Health Systems Expanding Into Hospice Could Disrupt …

Sep 23, 2022 · More hospitals and health systems are investing in hospice in a response to growing demand and the current strain on acute care services. Health systems are looking to …

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Health Systems Expanding Into Hospice Could Disrupt …

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Sep 23, 2022 · The recent expansion of services has its roots in HCA’s $400 million acquisition of an 80% stake in Brookdale Senior Living’s home health and hospice segment last year. The …

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Medicaid Expands Funding For Home And Community-based Care

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Oct 21, 2021 · An estimated $12.7 billion dollars in federal matching funds are available to "encourage states to expand home and community-based services ... hospice at home. "When …

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FAQs about Health Systems Expanding Into Hospice Could Disrupt … Coupon?

How has industry consolidation impacted the hospice industry?

The hospice industry has seen significant consolidation, with private equity buyers continuing to show strong interest in hospice assets. The health care system and the hospice community are grappling with the challenge of addressing inequitable access and quality of health care while also struggling to fill their ranks of employees. ...

How many providers are there in the home health & hospice sector?

The number of providers in the home health and hospice sector has been steadily increasing since the year 2000. In particular, the number of home healthcare agencies increased from 7,528 in the year 2000 to 11,300 in 2019. The number of hospice providers increased from 2,255 to 4,840 over the same time period. ...

How will the hospice and palliative care industry change in 2022?

The hospice and palliative care industries will continue to grapple with equitable access and quality of health care and the challenge of filling their ranks of employees during the year 2022. ...

Are hospices diversifying their services in 2024?

Palliative 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. ...

What drives the hospice market size?

Simultaneously, the hospice market size has increased 82% on a compound annual rate from 2013 to 2020. There are a number of factors driving this increase in utilization and market size, but the primary drivers are the aging U.S. population and the increasing acceptance and adoption of hospice services by both referring physicians and patients. ...

Why is hospice rebalancing compared to home health organizations?

A third factor is the rebalancing compared to home health organizations, as the dust settles from the implementation of the Patient-Driving Groupings Model (PDGM) for home health reimbursement. Reasons for these shifts include the aforementioned valuations and the reportedly more complex integration of acquired hospice assets. ...