What happens to care when private equity firms buy hospice providers?
What happens to care when private equity firms buy hospice providers?
KALW Public Media / 91.7 FM, Bay Area, CA; by Rose Aguilar and Nina Kissinger; 3/12/25
On this edition of Your Call, we discuss the rise of for-profit hospice agencies in the US and how that's affecting care. Between 2015 and 2022, 47 private equity firms bought 124 hospice providers. Though hospice began as a nonprofit, community-based service in the 1970s to provide specialized end-of-life care, over 70 percent of hospice providers are now for-profit, according to the CDC. What’s behind this alarming trend? And how is it affecting patient care and the right to transition with dignity?
uests: Dr. Ira Byock, palliative care physician, public advocate, founder of the Institute for Human Caring and Jennifer Moore Ballentine, CEO of the Coalition for Compassionate Care of California.