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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. billion in 2022, Medicare (MedPAC) reported.
Texas-based Choice Health at Home LLC has inked a deal to acquire Lumicare Hospice, growing its presence in two current markets while establishing services in a new state. Lumicare Hospice has locations in Texas and Arizona, two states in Choice’s existing service region. Hospice utilization in the state reached 50.4%
Though relatively few home health agencies provide palliative care, those providers and their patients can benefit from more integration of those services. Currently, the palliative care space is dominated by hospices and health systems. Choice came on the scene in 2008 as a rehabilitationservices provider.
Louisiana-based CommCare Corporation recently acquired Notre Dame Hospice and Notre Dame Home Health for an undisclosed sum. CommCare’s purchase of Notre Dame’s home health and hospice operations marks the transaction of this divestiture Its nursing home services are next in line as part of a separate deal set to close in 2023.
Labor shortages reduced clinical capacity for Amedisys (NASDAQ: AMED) during the summer months, which slowed hospice admissions growth during the third quarter. As staffing got tighter on our clinical side, it started to impact hospice,” CEO Chris Gerard said in a Q3 earnings call. “It The company’s hospice segment brought in $198.7
“When we think really along the lines of that full continuum [of home-based care], we are developing our provider line, or home health line and hospice,” Choice Health at Home CEO David Jackson previously told Hospice News. “We With that infusion of capital, Choice purchased Kindful Hospice and Amed Home. By 2050, nearly 2.5
“[Arizona has] a fantastic state government, a Medicaid program that truly aims to support families with intermediaries that share that vision, and a demographic that needs our services,” Jackson told Hospice News in an email. The company initially launched as a rehabilitationservice provider in 2008.
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.
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 hospice care. “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%
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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