The Centers for Medicare & Medicaid Services (CMS) made waves in January when it unveiled plans to test a hospice carve-in under Medicare Advantage (MA), a step long viewed as “inevitable.” Specifically, CMS officials said they would test the feasibility of a hospice carve-in starting in 2021 through the MA Value-Based Insurance Design (VBID) model. […]
Category: Hospice
When it comes to asset valuation, the home health and hospice industries continue to blow the rest of health care out of the water, posting the highest trading multiples sector-wide for the third consecutive quarter. In Q2 2019, home health and hospice had the highest mean trading multiple of 22.7 times EBITDA, up from 21.8 […]
The financial well-being of home- and community-based care providers often depends on Medicaid reimbursement, which has stagnated throughout much of the country in recent years. One state is trying to rebalance the equation with a first-of-its-kind annual inflation increase for all Medicaid home care and hospice direct fee-for-service rates. Last June, the Rhode Island General […]
Encompass Health (NYSE: EHC) has made a minority investment in predictive analytics firm Medalogix. Regulatory changes and staffing shortages driving the need for increased efficiency in home health and hospice motivated the investment, according to Encompass Health Chief Strategy Officer Luke James. “As we look out into the future, [we’re excited about] having a direct […]
While palliative care is often considered a hospital-based extension of hospice, one health system is using it to fill the gaps in its home-based service offerings. Sentara Healthcare is partnering with Turn-Key Health to make it happen. The new advanced illness services program uses predictive analytics to identify and enroll patients with a higher risk […]
Is your organization interested in the business of hospice care? With a Home Health Care News affiliation, Hospice News recently launched to cover the $28 billion business of hospice and palliative care.As demand for hospice continues to grow, Hospice News will provide industry insights, information and analysis that leaders, investors and policymakers need to navigate […]
If there’s one thing home health care providers can agree on when it comes to the Patient-Driven Groupings Model (PDGM), it’s that the new model is shrouded in uncertainty. Despite attempting to predict expected reimbursement changes and adapting operations accordingly, agencies won’t know exactly how PDGM will affect them until well after its Jan. 1 […]
Hospital-at-home company raises $10M in Series B funding Medically Home — a Boston-based technology-enabled services company — has raised $10 million in Series B funding. The round was led by Cardinal Health and other investors. Founded in 2017, Medically Home brings hospital-level care into the home, sending clinicians, technology, equipment, medication and supplies directly to […]
Brookdale Senior Living’s (NYSE: BKD) home health business may be taking a back seat to the senior housing owner and operator’s core portfolio and hospice line — at least for now. Locked in on an ongoing turnaround effort and coming off a strong Q1 2019 performance rooted in an improved sales cycle and growth, Brookdale […]
LHC Group Inc. (Nasdaq: LHCG) has turned its cornerstone joint venture strategy up a notch in the early part of 2019, a decision that helped propel the Lafayette, Louisiana-based home health giant to a steady first quarter. JVs will continue to play a leading role as LHC Group readies itself for the Patient-Driven Groupings Model […]