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

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

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

DECEMBER 4, 2024

Tutera Senior Living & Health Care and Residential Home Health and Hospice have expanded their existing partnership to offer hospice care in the Kansas City, Missouri, region. This latest move adds hospice to the mix. The two organizations expanded their partnership last year to include palliative care.

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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

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

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

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

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

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

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

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

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

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

MARCH 8, 2024

Variations in hospice certificate of need (CON) state laws are raising program integrity concerns. What ends up happening in states without CON is actually lower hospice utilization with way too many hospices in one service area, and often fragmented care without all four levels of hospice offered,” Ponder-Stansel told Hospice News.

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Hospice News

JULY 19, 2022

For better or worse, the growing presence of large insurance companies in the hospice and home health provider space could be transformative for the industry. hospice company by market share and the leader of a growing for-profit provider based in the Midwest. Hospice leaders have to remember why we are here.

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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

FEBRUARY 20, 2024

As hospices zero in on their investments in staff engagement and operational efficiencies, organizational culture is becoming a higher priority. Hospices nationwide are taking varied approaches around how they fuel staffing investments with sustainable growth in mind. 2024 Hospice News Outlook Survey and Report.

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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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Hospice News

DECEMBER 13, 2022

Most hospices are sliding into 2023 between a rock and a hard place, beset by headwinds, labor shortages and questions with no easy answers. Government oversight of hospice providers will tighten during 2023. Hospices have faced ever-intensifying scrutiny from regulators in recent years. Be ready for regulation.

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Hospice News

JANUARY 19, 2023

Four national hospice and senior care industry groups have called on Congress and the U.S. The proposed list of measures outlined in Hospice Program Integrity aimed to create more effective oversight. “A A lot of eyes are looking at hospice at this point in time.

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Hospice News

DECEMBER 12, 2022

Though hospice deal volume dipped in 2022 compared to previous years, five particular transactions could paint a larger picture of where investors see value in the space. These interesting, unusual or groundbreaking deals could signal what’s to come in 2023 and help shape the hospice market’s long-term future. This was Humana Inc.’s

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Hospice News

FEBRUARY 14, 2023

Offering hospice can be a gamechanger for skilled nursing and assisted living operators looking to stand out from competitors and improve patient reach. Home-based care, including hospice, has become an increasingly attractive space for facility-based health care providers of all walks. Among the 1.6

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