in the state. “We DailyPay provides payroll services to health care and hospice employers nationwide.

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Hospice News

JUNE 8, 2022

Hospice operators have relied on contract nursing to stay afloat during a time of worsening labor pressures, elevated turnover and rising demand for care. Competition with travel nursing firms has been among the drivers of wage increases for hospice companies. The company’s net service revenues rose 10.4.% in Q1 to $226.6

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Hospice News

SEPTEMBER 12, 2023

Medicare Advantage organization SCAN Group has invested an undisclosed dollar amount in tech-enabled hospice startup Guaranteed. The move comes nearly a year after California-based Guaranteed launched in August 2022, when founder and CEO Jessica McGlory began her own provider company two years after her father passed away.

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Hospice News

FEBRUARY 26, 2024

Hospice operators in 2024 are navigating a rapidly transforming environment. The prior three years have laid the groundwork for change, particularly in the regulatory space as well as gradual migration towards value-based reimbursement and in tandem, the proliferation of business lines beyond hospice.

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Hospice News

SEPTEMBER 7, 2022

Some hospice company leaders have signaled the labor market may be showing signs of stabilization. This is of particular significance for hospices that also provide palliative care, home health, or other upstream services.

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Hospice News

APRIL 5, 2023

Hospice executives with a nursing background can bring unique competitive advantages. This has been the case for Nevada-based 1Care Hospice & 1Care Kids, particularly as they contended with the pandemic and widespread workforce shortages, according to COO Eddie Belluomini. 1Care was their first venture.

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Hospice News

OCTOBER 12, 2022

Hospices and Accountable Care Organizations have the ability to customize payment contracts within the Realizing Equity, Access and Community Health (ACO REACH) program. At the time, those relationships were oriented around home health agencies and skilled nursing facilities, Osborne told Hospice News. Effective Jan. 1, 2023, the U.S.

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Hospice News

DECEMBER 22, 2023

Transaction volume declined in the hospice and home-based care space in 2023, following the two record-breaking prior years. Only three hospice deals took place in the third quarter of this year compared to 11 in Q3 2022 and 18 in the same period in 2021, according to data from the M&A advisory firm The Braff Group.

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Hospice News

JANUARY 31, 2024

The Texas-based home health and hospice company VitalCaring Group was built largely through acquisitions, and the company expects to step up that strategy in 2024 with an emphasis on hospice. The company, which also offers pediatric and companion care, has also opened a few de novos and has more planned for this year.

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Hospice News

OCTOBER 9, 2024

Home-based care provider Compassus has been on a growth trajectory for several years running – placing hospice and home health at the center of its strategic vision. Compassus provides home health, home infusion, palliative and hospice care across 30 states. Thinking about legacy Compassus, we began as and have been a hospice company.

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Hospice News

JULY 3, 2023

Some hospice owners have been selling their businesses soon after securing a license. The practice appears to stem from a rash of newly licensed hospices that have emerged in California, Nevada, Texas and Arizona. Centers for Medicare & Medicaid Services (CMS) to strengthen program integrity for the Medicare Hospice Benefit. “I

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Hospice News

SEPTEMBER 2, 2022

A turbulent economy and slight cool-down in deal activity early in the year have led some to question whether the record-high valuations for hospice assets will start to tumble. Thus, these assets have come at a premium in recent years, with hospice multiples r eaching as high as 29x in 2020.

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Hospice News

MAY 12, 2023

California-based Community Hospice, Inc. Current and former employees of the nonprofit hospice organization filed a $5 million lawsuit in April for unpaid wages during the pandemic. Established in 1979, the nonprofit organization provides hospice and palliative care in three counties near the San Francisco area of northern California.

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Hospice News

APRIL 26, 2022

Nurse practitioner Raphael and registered nurse Britt Akobundu, a married couple, launched San Diego-based Blue Monarch Hospice this past March, with the intent of improving the quality of life for not only patients and families, but also health care workers. . As a nurse practitioner, what led you to begin a hospice program?

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Hospice News

OCTOBER 26, 2022

Justice Department has indicted three individuals who are linked to California hospices on alleged False Claims Act violations, among other charges. Karen Sarkisyan, Gayk Akhsharumov, and Babken Chalkadryan, of San Gabriel Hospice & Palliative Care and Broadway Hospice were each charged in the U.S

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Hospice News

MARCH 17, 2023

More hospices are going green, making short-term investments to cultivate long-term sustainability. Among these companies is Agrace Hospice & Supportive Care, which unveiled an initiative last October to become carbon neutral by 2025, according to President and CEO Lynne Sexten. Amedisys, Inc.

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Hospice News

JANUARY 26, 2024

Rebranding a hospice company following a merger or acquisition is a more complex process than it may seem at first blush. And although not all acquired companies rebrand, many do in order to create a unified identity or reflect a broader suite of services. .

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Hospice News

MAY 20, 2024

A group of former hospice and home health leaders have gone all-in on Programs for All-Inclusive Care of the Elderly (PACE) with the launch of an emerging company. Why is PACE an attractive model for home health and hospice companies? Now I would say that PACE is more where hospice was in the 90s.

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Hospice News

NOVEMBER 17, 2022

Rising interest rates and unlikely to deter investors or strategic buyers from acquiring hospice companies. Higher interest rates will push up borrowing costs, making hospices more expensive to purchase in the long-run. The Federal Reserve raised interest rates by 0.75% earlier this month. The rates now range from 3.75% to 4%.

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Hospice News

APRIL 6, 2023

Two hospice fraud cases are moving forward in California and Arizona, states that some stakeholders consider to be potential hotbeds of malfeasance in the space. False Claims Act violations in California San Gabriel Hospice & Palliative Care submitted roughly $3.67 Karen Sarkisyan, a.k.a.

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Hospice News

AUGUST 23, 2024

According to her LinkedIn profile, she is also an operating partner for the private equity firm The Vistria Group, which has a history of investing in home health and hospice companies. Interim, a portfolio company of Caring Brands International, is a national franchisor of home care, home health, hospice and medical staffing services.

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