Hospital, Home-Based Admissions Rise for Vitas Healthcare

Hospital and home-based admissions for Vitas Healthcare — the hospice business of Chemed Corporation (NYSE: CHE) — increased during the third quarter of 2018, while nursing home and assisted-living facility admissions declined. Gains in hospital and home-based admissions largely overshadowed losses from the two other care settings, however, leading to sturdy Q3 financial results for […]

Hospice Census Up, Small Acquisitions on the Radar for Vitas

Vitas—Chemed Corporation’s (NYSE: CHE) hospice business—posted sturdy second-quarter financial results Wednesday, partially thanks to increases in both its average daily census and admissions levels. Cincinnati-based Chemed’s Vitas segment is recognized as one of the nation’s largest providers of end-of-life care, employing about 11,500 professionals who operate across hospice locations in 14 states and Washington, D.C. It’s […]

Highest Paid CEOs in Home Health Last Year

CEOs from publicly traded home health care companies brought home a combined total of about $39.5 million in 2017—though some execs certainly earned far more than their industry peers. In order, CEOs from Kindred Healthcare (NYSE: KND), Encompass Health (NYSE: EHC) and Amedisys, Inc. (Nasdaq: AMED) took home the most last year in total compensation, […]

[Updated] $75 Million FCA Settlement is Largest-Ever for a Hospice

The largest for-profit hospice chain in the nation and its parent company have agreed to pay $75 million to resolve false claims allegations for hospice services, the Department of Justice announced. The resolution is the largest amount recovered from a provider of hospice services under the False Claims Act, according to the DOJ. Chemed Corporation (NYSE: […]

Largest For-Profit Hospice Provider Sued by DOJ for Medicare Fraud

Chemed Corporation, the largest for-profit hospice chain in the United States, has been accused of fraudulent Medicare billing for hospice and healthcare services—such as crisis care for a patient who was playing bingo part of the time—the Department of Justice announced on Thursday.  The government’s complaint alleges that Chemed and Vitas Hospice Services LLC, a […]