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All posts tagged with “Palliative Care Provider News | Operations News | Financial.”
22 states to increase minimum wage on Jan. 1
12/15/23 at 03:34 AM22 states to increase minimum wage on Jan. 1McKnight’s Senior LivingDecember 13, 2023Almost half of the states, along with 40 local jurisdictions, are set to ring in 2024 with increases to minimum wage, according to Polsinelli law firm. The 22 states with minimum wage increases coming in the new year: Alaska, Arizona, California, Colorado, Connecticut, Delaware, Hawaii, Illinois, Maine, Maryland, Michigan, Minnesota, Missouri, Montana, Nebraska, New Jersey, New York, Ohio, Rhode Island, South Dakota, Vermont and Washington.
Telehealth use among seniors back up to pandemic-era highs, one company claims
12/15/23 at 03:29 AMTelehealth use among seniors back up to pandemic-era highs, one company claimsMcKnight’s Senior LivingDecember 13, 2023Nearly all seniors in the US, an astonishing 97%, had at least one telehealth appointment this year, a new survey indicates. The data, which comes from remote platform operator Independa, indicates that telehealth usage among seniors has grown 20% over the past three years, nearly back up to the pandemic-era peak, when in-person options were not available.
Home Health Spending Begins To Climb Again Post-Pandemic
12/15/23 at 03:24 AMHome Health Spending Begins To Climb Again Post-PandemicHome Health Care NewsDecember 13, 2023After stalling in 2021, spending on home health care returned to a more normalized growth rate in 2022, according to a new analysis from the Office of the Actuary at the Centers for Medicare & Medicaid Services. Specifically, national health expenditures on home health care increased by 6% to $132.9 billion in 2022.
2023 NHPCO Facts and Figures Report Now Available
12/15/23 at 03:00 AM2023 NHPCO Facts and Figures Report Now AvailableNews ReleaseDecember 13, 2023Alexandria, VA—The National Hospice and Palliative Care Organization has published its 2023 edition of 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. NHPCO Facts and Figures is the leading resource for hospice providers and others interested in understanding the work of the community. Editor's Note: Click here to access NHPCO's Report
Palliative Care Yield Cost Savings Lymphoma Patients, But Racial Disparities Exist
12/14/23 at 03:26 AMPalliative Care Yield Cost Savings Lymphoma Patients, But Racial Disparities ExistPalliative Care NewsDecember 12, 2023Lymphoma patients who receive palliative care have fewer hospitalizations that those who do not, but racial and ethnic disparities persist. ... The study found that on average palliative care generated cost savings of $24,269 per patient. However, patients that identified as Black or Hispanic were much less likely to receive palliative care than white patients, reflecting widespread inequities in palliative care and the health care system at large, the research found.
Fix needed now—America’s long-term care financing system is broken
12/13/23 at 03:33 AMFix needed now—America’s long-term care financing system is brokenBy Katie Smith SloanThe HillDecember 11, 2023Nonprofit providers of aging services have been warning for decades that America’s system for financing long-term care is dangerously broken. The dedicated professionals serving older adults in nursing homes, home health agencies, hospice programs, and senior living communities have toiled side-by-side with families across the country to cobble together care and services for parents, friends, and neighbors—connecting the tattered pieces of our patchwork long-term care system in an effort to ensure dignity, comfort and independence as the needs of our loved ones change. The New York Times KFF Health News’ series “Dying Broke” aptly illustrates the impact of the United States’ insufficient approach to financing of long-term services and supports. It’s an important and unflinching look at how our country is failing us. ... We can do better. A comprehensive and equitable long-term care financing system would make all the difference. The longer lives that many Americans will enjoy offers enormous potential for our nation. We must seize this opportunity and ensure that potential isn’t squelched by an oppressive and unfair long-term care financing system. The solutions are complicated—but smart approaches abound. The variable is political will. ... I urge our leaders to listen to the voices of their constituents, and join us in creating solutions. All of our futures depend on it.
Operating in the red
12/13/23 at 03:30 AMOperating in the redPuget Sound Business Journal (Seattle, WA)December 10, 2023... Across Washington, health systems representing 93% of the state’s beds have incurred more than $750 million in operational losses in the first half of 2023, according to data from the Washington State Hospital Association. ... Those losses were much steeper in 2022, but a majority of Washington hospitals are still operating at a deficit, burning through cash reserves to keep their doors open. Statewide, 17 hospitals have less than three months of operating costs in their reserves, per WSHA. ... “Folks have probably heard the term ‘no margin, no mission.’ So, no matter how foundational your mission statement is, if you don’t have the finances to run the organization, then there really can’t be a mission for you,” [EvergreenHealth Chief Medical and Quality Officer Dr. Ettorre] Palazzo said. ... As hospitals look for ways to stave off financial losses, they’re faced with another crisis—a population that is demonstrably sicker than it was prior to Covid 19. That’s leading to high hospital censuses and clogged emergency departments, further stressing hospital systems, employee well-being and financial viability.
Kansas’ unrivaled rural hospital crisis—58% at risk of closing, 82% lost money on patient care
12/13/23 at 03:23 AMKansas’ unrivaled rural hospital crisis—58% at risk of closing, 82% lost money on patient careKansas ReflectorDecember 12, 2023Topeka, KS—Financial weaknesses at four of every five rural Kansas hospitals provide leverage to Medicaid expansion advocates who are eager for the infusion of $680 million annually in new government investment into the state’s health care system. The Center for Healthcare Quality and Payment Reform says 84 of the state’s 102 rural hospitals recorded financial losses on patient services in the most recent year data is available. The health policy organization reports 59 of the state’s rural hospitals are in jeopardy of closing. Twenty-eight are at immediate risk of collapse. A health care delivery calamity has been building for years, as 10 of Kansas’ rural hospitals closed since 2005. ... “How much more evidence do we need that rural communities need our support to keep health care affordable and accessible?” said Democratic Gov. Laura Kelly. Kelly said expansion of Medicaid eligibility to about 150,000 lower-income Kansans will narrow coverage gaps and throw a lifeline to hospitals and communities. ... “We can only judge the impact of not expanding Medicaid by looking at the states around us that have,” Kelly said. ... Administrators at hospitals in Kansas are urging lawmakers to break from the 10 Southern and rural states that—so far—reject Medicaid expansion.
MedPAC draws fire with draft recommendations for massive home health cut, hospice rate freeze
12/13/23 at 03:19 AMMedPAC draws fire with draft recommendations for massive home health cut, hospice rate freezeMcKnight’s Home Care DailyDecember 12, 2023The Medicare Payment Advisory Commission offered initial recommendations for Congress to cut home health reimbursement by 7% and pause hospice payment updates in 2025. “The 2022 [home health] margins remain above 20%, higher than the long-run average of 16.8% since 2001,” Evan Christman, senior analyst at MedPAC, said during last Friday’s public meeting, according to a transcript. “Overall, these margins indicate that Medicare fee-for-service continues to pay well in excess of cost.” Part of the reason home health agencies reportedly saw margins of 22.2%, on average, according to Christman, is a decline in the number of visits per 30-day period. Since the implementation of the Patient-Driven Groupings Model in 2020, these visits have declined more than 15%; between 2021 and 2022, visits per 30 days declined 3.5%. Home health advocates were quick to dispute MedPAC’s claims. “There are many shortfalls in MedPAC’s home health margins report—starting with the fact that MedPAC’s analysis only captures a declining fraction of the Medicare home health population, ignoring that overall margins are low,” Joanne Cunningham, chief executive officer of the Partnership for Quality Home Healthcare, said in a statement. ... The Partnership and National Association for Home Care & Hospice cited poor methodology and data in the recent home health final rule, which contained a Medicare cut related to PDGM. MedPAC also recommended that Congress eliminate any payment updates for hospice providers in 2025.
In letter to CMS, lawmakers call for more MA transparency
12/12/23 at 03:14 AMIn letter to CMS, lawmakers call for more MA transparencyMcKnight’s Home Care DailyDecember 11, 2023Four senators demanded the Centers for Medicare & Medicaid Services make more data surrounding prior authorizations in Medicare Advantage publicly available. “In the last few years, federal watchdogs have released numerous reports examining concerning trends in MA,” Sens. Bill Cassidy, MD (R-LA), Elizabeth Warren (D-MA), Marsha Blackburn (R-TN) and Catherine Cortez Masto (D-NV), the letter’s signees, said in a statement. “Without publicly available plan-level data ... policymakers and regulators are unable to adequately oversee the program and legislate potential reforms.” The senators specifically requested CMS gather and publish data regarding prior authorization requests, denials and appeals, justifications for denials and the timeliness of prior authorization decisions.
Forced to work in a vacuum, MedPAC recommends another Medicare cut
12/12/23 at 03:10 AMForced to work in a vacuum, MedPAC recommends another Medicare cutMcKnight’s Long Term Care NewsDecember 11, 2023A Congressional advisory group appears ready to recommend a 3% Medicare pay cut for nursing homes in 2025. In what has become an annual tradition, members of the Medicare Payment Advisory Commission voiced ongoing concerns Friday about the use of Medicare Fee for Service reimbursement to effectively subsidize Medicaid rates and Medicare Advantage payments. With official data indicating that patients still have plenty of access to care, panel staff recommended MedPAC tell Congress that it should pursue a cut to Chair Michael Chernew, PhD, a healthcare policy professor at Harvard, said the 3% cut could be steeper given the reported margins. But the commission—tasked only with considering Medicare policy—remains cognizant of the pressures faced by providers accepting Medicaid and being increasingly low balled by managed care plans.
NJ extends Medicaid palliative care for poor and elderly
12/09/23 at 04:00 AMNJ extends Medicaid palliative care for poor and elderlyNJ Spotlight NewsDecember 7, 2023New Jersey plans to expand health insurance coverage so that low-income residents with a serious advanced illness can get pain relief and other palliative care at home, regardless of their prognosis, or if they live independently, in a nursing home or assisted living. The state Assembly is expected to take a final vote Thursday on bipartisan legislation that adds community-based palliative care—including specialized medical treatment, emotional and spiritual support and other services to improve patients’ quality of life—to the list of benefits Medicaid will pay for in New Jersey.
Palliative Care News’ Top 5 Stories of 2023
12/08/23 at 03:50 AMPalliative Care News’ Top 5 Stories of 2023Palliative Care NewsDecember 6, 2023A look back at Palliative Care News’ five most-read stories this year paints a picture of trends shaping the serious illness care space. Securing reimbursement—and the promise of value-based contracts—continues to be top of mind for many palliative care providers as they look ahead to 2024. Operators have their eyes on the ever-shifting payment landscape and the headwinds and opportunities that come with it. Meanwhile, more providers are increasingly working to address health disparities among underserved populations in various settings, including prisons and rural areas, among others. But in the midst of this, workforce shortages and clinical capacity issues remain obstacles to palliative care access. The following are the most-read Palliative Care News articles of 2023.
The Medicare Gold Rush Is Slowing Down
12/08/23 at 03:19 AMThe Medicare Gold Rush Is Slowing DownWall Street JournalDecember 6, 2023The popularity of private Medicare plans has been a huge driver of profits for insurance companies in recent years. There are signs the gold rush isn’t quite what it once was. ... The most immediate red flag came from the industry leader, UnitedHealth. During an investor day last week, it predicted its Medicare Advantage enrollment would grow by 450,000 to 550,000 seniors in 2024. That translates to around 5% growth next year, a significant slowdown from the 11% it grew so far this year, according to TD Cowen analyst Gary Taylor. As UnitedHealth executives were presenting in New York, The Wall Street Journal reported that the second-largest Medicare plan provider, Humana, was in merger talks with Cigna. While Cigna’s interest in Humana surely attests to insurers’ continued desire to expand into the Medicare market, some investors took it as a sign that Humana isn’t so sure about the strength of the business going forward.
Patient-centered medical homes can reduce care cost of chronically ill patients, study finds
12/07/23 at 03:07 AMPatient-centered medical homes can reduce care cost of chronically ill patients, study findsMcKnight’s Home Care DailyDecember 5, 2023High-cost patients receiving care through patient-centered medical home programs are less likely to remain high-cost in the long term, according to a recent study published in the American Journal of Managed Care. ... The researchers compared the healthcare expenditures and health outcomes of thousands of PCMH and non-PCMH patients across Maryland during the state’s Multi-Payer PCMH program. They found that high-cost patients, such as those with chronic conditions, frailty or greater rates of hospital or ambulance usage, experienced better health outcomes with less health service utilization.
How Value-Based Care, Investors Could Impact Palliative Care Staffing
12/06/23 at 04:00 AMHow Value-Based Care, Investors Could Impact Palliative Care StaffingPalliative Care NewsDecember 4, 2023Interest in palliative care is rising among job-seeking clinicians, but the influx remains too slow to meet rising demand. ... Though far more resources are needed, more opportunities for clinical palliative care training have been emerging in recent years, according to Dr. Nathan Goldstein, currently professor of geriatrics and palliative medicine at Icahn School of Medicine at Mount Sinai.