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News
Regulatory Hurdles Slowing Hospice Acquisitions
2+ hour, 17+ min ago (749+ words) Malte Luk / Pexels Regulatory uncertainty has been one of the biggest factors influencing mergers and acquisitions (M&A) in the home health and hospice sectors. In this interview, Cory Mertz, managing partner with the M&A advisory firm Mertz Taggart, discusses…...
Empassion Yields $60M in Cost Savings VIA ACO REACH
2+ week, 3+ day ago (400+ words) Empassion Health helped generate nearly $60 million in net Medicare cost savings in 2024 through its participation in the high-needs track of the Accountable Care Organization Realizing Equity, Access and Community Health (ACO REACH) program. Empassion’s gross savings through the payment model…...
CMS Reportedly Unresponsive to Hospice Payment Suspension Rebuttals
2+ mon, 1+ week ago (902+ words) The U.S. Centers for Medicare & Medicaid Services (CMS) has been largely unresponsive to hospices’ rebuttals to payment suspensions due to suspicion of fraud. Hospice News has spoken with 10 hospices that have received suspension letters; each indicated that the block on their…...
CMS Targeting Georgia, Ohio in Fraud Fight
2+ mon, 2+ week ago (555+ words) Leon Kohle / Pexels Ohio and Georgia are seeing a large influx of new hospice operators, leading some to suspect that fraud is becoming more prevalent in those states. Some new providers in Ohio are entering markets where patient needs do…...
Cotiviti VP: Patients Need Education to Combat Hospice Fraud
2+ mon, 2+ week ago (687+ words) Efforts to battle hospice fraud could be strengthened by education for patients and families on how to spot it. This is according to Erin Rutzler, vice president of fraud, waste and abuse at the health care data analytics firm Cotiviti....
Hospice M&A Valuations Ticking Upward
2+ mon, 4+ week ago (288+ words) Valuations and multiples for hospice assets in the M&A market are slowly crawling upwards as deal volume rebounds. The valuations from these larger platform deals have a “trickle down” effect on lower- and middle-market transactions, Mertz said. According to…...
Hospice Fraud a ‘Terrifying’ Beneficiary Protection Issue
3+ mon, 2+ week ago (497+ words) Widespread hospice and home health fraud in some U.S. markets represents failure to protect beneficiaries, according to stakeholders who appeared before the U.S. House of Representatives Ways & Means Committee on Tuesday. California is among the fraud hotspots that began to emerge in…...
Alliance Urges CMS to Revamp CRUSH Fraud Regulations
4+ mon, 1+ week ago (541+ words) The National Alliance for Care at Home has urged the U.S. Centers for Medicare & Medicaid Services (CMS) to reconsider its newly proposed regulatory strategy aimed at curbing health care fraud. CMS recently rolled out a request for information on its proposed…...
Hospice Groups: 2.4% Proposed Pay Raise Threatens Care Delivery
4+ mon, 1+ week ago (556+ words) Two of the nation’s largest hospice trade organizations decried a proposed 2.4% hospice base rate increase as inadequate in today’s financial climate. The U.S. Centers for Medicare & Medicaid Services (CMS) on Thursday issued its proposed payment rule for hospices in…...
Residential Home Health and Hospice Acquires Covenant
5+ mon, 2+ hour ago (233+ words) Residential Home Health and Hospice has acquired Covenant Home Health in Pennsylvania for a confidential amount. Covenant providers home health, private duty and supportive services throughout nine counties in its home state. The transaction will bring Residential’s footprint to two…...