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All posts tagged with “Hospice Provider News | Operations News | Financial.”
2 tailwinds shaping hospice growth, care delivery
03/18/25 at 02:00 AM2 tailwinds shaping hospice growth, care delivery Hospice News; by Holly Vossel; 3/14/25 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. Swelling aging populations have fueled rising health care costs across the country, with payers and providers alike seeking ways to ensure affordable access and sustainable services. ... “As far as tailwinds for the industry specific to hospice, [it’s] predictions for demographic growth,” [David Jackson, CEO and founding partner of Choice Health at Home] said. “The biggest opportunities for growth [are] talking about vertical integration and how we reach up into the health care system. [It’s] talking about the value that we bring from the perspective of patient care, and then talk about the plans, the payers, the opportunity to enhance their financial outcomes.”
MedPAC’s flawed recommendations would harm patients and increase costs
03/17/25 at 02:00 AMMedPAC’s flawed recommendations would harm patients and increase costs National Alliance for Care at Home, Alexandria, DC and Washington, DC; Press Release; 3/14/25 The National Alliance for Care at Home (the Alliance) released the following statement on the Medicare Payment Advisory Commission’s (MedPAC) March 2025 Report to Congress: Medicare Payment Policy. ... “MedPAC’s recommendations are based on flawed and incomplete analyses with conclusions unsupported by all the available facts. These recommendations severely undervalue the critical role that home health and hospice providers play in ensuring the health and well-being of Medicare beneficiaries,” said Alliance CEO Dr. Steve Landers. “Recommending unthinkable cuts for home health and stagnant payment rates for hospice in the face of workforce shortages and inflation threaten access to these vital services for our aging population and undermine the dedicated providers who support them. ..."
Malpractice lawsuits are rising — here’s how physicians can protect themselves
03/14/25 at 03:00 AMMalpractice lawsuits are rising — here’s how physicians can protect themselves Becker's ASC Review; by Patsy Newitt; 3/11/25 Medical malpractice insurance is essential for protecting physicians from financial and legal risks, particularly amid the rise in malpractice lawsuits, according to a March 5 article on Physicians Thrive’s website. In 2023, malpractice verdicts hit a record high. There were 57 medical malpractice verdicts of $10 million or more, with more than half of those verdicts hitting $25 million. Here are nine things to know from the Physician’s Thrive article.
CMS pulls plug on projects aimed at improving care, saving on costs
03/14/25 at 03:00 AMCMS pulls plug on projects aimed at improving care, saving on costs KFF Health News - Morning Briefing; 3/13/25 One initiative that has been scrapped would have offered some generic drugs to Medicare enrollees for $2. Meanwhile, the Trump administration has backed off hospice oversight.
[UK] 'Rising costs mean difficult decisions' - hospices
03/04/25 at 03:00 AM[UK] 'Rising costs mean difficult decisions' - hospices BBC News, Somerset, UK; by Bea Swallow; 3/1/25 Hospice charities have warned "difficult decisions" could be on the horizon unless changes are made to "restrictive" government funding. On Wednesday, the government announced the release of £25 million for hospices across England, but this is reserved for facility upgrades and refurbishments only. ... Facing a "significant rise" in demand and costs, hospices across the country have been rallying for a more sustainable, long-term funding solution for the sector. ... Penny Agent, chief operating officer for Dorothy House, said unless it received support with staffing costs, it would have no choice but to cut back on services.
Palliative care advocates at the World Health Organization Executive Board Meeting
02/28/25 at 03:00 AMPalliative care advocates at the World Health Organization executive board meeting ehospice; by Stephen Connor, Executive Director WHPCA; 2/19/25 The World Health Organization (WHO) is in turmoil with the planned withdrawal of funding and membership from the USA. About 20% of the WHO budget is from the US and withdrawal of all USAID funding is causing serious problems worldwide. Many member states are increasing their dues to WHO to help offset this loss, but these are difficult times for public health. These issues were front and center at the meeting of the WHO Executive Board 3-11 February.
House sets up potential Medicaid cuts with budget bill passage
02/28/25 at 03:00 AMHouse sets up potential Medicaid cuts with budget bill passage Modern Healthcare; by Michael McAliff; 2/25/25 Republicans in the House took the first step Tuesday [2/25] toward steep potential healthcare cuts, passing a budget resolution that aims to trim spending by at least $1.5 trillion while also adding trillions to the debt to fund tax cuts. The House voted 217-215 on nearly party lines to begin what is known as budget reconciliation, passing a budget resolution that instructs committees to come up with cuts or extend tax cuts that largely benefit the wealthy. The bill mandates the House Energy and Commerce Committee, which oversees Medicaid and Medicare, come up with the majority of the savings, and cut $880 billion.
[UK] Hospices receive multi-million pound boost to improve facilities
02/27/25 at 03:10 AM[England] Hospices receive multi-million pound boost to improve facilities Department of Health and Social Care, United Kingdom; by HM Treasury an Stephen Kinnock MP; 2/26/25Hospices will begin receiving £25 million for facility upgrades and refurbishments from today as part of the biggest investment into hospices in a generation. The cash will be distributed immediately for the 2024/25 financial year, with a further £75 million to follow from April. More than 170 hospices across the country will receive funding, including those run by Marie Curie and Sue Ryder, as well as independent hospices like Zoe’s Place in Liverpool. ... Minister for Care Stephen Kinnock said: "This is the largest investment in a generation to help transform hospice facilities across England. ..."
Study shows end-of-life cancer care lacking for Medicare patients
02/25/25 at 03:00 AMStudy shows end-of-life cancer care lacking for Medicare patients Vanderbilt University Medical Center (VUMC) News; by Tom Wilemon; 2/21/25 The study involved patients of diverse ethnic backgrounds age 66 or older who died from breast, prostate, pancreatic or lung cancers. Many Medicare patients with advanced cancer receive potentially aggressive treatment at the expense of supportive care, according to a study that analyzed Medicare records. The study, published Feb. 21 in JAMA Health Forum, examined the quality of end-of-life care among 33,744 Medicare decedents. ... Overall, claims records showed that 45% of the patients experienced potentially aggressive care (such as multiple acute care visits within days of death), while there was a low receipt of supportive care, such as palliative, hospice and advanced care planning in the last six months of life. While hospice care spiked to more than 70% during the month that death occurred, over 16% of patients spent less than 3 days in hospices. Moreover, receipt of advanced care planning and palliative care remained below 25%. Editor's note: Click here for the research article, "Contemporary Patterns of End-of-Life Care Among Medicare Beneficiaries With Advanced Cancer." Though this research was published just this past Friday February 21, 2025, multiple newsletters are posting it, highlighting different elements.
Home health, hospice CEO average pay tops $400K: report
02/25/25 at 02:00 AMHome health, hospice CEO average pay tops $400K: report McKnights Home Care; by Adam Healy; 2/19/25 The Hospital & Healthcare Compensation Service’s newly released 2024-2025 Multi-Facility Corporate Compensation Report offered an in-depth look at home health and hospice executives’ average earnings. The average CEO salary at a multifacility home health and hospice firm was $403,000, with the top 10% earning $603,000 and the bottom 10% making $278,000. Average salaries varied among other C-suite executives, with chief operating officers earning $247,000, top financial executives earning $265,000, and chief medical officers earning $285,000, on average, according to the report.
[Cyberattack:] Ascension recoups $1B in advance payments
02/24/25 at 03:00 AMAscension recoups $1B in advance payments Becker's Hospital CFO Report; by Alan Condon; 2/19/25 St. Louis-based Ascension has recouped about $1 billion in advance payments from Medicare and certain commercial payers related to disruptions from the May ransomware attack that affected the health system as well as the February 2024 Change Healthcare cyberattack. "The advance payments helped to mitigate the unfavorable cash flow impacts associated with the aforementioned cyber incidents as revenue cycle processes continue to ramp towards recovery," the health system said in financial documents published Feb. 17. "In accordance with the terms and conditions of the programs, recoupments began in FY24 with all payments being fully recouped at Dec. 31, 2024."
New House resolution would throw out 2025 home health rule
02/18/25 at 03:00 AMNew House resolution would throw out 2025 home health rule McKnights Home Care; by Liza Berger; 2/14/25 Rep. Andrew Clyde (R-GA) on Wednesday introduced a resolution for Congress to disapprove of the 2025 home health payment rule. The resolution was referred to the Committee on Ways and Means in addition to the Committee on Energy and Commerce. Home health providers and advocates have been pushing for Congress to stop the rule, which gives an aggregate 0.5% bump for home health providers but inflicts a permanent behavioral adjustment of -1.975%. ... In 2023, the National Association for Home Care & Hospice (now the National Alliance for Care at Home) sued the Department of Health and Human Services to block Medicare rate cuts.
What's keeping CFOs up at night?
02/18/25 at 02:00 AMWhat's keeping CFOs up at night? Becker's Hospital CFO Report; by Alan Condon; 2/14/25 As health system CFOs chart their course for 2025, they face an increasingly complex financial landscape marked by mounting labor costs, tightening margins, shifting payer dynamics and an evolving regulatory environment. ... [Several] CFOs recently joined the “Becker's CFO and Revenue Cycle Podcast” to discuss the trends they're watching most closely — and the strategies they're deploying to stay ahead. [Key items include the following: labor shortages (key theme); major investments in ambulatory care facilities; AI to support operations and service; physician partnerships; shift from fee for service to value-based care; clinical labor; malpractice litigation; growth of Medicare Advantage programs; staffing shortages; inflation; reimbursements; providing care to undersinsured patients; Medicaid supplemental funding programs; "disruptors' by private equity and "other nontraditional players"; uncertainty of federal and state regulation changes.]
Hospice provider sues to demand denied employee retention credit
02/17/25 at 03:00 AMHospice provider sues to demand denied employee retention credit Bloomberg Law; by Tristan Navera; 2/13/25 Hospice healthcare provider Passages LLC is contesting the IRS denial of a $663,000 employee retention credit, arguing that it’s eligible for the coronavirus incentive program due to the disruptions it faced during the pandemic. The New Orleans-based company said the IRS wrongly denied its claim for the ERC credit—a program that reimbursed companies for keeping workers on the payroll during the economic disruption caused by Covid-19—for one quarter of 2021. The company endured partial suspension of its operations and should qualify, it told the US District Court for the Eastern District of Louisiana.
This 1970s TV actor left his entire – surprisingly large – fortune to the state that made him world famous
02/14/25 at 02:15 AMThis 1970s TV actor left his entire – surprisingly large – fortune to the state that made him world famous Celebrity Net Worth; by Paula Wilson; 2/12/25 When you pass away, what will be your legacy? ... For 1970s actor Jack Ward, greatness meant leaving behind a gift. A surprisingly large gift that would keep on giving for many years after he was gone, benefitting the people of the state that made him famous… and rich… In 1968, he began appearing as Steve McGarrett on the cop show, "Hawaii 5-0." The popular cop show ran for the next twelve years. ... By the time Jack died in 1998, they had given the [Hawaii Community Foundation] $750,000. ... [Among the foundation's recipients ...] Hospice Hawai'i and St. Francis Hospice have been bolstered by the Lord Fund, .... The stable annual support has helped hospice programs expand outreach and grief counseling services for island residents.
Medicare's 2025 physician pay cut, explained
02/11/25 at 03:00 AMMedicare's 2025 physician pay cut, explainedBecker's Hospital CFO Report; by Stefanie Asin; 2/5/25 As of Jan. 1, Medicare is paying physicians almost 3% less than last year for services provided to the country's 66 million Medicare patients. The decreased payments aren't a surprise or anything new, as CMS, by law, must keep physician payments budget neutral (cannot raise total Medicare spending by more than $20 million in a year). As a result, since 2020, Medicare has cut physician pay each year ... [Click on the title's link to continue reading these items.]
Flat MaineCare rates force home health company to discharge pediatric patients
02/11/25 at 03:00 AMFlat MaineCare rates force home health company to discharge pediatric patients NBC News Center Maine, Lewiston, ME; by Vivien Leigh; 2/7/25 A home health company is lobbying state health officials to adopt a funding plan to ensure kids with severe health needs don't fall through the cracks. Andwell Health Partners provides nursing, therapy, and services to nearly 900 children across six counties. The majority of those kids are on MaineCare, the state's version of Medicaid. But the company said it has no choice but to discharge patients because of a lack of increase in reimbursement rates. ... Lindsay Hammes, spokesperson with Maine DHHS, released a statement to News Center Maine. "... MaineCare has been working with providers and partners, including Andwell, on a palliative care model that would, among other populations, cover children with medical complexity. We are in the rate-setting stage for this model."
Chapters Health system names new Executive Director and Chief Development Officer of the Foundation for Chapters Health Foundation
02/11/25 at 02:00 AMChapters Health system names new Executive Director and Chief Development Officer of the Foundation for Chapters Health Foundation Cision PR Web, Temple Terrace, FL; by Chapters Health System; 2/6/25 Chapters Health System ... announced the appointment of Franklin Guerrero as the new Executive Director and Chief Development Officer of the Chapters Health Foundation. Guerrero, accomplished fundraising executive with more than 20 years of experience in developing successful fundraising strategies, previously served as the Vice President of Major and Planned Gifts at Capital Caring Health, a Chapters Health affiliate organization. He also partnered with leadership at organizations such as AARP Foundation, Hispanic Scholarship Fund, Project HOPE, USA for UNHCR and Children International.
After 'code issue,' veterans no longer receive free care at UP hospice site
02/07/25 at 03:00 AMAfter 'code issue,' veterans no longer receive free care at UP hospice site MyUpNow.com, Houghton, MI; by Thomas Fournier; 2/5/25 For a veteran staying at hospice care facility, it's important family can visit, especially in rural areas. But what happens when their facility no longer qualifies as a hospice facility for the Veteran's Health Administration (VHA)? Omega House Executive Director Mike Lutz said he received a call from the local Veteran's Affairs (VA) office in Iron Mountain late December 2024 informing him that they would "no longer be servicing veterans at Omega House." ... Veterans who would usually receive a reimbursement through the VA for their hospice care would no longer be able to find that at Omega House, leaving them to get their care 100 miles away or more.
Why drug prices & modern tech matter in hospice care, too, with Nick Opalich
01/28/25 at 03:00 AMWhy drug prices & modern tech matter in hospice care, too, with Nick Opalich Capital Rx; podcast with Nick Opalich; 1/24/25 For Episode 51 of the Astonishing Healthcare podcast, we spoke with Nick Opalich, CEO of HospiceChoice Rx. We learned about how end-of-life care is evolving in the U.S., including the roles pharmacy and technology play in the hospice industry. Nick discusses some similarities between the hospice pharmacy benefit management (PBM) and commercial PBM spaces, such as the importance of a great pharmacy network and independent pharmacies, why the drug price index matters (NADAC vs. AWP), medication access, and disconnected systems. A former pharmacy owner himself, Nick explains the importance of helping hospice providers control drug spend, which is usually the second highest cost behind labor, and reimbursement trends/pressure.
Visiting Nurses Foundation awarded $132,000 in grant funding to Assured Hospice for comfort therapies in 2024
01/27/25 at 03:00 AMVisiting Nurses Foundation awarded $132,000 in grant funding to Assured Hospice for comfort therapies in 2024 The Chronical, Centralia, WA; by The Chronicle; 1/22/25 The Visiting Nurses Foundation awarded $132,000 in grant funding to Assured Hospice in 2024 to deliver essential comfort therapies to end-of-life patients across Washington state, the foundation announced Wednesday. "Since the partnership began in 2002 with a $600 grant, the program has expanded significantly, reaching hundreds of patients and their families each year," the Visiting Nurses Foundation said in a news release. Comfort therapies — including acupuncture, massage, music therapy, guided imagery and animal-assisted therapy — are proven to reduce pain, foster relaxation and enhance overall quality of life, the news release stated.
Big Bend Hospice opens new resale boutique benefiting local families
01/22/25 at 03:15 AMBig Bend Hospice opens new resale boutique benefiting local families Apalachicola The Times; by Bill Wertman; 1/15/25 At Big Bend Hospice (BBH), every decision we make is guided by our commitment to serving families across North Florida with compassion and care. For more than 40 years, we have been a cornerstone of support for patients with advanced illnesses and their loved ones. Today, I am proud to share an exciting new chapter in our story: the opening of Oak Tree Treasures, a resale shop located at 3260 Mahan Drive in Tallahassee. ... Oak Tree Treasures embodies our mission of ensuring every family has access to the highest quality hospice care, regardless of financial barriers. All proceeds directly support our hospice services and therapeutic programs, bringing comfort and dignity to families during life’s most challenging moments.
CMS announces updated Medicaid eligibility standards for 2025
01/21/25 at 03:00 AMCMS announces updated Medicaid eligibility standards for 2025 McKnights Senior Living; by Lois A. Bowers; 1/17/25 The Centers for Medicare & Medicaid Services on Friday released an informational bulletin with updated federal poverty level standards applied to eligibility criteria for Medicaid. The 2025 guidelines reflect a 2.9% price increase between calendar years 2023 and 2024, the agency said. For 2025, the poverty guideline in all states except Alaska and Hawaii is $15,650 for a one-person family/household and $21,150 for a two-person family/household. The 2025 standards for individuals dually eligible for Medicare and Medicaid: [Click on the title's link to continue reading.]
The 'paradigm shift’ of hospice service diversification
01/21/25 at 03:00 AMThe 'paradigm shift’ of hospice service diversification Hospice News; by Holly Vossel; 1/17/25 Some hospices have delved deeper into service diversification to improve timely access and expand their patient reach, while others remain focused on end-of-life care delivery. The decision to launch into new service realms can come with a range of operational and reimbursement questions. Among the keys to diversifying services is establishing a business infrastructure that allows for innovative growth based on communities’ needs, according to Leslie Campbell, COO of Touchstone Communities. The San Antonio, Texas-headquartered company provides hospice, home health, veterans services, assisted living and skilled nursing services. ... Hospice leaders need to ensure that both back-office administrative and interdisciplinary teams are educated on how business growth impacts them, particularly when it comes to quality and compliance across the care continuum, Campbell stated.
3 nurse specialties with highest, lowest pay
01/14/25 at 02:00 AM3 nurse specialties with highest, lowest pay Becker's Hospital Review; by Kelly Gooch; 1/13/25 From January through July 2024, staff registered nurses involved in direct patient care saw their median base pay increase by 2%, compared to 1.4% for those in indirect patient care. However, RNs involved in direct and indirect patient care were poised for annual increases of 3% to 4% to close out 2024. ... The survey includes six-month percentage change data from January through July 2024. It is based on data from more than 700 participating organizations, representing approximately 358,000 individuals across over 115 nursing roles, including RNs, nursing managers and licensed practical nurses. [Click on the title's link for this important data.]