News
High Turnover in Hospices Correlates to Lower Margins
Elevated turnover rates are nibbling at hospices’ profit margins. A recent, nationwide BerryDunn survey of home health and hospice providers found that those who have experienced high turnover rates also sustained significant blows to their bottom lines. Providers with a turnover rate of 10% or less among staff reported seeing margins rise on average by 18.94%. Meanwhile, […]
Read MoreHospice Multiples Unlikely to Drop
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. Like most business sectors, health care has felt the aftershocks of global economic trends such as rising inflation, supply chain disruption, and the continued effects of […]
Read MoreQuality Data Crucial for Hospices in Value-Based Reimbursement
Understanding payer priorities in defining the scope of quality is vital for hospices to thrive not only in traditional Medicare, but also in today’s value-based reimbursement climate. The nitty gritty details of data tracking and management matter when it comes to ensuring both a healthy bottom line and quality patient care. This includes performance on […]
Read MorePublicly Traded Hospice Execs See Signs of Improvement in Labor Market
Some hospice company leaders have signaled the labor market may be showing signs of stabilization. Executives from 13 publicly traded home-based care companies participated last week in Jeffries Financial Group’s annual Nashville Healthcare Services Bur Tour, including contingents from Addus (NASDAQ: ADUS), Amedisys (NASDAQ: AMED), CVS Health (NASDAQ: CVS), Signify Health (NASDAQ: SGNY), and Enhabit […]
Read MoreEnhancing Care Coordination Can Give Hospices An Edge in Value-Based Models
As more health care reimbursement migrates towards value-based payment models, providers will need to master the art of care coordination. Seriously ill patients can easily fall through the cracks in a fragmented health care system, leading to poorer outcomes and costly hospital stays and emergency department visits. Closing these gaps is a rising priority in […]
Read MorePayers to CMMI: We Need a Standardized Definition for Palliative Care
A group of health plans, policymakers, and insurance companies recently told the Center for Medicare & Medicare Innovation (CMMI) that they needed a standardized definition for palliative care in order to improve access. The Coalition to Transform Advanced Care (C-TAC) recently facilitated discussions between CMMI, health plans and other private payers on ways to integrate […]
Read MoreHospices Use Education, Career Incentives to Grow Clinical Workforce
More hospices are building up their clinical ranks through education, training and programs like tuition reimbursement. Investing in these education and career-building programs could yield big returns when it comes to hiring and keeping personnel, according to Phillip Heath, board chair of New Jersey-based Samaritan Life Enhancing Care. Heath will become the organization’s CEO effective October 1. […]
Read MoreSupporting patient wishes for death at home
Wherever we call home, most of us long to be there. No matter the condition of the floors, or the quality of the curtains–perhaps no curtains, that is the place we want to be at the end of the day. But what about at the end of our lives? Home may look different from the traditional […]
Read MoreCMS Approves Renewal of Vermont’s 1115 Demonstration
On June 28, 2022, the Centers for Medicare & Medicaid Services (CMS) approved a five-and-a-half-year renewal of Vermont’s Global Commitment to Health (Global Commitment) Section 1115 demonstration. The Global Commitment demonstration covers nearly all of Vermont’s Medicaid program; Vermont provides Medicaid services and supports to more than 200,000 Medicaid enrollees—nearly 30 percent of the state’s population.1 In addition […]
Read MoreThe Fastest Growing Companies In Home-Based Care
A number of home-based care providers – and businesses in the aging services sector at large – are among some of the nation’s fastest-growing companies. In fact, these companies recently grabbed a spot on Inc. 5000’s annual ranking. Companies such as connectRN, Entrusted Pediatric Home Care, BarbaraKares In-Home Care Services, Connect Pediatrics and Electronic Caregiver made […]
Read MoreLearnings from the home care community: 100 podcasts later
Two years ago, as the COVID-19 pandemic began, a recurring theme occurred in my local community: questions about caregiving. At my company Enriched Life Home Care Services, we became acutely aware that families and caregivers had to find the resources and information they needed as they embarked on their caregiving journey. As the questions continued […]
Read MoreThe need for RPM in home care
Home care is in high demand and that demand will only rise with time. A total of 10,000 people are turning 65 every day, and most of us at some point in time will need assistance with our activities of daily living (ADLs). This is a call to action for home care providers to begin offering a […]
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