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All posts tagged with “Hospice Provider News | Operations News | Financial.”
Blumenauer proposes overhaul to Hospice Benefit
09/28/24 at 03:00 AMBlumenauer proposes overhaul to Hospice Benefit: If enacted, the legislation would be the single most significant update to the hospice benefit and payment structure since its inception in 1982.U.S. Congressman Earl Blumenauer, Washington, DC; Press Release; 9/26/24Today, Congressman Earl Blumenauer (D-OR), a senior member of the Ways and Means Committee, introduced the Hospice Care Accountability, Reform and Enforcement Act (Hospice CARE Act) to modernize Medicare’s hospice benefit, which has remained largely unchanged since its inception in 1982. The proposal comes as egregious reportsof fraud and abuse within the benefit persist, despite action from Centers for Medicare & Medicaid Services (CMS). The legislation is the product of years of collaboration between stakeholders, lawmakers, and industry leaders. It builds on Blumenauer’s decades-long commitment to ensure the federal government supports families at a time of great stress and vulnerability: the end of life.
Spending on home healthcare outpaces others for 4th consecutive month
09/27/24 at 03:00 AMSpending on home healthcare outpaces others for 4th consecutive month McKnights Senior Living; by Kathleen Steele Gaivin; 9/26/24 Spending on home healthcare continued to outpace the rest of the sector in August, according to Altarum’s monthly Health Sector Economic Indicators brief, released Wednesday. “This is the fourth successive month in which we have observed such rapid growth. Year-over-year home healthcare spending growth for the four-month period from April through July was 19.7%,” George Miller, PhD, Altarum fellow and research team leader, told the McKnight’s Business Daily. Overall, healthcare costs were 2.7% higher last month than they were in August 2023 and 0.2% percent lower than they were in July, according to Altarum. ... Nursing and residential care employment, however, declined by 2,600 jobs in August. ...
BREAKING NEWS: 9/27/2024 11:45 am - Blumenauer proposes overhaul to Hospice Benefit:
09/27/24 at 03:00 AMBREAKING NEWS: 9/27/2024 11:45 am - Blumenauer proposes overhaul to Hospice Benefit: If enacted, the legislation would be the single most significant update to the hospice benefit and payment structure since its inception in 1982.
HopeHealth CMO: Hospice rules for ‘unrelated care’ getting stricter
09/26/24 at 03:00 AMHopeHealth CMO: Hospice rules for ‘unrelated care’ getting stricter Hospice News; by Jim Parker; 9/25/24 Dr. Ed Martin began working in hospice in 1987 after hearing families talk about their experiences with those services. Today, he is chief medical officer of Rhode Island-based HopeHealth. The more than 50-year-old nonprofit organization also serves parts of Massachusetts. Martin recently spoke about the complicated issue of care that is deemed “unrelated” to a patient’s terminal diagnosis at the National Hospice and Palliative Care Organization’s Annual Leadership Conference in Denver. Hospice News sat down with Martin at the conference to discuss how he and his organization are addressing the matter of unrelated care, as well as the efficacy of requirements for an addendum to the election statement. [Click on the title's link to continue reading this interview.]
The ROI of interoperability in home health
09/19/24 at 03:00 AMThe ROI of interoperability in home health Home Health Care News; by Elizabeth Ecker; 9/16/24 Today’s home-based care organizations know there is value in interoperability among their technology vendors. Allowing for seamless data integration as well as ease-of-use for staff and clinical professionals, interoperability is an important consideration for technology decisions in today’s operating environment. But what is the true value of interoperability, and how can home-based care agencies measure their return on investment? Several leading professionals share their perspectives on how they approach ROI calculations in their organizations.
Blue Ridge Hospice Thrift Shop reaches $1M milestone
09/19/24 at 03:00 AMBlue Ridge Hospice Thrift Shop reaches $1M milestone LoudonNow.com, Leesburg, VA; by Staff Report; 9/17/24 Blue Ridge Hospice Thrift Shop in Purcellville surpassed $1 million in sales this year, a threshold of success the organization attributes to unwavering community support. Money raised at the Main Street store supports its efforts to provide quality and compassionate care for those facing serious illness and end-of-life challenges. “Our thrift shops serve as windows into the living rooms of our community. They reflect the spirit of giving and caring that defines Loudoun County. Reaching the $1 million mark is not just a financial achievement that supports our purpose and mission-driven work; it’s a testament to the collective effort of a community that truly values and supports its neighbors,” President and CEO Jason Parsons stated.
Bayada Home Health Care settled nurses’ wages class action lawsuit for $13.5 million
09/16/24 at 03:00 AMBayada Home Health Care settled nurses’ wages class action lawsuit for $13.5 million Head Topics - Daily Botique; 9/13/24 The settlement, if approved by a judge, will cover nearly 11,000 Bayada nurses in Pennsylvania. Bayada Home Health Care Inc., one of the nation’s largest home care providers, agreed to settle a class-action lawsuit in Philadelphia alleging the company failed to pay nurses for time spent updating the incoming nurse or caregiver on a patient’s condition and for time spent in mandatory training sessions the $13.5 million Philadelphia Court of Common Pleas settlement.Editor's note: Additional information is behind a paywall at the Philadelphia Inquirer.
More home health providers sunset relationships with largest Medicare Advantage players
09/16/24 at 03:00 AMMore home health providers sunset relationships with largest Medicare Advantage players Home Health Care News; by Andrew Donlan; 9/13/24 Essentia Health--a regional nonprofit health system with a substantial home health arm--announced this week that it will no longer serve as an in-network provider for UnitedHealth Group. ... Dr. Cathy Cantor, Essentia’s chief medical officer for population health, said in a statement ... “The frequent denials and associated delays negatively impact our ability to provide the timely and appropriate care our patients deserve. This is the right thing to do for the people we are honored to serve.” Headquartered in Duluth [MN], Essentia Health provides care across Minnesota, Wisconsin and North Dakota. Its network includes about 15,000 employees, 14 hospitals, 78 clinics, six long-term care facilities, six assisted living and independent living facilities, and much more. It also has a robust home health and hospice business. The company has informed patients that it will no longer serve as an in-network provider for the above-mentioned MA payers beginning Jan. 1. ... Sanford Health, a health system based in Sioux Falls, South Dakota, announced a similar plan this week.
2024 NHPCO Facts and Figures Report now available
09/11/24 at 03:00 AM2024 NHPCO Facts and Figures Report now available National Alliance for Care at Home, Alexandria, VA and Washington, DC; Press Release; 9/10/242022 Data Show First Increase in Hospice Utilization Rates Since COVID The National Alliance for Care at Home (the Alliance) published the 2024 edition of National Hospice and Palliative Care Organization (NHPCO) Facts and Figures, an annual report on key data points related to the delivery of hospice care, including information on patient characteristics, location and level of care, Medicare hospice spending, and hospice providers. Facts and Figures – the leading resource for hospice providers and others interested in understanding the work of the community – has been published annually for over two decades by NHPCO. ... The findings in this report reflect patients who received care in Calendar Year (CY) 2022, or Fiscal Year (FY) 2022, provided by hospices certified by the Centers for Medicare and Medicaid Services (CMS) and reimbursed under the Medicare Hospice Benefit. This year COVID-19 continued to impact patient care as COVID-19 waivers were still in place through May 2023. These waivers included increased telehealth services. With 49.1% of all Medicare decedents in 2022 choosing hospice care, utilization of hospice increased in 2022 for the first time since 2019. The increase hints at a normalization of the utilization rates back to pre-COVID data. Hospice utilization rates increased across all race and ethnicity groups, with the largest increase among Hispanic Medicare beneficiaries seeing. The total number of beneficiaries enrolled in hospice care in 2022 was 1.72 million. Due to the unique impact of COVID-19 on 2020 data, those data are not included in many of the charts this year.
Humana to depart 13 Medicare Advantage markets
09/06/24 at 03:00 AMHumana to depart 13 Medicare Advantage markets Modern Healthcare; by Lauren Berryman; 9/4/24 Humana previewed its Medicare Advantage strategy for the coming plan year, including a decision to quit 13 counties where performance has been unsatisfactory, at the Wells Fargo Healthcare Conference on Wednesday. The Medicare Advantage heavyweight, which had 6.2 million members in those plans as of the second quarter, expects to lose a few hundred thousand enrollees in 2025 as it prioritizes profitable markets, Chief Financial Officer Susan Diamond told investors at the event in Everett, Massachusetts. In addition to leaving those 13 counties, Humana will offer fewer plans in some other areas, Diamond said. About 560,000 members will have to choose new policies for 2025, most of whom will have other Humana plans available to them, she said. ... Diamond did not specify what markets will be affected, but Humana will continue selling Medicare Advantage plans in every state. The company is committed to a presence in certain favorable regions, including south Florida, she said.
A wave of change is coming for healthcare benefits — are hospitals ready?
09/05/24 at 03:00 AMA wave of change is coming for healthcare benefits — are hospitals ready? Becker's Hospital CFO Report; by Jakob Emerson; 9/3/24Surveys of employers are making one thing clear: Healthcare costs are rising faster than they did before the pandemic, and those costs are being driven by inflation, the increasing use of weight loss medications, and higher overall medical expenses. ... As financial pressures mount, many employers are exploring or expanding alternative payment and coverage models, a trend that could significantly alter hospital's revenue streams. ... The average cost of employer-sponsored coverage is expected to jump 9% from 2024 to 2025, according to estimates from Aon published in August. Healthcare costs per employee are projected to surpass $16,000 per employee in 2025, driven by rising employment levels, inflation and rising pharmaceutical costs. In 2024, employers budgeted an average of $14,823 per employee for healthcare costs. These costs have risen by more than 20% over the past five years and by 43% over the past decade.
Hospice ‘pausing’ Martin-Linsin Residence while expanding home-care model
09/05/24 at 02:40 AMHospice ‘pausing’ Martin-Linsin Residence while expanding home-care model OrleansHub.com, Orleans County, NY; by Tom Rivers; 9/3/24 The Martin-Linsin Residence has temporarily closed or is on “pause” following a thorough analysis that showed “significant financial losses due to the increasing operational costs” at the residence, according to a statement this evening from Niagara Hospice, which is running Hospice of Orleans. The eight-unit residence opened in 2012 following a $2.3 million capital campaign. Martin-Linsin used to have a waiting list, but was down to one resident last week. No new residents had been admitted for about three weeks. The clinical staff also was laid off last week after the death of the remaining resident at Martin-Linsin, a Hospice employee said. Niagara Hospice, in its statement, said it is dedicated to caring for the local community, and hospice care “continues to be delivered throughout Orleans County without interruption.”
Seven-year-old finishes 145-mile charity challenge
09/04/24 at 03:15 AMSeven-year-old finishes 145-mile charity challenge BBC News, Northamptonshire, United Kingdom; by Brian Farmer; 9/2/24 A seven-year-old boy has raised more than £600 for charity after walking, cycling and scooting 145 miles over four months. Isaac Yates, from King's Cliffe, Northamptonshire, got into the habit of exercising on 1 May and completed his 145-mile (233km) challenge, in aid of the Sue Ryder Thorpe Hall Hospice in Peterborough, on 1 September. He has helped walk family dogs Poppy and Summer, ridden his bike, and scooted his scooter until the mileage totted up to his 145 target. The youngster added to the fun by logging his trips on an online Lord of the Rings game - which enabled him to take a virtual 145-mile journey through writer J. R. R. Tolkien's fictional Middle Earth with two Hobbits.Editor's Note: Pair this with today's article, Crisis in care for dying people says Marie Curie as survey shows suffering.
Hospice CARE Act would create reimbursement for high-acuity hospice services
08/21/24 at 03:00 AMHospice CARE Act would create reimbursement for high-acuity hospice services Hospice News; by Holly Vossel; 8/19/24 If enacted, the Hospice Care Accountability, Reform and Enforcement (Hospice CARE) Act could open up reimbursement pathways for high-acuity palliative services during a time when demand and costs are rising. Developed by U.S. Rep. Earl Blumenaur (D-Oregon) and announced in June at the Hospice News Elevate conference, the bill proposed massive reimbursement and regulatory changes to the Medicare Hospice Benefit. Currently in a discussion draft phase, the bill includes ways for hospice providers to have clearer definitions and improved payment for more intensive forms of palliation, such as radiation therapy, blood transfusions or dialysis, among others.
Hospice’s post-VBID value-based outlook
08/20/24 at 03:00 AMHospice’s post-VBID value-based outlook Hospice News; by Holly Vossel; 8/15/24 The post-Medicare Advantage hospice carve-in landscape could include wider value-based reimbursement avenues in the hospice space, leading providers to pivot into MA payer relationships. The forthcoming end of the hospice component of the value-based insurance design (VBID) demonstrative takes effect Dec. 31. Launched in 2021, the carve-in was designed to test coverage of hospice care through Medicare Advantage, as well as coverage of palliative and transitional care. Hospices will need a strong value-based payment negotiation strategy to prepare for the unknowns that lie ahead, according to Melinda Gaboury, co-owner and CEO of Healthcare Provider Solutions Inc., a hospice and home care consulting company.
Hospice care for those with dementia falls far short of meeting people’s needs at the end of life
08/20/24 at 02:00 AMHospice care for those with dementia falls far short of meeting people’s needs at the end of life University of Michigan; by Maria J. Silveira; 8/18/24 ... Strikingly, only 12% of Americans with dementia ever enroll in hospice. Among those who do, one-third are near death. This is in stark contrast to the cancer population: Patients over 60 with cancer enroll in hospice 70% of the time. In my experience caring for dementia patients, the underuse of hospice by dementia patients has more to do with how hospice is structured and paid for in the U.S. than it does patient preference or differences between cancer and dementia. ... In the U.S., ... Medicare’s rules and regulations make it hard for dementia patients to qualify for hospice when they and their families need support the most – long before death. In Canada, where hospice is structured entirely differently, 39% of dementia patients receive hospice care in the last year of life. ...
Biden administration says Medicare negotiated price discounts on 10 prescription drugs
08/16/24 at 03:00 AMBiden administration says Medicare negotiated price discounts on 10 prescription drugs USA Today; by Ken Alltucker; 8/15/24 ... The Biden administration announced Thursday that Medicare had negotiated discounts with pharmaceutical companies on 10 drugs prescribed to treat blood clots, cancer, heart disease and diabetes. The drugs are Eliquis, Jardiance, Xarelto, Januvia, Farxiga, Entresto, Enbrel, Imbruvica, Stelara, and the insulins Fiasp and NovoLog. The discounts will range from 38% to 79% when the negotiated prices take effect in 2026. The bargaining will save Medicare $6 billion when the price cuts are implemented in two years, according to U.S. Department of Health and Human Services estimates.
Capitalizing palliative care startups
08/16/24 at 03:00 AMCapitalizing palliative care startups Hospice News; by Jesse Floyd; 8/14/24 As a sector, most standalone palliative care providers are still maturing from startups into long-term, sustainable businesses. ... This means gathering the necessary startup capital to take a new palliative care provider from idea to execution is often the first tangible goal for hopeful entrants into the space. When Jonathan Fluhart and Tiffany Hughes set about getting PalliCare, their Texarkana, Texas-based palliative care provider from theory to reality, they ran headlong into this obstacle. ... “Initially, what we thought we would do is build a palliative program that would nest between the home health and hospice,” Fluhart said. “We started to go into the community to talk with facilities and places that we felt would benefit from our services. Once they learned that we were tied to a home health provider, especially a hospice, it turned them off.” They decided the answer was two-fold: Sever ties with the hospice care provider they worked for; then start casting about for investors. ...
The tangled web of pediatric palliative care payment and policy
08/15/24 at 03:00 AMThe tangled web of pediatric palliative care payment and policy Hospice News; by Holly Vossel; 8/13/24 A complex web of state regulations and reimbursement systems can challenge pediatric palliative care access for seriously ill children and their families. The nation’s fragmented health care system lacks clear guidance when it comes to navigating chronic, complex conditions in children, adolescents and young adults, according to Jonathan Cottor, CEO and founder of the National Center for Pediatric Palliative Care Homes. Much of the current state palliative regulations and reimbursement pathways focus on adult patient populations, representing a significant barrier to improved quality and support in the pediatric realm, Cottor said.
Inside one hospice’s battle for survival as it faces ‘incoming tsunami’ of need
08/15/24 at 03:00 AMInside one hospice’s battle for survival as it faces ‘incoming tsunami’ of need SwiftTeleca in South Boston, Virginia, with this article about Swindon, United Kingdom; by Shawn Butlere; 8/13/24Swindon’s Prospect Hospice is facing a £1million deficit this year. Hospices are receiving “woefully inadequate” funding to deal with an “incoming tsunami” of patients needing end-of-life care, a desperate sector leader has warned. ... Chief executive Jeremy Lune ... said: “Hospice funding is woefully inadequate at the moment – that is a fact. In the last 10 years, the amount that we receive from the NHS has not increased in real terms at all. “The cost of living crisis and so on mean that in real terms, it has decreased. And the need for hospice services is increasing. With an ageing population, people are living longer, they’re living with more conditions, and the funding simply doesn’t reflect that.”Editor's Note: USA hospice leaders, what themes and potential threats to our hospices are you seeing, especially in light of the new CMS Hospice Final Rule?
Letter: Closing Cottage of the Meadow [Hospice House] is a loss for all
08/14/24 at 03:30 AMLetter: Closing Cottage of the Meadow [Hospice House] is a loss for allYakima Herald-Republic, Yakima, WA; by Lee Murdock; 8/13/24, with news post from 8/5/24 [Letter] To the editor — I was devastated to learn that Cottage in the Meadow, our local hospice facility, is ending hospice care. Both of my parents were fortunate enough to spend their final days in this serene and caring environment. The difference between the overrun hospital setting with its short staffing and the compassionate, individualized care at Cottage in the Meadow was stark. This facility provided invaluable support not only to those at the end of life but also to their families. As our population ages, the need for such services will only increase. Studies have shown that hospice care can reduce healthcare costs by up to 30% compared to traditional hospital care (Journal of Palliative Medicine). Additionally, hospice care significantly reduces hospital readmissions and emergency room visits, further reducing healthcare costs (JAMA). In a healthcare system with ample profit margins, ensuring access to hospice care is the least we can do. ...Editor's Note: This letter to the editor was in response to Yakima Herald-Republic's 8/5/24 article, "Yakima's Cottage in the Meadow will close its hospice house. It will reopen as a skilled nursing facility."
Free CHAP Webinar: CMS Posts Final Hospice Rule - Quality changes and regulatory requirement
08/14/24 at 03:00 AMFree CHAP Webinar: CMS Posts Final Hospice Rule - Quality changes and regulatory requirement Community Health Accreditation Partner (CHAP); taught by Dr. Jennifer Kennedy; posted 8/13/24, webinar will be 8/21/24, 1:00-2:00 pm EDTCMS posted the final rule for hospice providers which drives big changes into motion for 2025. [Click here for the] Final FY 2025 Hospice Wage Index and Payment Rate Update/Quality Reporting Rule (CMS-1810-F), posted on the Federal Register on August 7, 2024. This free webinar will be taught by Jennifer Kennedy, Vice President, Quality, Compliance and Standards, CHAP. She spent many years as a leader and nurse in diverse healthcare settings with the past 25 years in hospice and palliative care. Dr. Kennedy came to CHAP in 2021 with a vision of moving the organization’s quality forward as “the” accreditation partner of choice for the majority of community-based providers. She believes no matter what type of care a patient receives or how many times they receive care, every experience should be of the highest quality. Webinar Objectives:
Hospices face ‘hard roads’ in budgeting for sustainable growth
08/12/24 at 02:00 AMHospices face ‘hard roads’ in budgeting for sustainable growthHospice News; by Holly Vossel; 8/9/24Hospice budgeting practices hinge on several factors, according to Matt Chadwick, CFO of Well Care Health. Building a sustainable financial structure for end-of-life care delivery can be a challenging feat when navigating the impacts of patient care and staffing needs, referral streams, operational expenses, billing claim cycles and compliance factors, Chadwick said... Quality and compliance are also important pieces of a hospices’ budget and growth potential as providers experience. Case in point, hospices that fail to comply with new quality reporting requirements set forth in the 2025 payment rule face a 4% penalty... “The budget should not just be solely 100% of the financial person’s responsibility,” Rachael Feeback, revenue cycle senior product manager of home and hospice at MatrixCare by ResMed, said. “It should be a conversation with the clinical side, the operational side, so that you’re understanding your different measurements for hospice and how that translates to the budget and not solely focused on the pure dollars behind it.”
Major acquisition fuels earnings success for VITAS in Q2
08/06/24 at 03:05 AMMajor acquisition fuels earnings success for VITAS in Q2McKnight's Home Care; by Adam Healy; 7/25/24VITAS Healthcare Corporation, the hospice subsidiary of Chemed Corporation, produced impressive second quarter earnings driven by workforce investments and a big-ticket acquisition [Covenant Health] that closed in April. In the quarter ended June 30, VITAS’ net income skyrocketed by 88.5% year-over-year to $49.2 million, according to an earnings report. Its revenues improved 16.7% to $374.5 million as patient admissions and average daily census increased by 11% and 14.4%, respectively, compared to the prior year quarter.
CMS 2025 Hospice Final Rule: Content and Initial Responses
08/01/24 at 02:00 AM[CMS Fact Sheet] Fiscal Year (FY) 2025 Hospice Payment Rate Update Final Rule (CMS-1810-F) CMS Fact Sheet - Final Rule (CMS-1810-F); 7/30/24 On July 30, 2024, the Centers for Medicare & Medicaid Services (CMS) issued a final rule (CMS-1810-F) updating Medicare hospice payment rates and the aggregate cap amount, for fiscal year (FY) 2025, in accordance with existing statutory and regulatory requirements. This rule also finalizes the proposal to adopt the most recent Office of Management and Budget (OMB) statistical area delineations, which impacts the hospice wage index and clarifies current policy related to the hospice “election statement” and the “notice of election” (NOE), as well as adds clarifying language regarding hospice admission and certification of terminal illness. The final rule summarizes public comments received related to the request for information regarding implementing a separate payment mechanism to account for high-intensity palliative care services. Editor's Note: Click here for the full Final Rule.