Literature Review

MA may be worth the gamble: How agencies can win at a new game HomeCare, by Lindsay Doak; 2/23/24 Over the past decade, a major shift has occurred in the Medicare market that many of us didn’t see coming: the takeover of Medicare Advantage (MA). ... This is a true game changer for the home health and hospice industry. ... So, how can agencies successfully contract with MA plans, while ensuring their costs are covered? This is where I like to refer to the wise words of Kenny Rogers’ “The Gambler,” who said, “If you’re gonna play the game…You gotta learn to play it right.”

New Jersey system gets historic 'A+' credit ratingBecker's Hospital CFO Report, by Alan Condon; 2/19/24Camden, N.J.-based Cooper University Health Care has earned an "A+" credit rating from Fitch Ratings after receiving two credit upgrades from S&P Global and Moody's since 2022. ... "Fitch's rating is another indicator that our focus on becoming an exceptional academic health system by managing our finances in a way that allows us to continue to grow to meet increasing demand from patients seeking the higher level of care our experts provide is the correct strategy," Cooper co-CEO Anthony Mazzarelli said.Editor's Note: Cooper University's Hospice and Palliative Medicine (HPM) Fellowship is an important component of their academic health system.

Ascension posts $708M quarterly turnaroundBecker's Hospital CFO Report, by Alan Condon; 2/19/24Ascension reported a net income of $359.5 million in the fiscal second quarter ending Dec. 31, which is a $708 million improvement on the $238.1 million net loss it reported during the same quarter in 2022. "We remain focused on improving hospital operations, ensuring sustainability for the future and making purposeful decisions that improve the health of individuals and the communities we are privileged to serve,"CFO Liz Foshage said. "Our Q2 quarterly results are a demonstration of this commitment and a signal that we continue to move in the right direction."

OBI says proposed bill would improve quality of life for at-home hospice patientsNews on 6; 2/16/24Our Blood Institute is bringing awareness to an Oklahoma Senate Bill it says would improve the quality of life for at-home hospice patients. The OBI said Senate Bill 2186 would make access to blood transfusions easier for end-of-life patients who receive care at home. 

Chapters CEO Andrew Molosky: Building an ecosystem of care around the seriously illHospice News, by Jim Parker; 2/13/24Going forward, hospice and other post-acute providers are preparing to operate within a value-based ecosystem, and Florida-based nonprofit Chapters Health System is no exception. ... The organization has been hard at work in recent years to position itself for risk-based relationships and build out a continuum of care for chronically and terminally ill patients, while maintaining positive employee engagement.

The nexus between palliative care and PACE programsHospice News, by Jim Parker; 2/14/24Palliative care is becoming an increasingly prevalent component of Programs for All-Inclusive Care of the Elderly (PACE) programs. PACE programs offer a comprehensive approach to care for participants who meet certain eligibility criteria, mainly to seniors who have significant medical and non-medical needs to help them age in place and avoid the hospital or nursing homes. PACE allows hospices to offer services to address social determinants of health, such as homemaking, transportation, home modification and others.

Senior living providers can tap into $25 million grant to develop dementia-specific respite servicesMcKnights Senior Living, by Kimberly Bonvissuto; 2/7/24Senior living operators who provide, or are considering providing, respite services for family caregivers of people living with dementia can apply for a piece of $20 million in grant funding. The Alzheimer’s Association will use a $25 million, five-year grant award from the US Department of Health and Human Services’ Administration for Community Living to establish a new Center for Dementia Respite Innovation tasked with making respite services and service providers more dementia-capable. 

Medicare Advantage profitability on the decline, Moody's findsHealthcare Finance, by Jeff Lagasse; 2/2/24A significant spike in utilization is putting cost pressure on insureres, which will likely affect earnings. While Medicare Advantage remains attractive to the healthcare industry due to strong growth, high revenue and earnings per member, profitability is on the decline, according to a new analysis by Moody's Investor Service.

Cancer facts & figures 2024American Cancer Society; 2024Cancer Facts & Figures 2024 is an educational companion for Cancer Statistics 2024, a scientific paper published in the American Cancer Society journal, CA: A Cancer Journal for Clinicians. These annual reports provide:

Facing the future: Home health providers gear up for 2024’s value-based care, M&A landscapesHome Health Care, by Andrew Donlan; 2/1/24Home-based care providers have faced many headwinds over the past few years. They’ll continue to do so in 2024. But uncertainty has also plagued providers, and there may be less of that this year. Providers know the threat of fee-for-service Medicare cuts. They know Medicare Advantage (MA) penetration is an unstoppable force. They know staffing woes will be a mainstay, even if the labor market nominally improves.

How hospices are diversifying their services in 2024Hospice News, by Holly Vossel; 1/31/24Palliative care, pediatric end-of-life care and end-of-life doula (EOLD) services are top of mind for hospices that are diversifying their services in 2024.Fewer than half of 143 respondents to Hospice News’ 2024 Outlook Survey, conducted with Homecare Homebase, reported that their hospice organizations would pursue new care types this year. But the aim of their service diversification efforts may indicate future trends. Service diversification trends in hospice could ramp up as value-based care models incentivize this path, according to Tony Kudner, chief strategy officer of the home-based care consulting company Transcend Strategy Group. 

Patty and Jay Baker reinforce palliative care at Mount Sinai: A significant stride towards enhanced patient care and medical trainingMedriva, by Zara Nwosu; 1/31/24The partnership between Patty and Jay Baker and Mount Sinai is much more than a financial investment. It represents a significant step forward in the advancement of palliative care. By focusing on both patient care and medical training, this initiative addresses the needs of the healthcare system from multiple angles. This comprehensive approach ensures that all aspects of care, from diagnosis to treatment, are improved.

As denials climb, MACPAC approves recommendations for managed care oversight McKnights Home Care, by Adam Healy; 1/29/24The Medicaid and CHIP Payment Advisory Commission on Friday approved seven recommendations to enhance congressional oversight of Medicaid managed care organizations as recent reports reveal startlingly high rates of prior authorization denials.