Hospice News

DECEMBER 17, 2024

The future of health care includes the use of telehealth technologies that meet people where they are and [also] saves a lot of money, Fratkin told Hospice News.

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Hospice News

MAY 22, 2024

Palliative care traditionally loses money. The value in palliative care is cost savings. We lose money on the palliative care side, but we gain money in other departments. Jennifer Blechman, palliative care medical director at the Oregon-based nonprofit Partners in Care.

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Hospice News

NOVEMBER 8, 2023

Essentially they’re taking money from hospice to use for other programs that’s gone from about $50 million a year to almost a billion a year — 20x. What we’re asking for this year is that some of that money goes and it’s reinvested into surveys, surveyor competency, that sort of education.”

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Hospice News

JULY 17, 2024

During Q2, Optum’s home-based care arm contributed significantly to both revenue growth and cost savings, according to UnitedHealth Group CEO Andrew Witty. million home visits during 2023, which generated cost savings through reductions in hospitalizations and readmissions. Optum closed its $5.4 Optum clinicians made more than 2.5

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Hospice News

NOVEMBER 8, 2023

Beginning in 2018, WellSpan began to test that theory by examining financial metrics associated with its palliative care services, with a focus on cost savings. However, at one of their hospitals the savings were considerably higher, according to Bhatia. There was a 20% lower cost in one of the hospitals.

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Hospice News

MARCH 6, 2024

In a joint letter to congressional leaders in both chambers, these organizations maintained that these savings should be reinvested in hospice programs. “We Now hospice advocacy groups are contending that the money should go to efforts to improve hospice quality.

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Hospice News

JULY 30, 2024

“We are excited to make this investment with After.com, a business that operates with the utmost amount of respect and care for the families in its care while also saving them substantial time and money,” David Moross, chairman and CEO of HighPost said in a statement. “We

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Hospice News

DECEMBER 6, 2023

Palliative care’s continued expansion Palliative care leaders expect continued growth in 2024, driven by the proliferation of value-based payment models, greater recognition of these services’ quality improvement and cost savings potential. In addition to the expansion of existing programs, more are cropping up.

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Today's Caregiver

OCTOBER 5, 2022

The National Council on Aging (NCOA), the national voice for every person's right to age well, is encouraging all individuals with Medicare to evaluate their coverage during this year's Open Enrollment, which runs from October 15 through December 7,

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Hospice News

JULY 11, 2022

They want a daily-pay type of arrangement where they get their money closer to the time they are working. Many aren’t as interested in total compensation; they would rather have a higher wage now and worry about retirement savings later.”. “We are finding younger workers don’t connect with the bi-weekly check.

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Hospice News

MAY 20, 2024

It is a cost savings for the states and for the federal government, and it aligns exactly where older adults want to be. The idea from a money perspective is that, if you just do the right thing for your participants, you will keep them at home and well, which will save money overall.

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Hospice News

SEPTEMBER 26, 2024

This is an opportunity to do something in this Congress that is concrete, specific, that will save money and improve the quality of care for some of our most vulnerable people …” Blumenauer told Hospice News at Elevate. This is an essential part of being able to humanize the health care system to improve patient outcomes.”

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Hospice News

JUNE 9, 2023

“We have an opportunity to extend quality life and, ultimately, actually save the government money if we do it right.” Hospice advocates can now also draw on a new study that shows that longer hospice stays generate greater Medicare savings, as high as 11%. But they’ve always said that we cost too much money,” Lowry said.

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Hospice News

AUGUST 19, 2024

It’s just very hard to sustain when you’re losing money on 80% of your patients.” This is an opportunity to do something in Congress [with] this concrete, specific way that will save money and improve quality of care for some of our most vulnerable people.” Hospice News / Merz Photography Hospice News / Merz Photography U.S.

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Hospice News

JANUARY 3, 2024

It would direct CMS to establish a voluntary, full-risk payment track within the Medicare Shared Savings Program (MSSP). If an ACO invests in supporting palliative care and giving additional money to the palliative care program because of its potential impact on spending, then they have to give that money right now.”

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AlayaCare

JUNE 23, 2023

More time spent on repetitive and manual tasks equals more money spent on administrators and caregivers performing these tedious tasks. This allows your staff to focus on delivering quality care, minimizing the need for additional administrative personnel – saving you money in the long run.

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Hospice News

APRIL 23, 2024

The program is funded strictly out of savings in hospitals’ utilization, so we needed to test that,” he recalled. Over the course of the six-month pilot, providers received a 95% patient satisfaction rate, while saving $3 in hospital bills for every $1 spent toward palliative care.

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Hospice News

JANUARY 18, 2024

It’s spending a lot of time and money, and this care requires constant vigilance of heightened levels of anxiety caring for an unpredictable array of patient needs. It’s a win for the providers, a win for saving health care costs and for the patients and families who are getting that support.”

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Hospice News

SEPTEMBER 20, 2022

We just have never been able to get a claim on the savings around that.”. But what if we knew that having these conversations could actually save Medicare money?” As good as they are, they are not often able to show you the potential savings, or payers don’t even understand what the potential savings will be.”.

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Hospice News

MARCH 29, 2023

On one hand, longer hospice stays can lead to improved patient and family satisfaction and greater cost saving opportunities. But perhaps ironically, patients with longer hospice stays may ultimately save payers more money due to reductions in high acuity and other aggressive forms of care in a patients’ final year of life.

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Hospice News

OCTOBER 28, 2022

There are many other ways to make money. The launch required a large investment of personal funds, as well as a need to raise money from a range of other backers. More than once, he had to dip into personal savings to keep the company afloat or to make payroll. It was crazy. There are many other ways to live your life.

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Hospice News

SEPTEMBER 11, 2024

A lot of hospitals and doctors offices are becoming full-risk [Accountable Care Organizations (ACOs)], and that means they get X amount of money trying to manage those patients the best they can. Palliative care’s largest value proposition is its cost-savings potential, said Kristen Yntema, president and CEO of AuthoraCare Collective.

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Caring Senior Service

JANUARY 22, 2024

While many do not look forward to aging, there are some perks to getting older. One of the big benefits is getting senior discounts at some of your favorite retailers and restaurants. Here are some discounts seniors qualify for! Make sure to check the age because you can qualify for some discounts at just 50.

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Hospice News

AUGUST 12, 2022

Money isn’t everything. If workers are miserable at their jobs, throwing money at the issue won’t be enough, said Linton. The impact on work culture is that some might leave with that burden.”. Compensation plays a huge role in an employee’s decision to stay with a company, but other considerations may be equally important.

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Hospice News

JULY 20, 2022

If you’re able to truncate the number of nursing hours it takes to manage a complex symptom management visit, then the agency saves money; the patient is comfortable, and quality improves.”. Historically, the U.S. The collaborative began with three hospice members and now includes 11 organizations.

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Hospice News

MAY 1, 2023

Recognition of palliative care’s value has been steadily gaining among stakeholders in the form of improved patient outcomes and cost savings through reduced hospitalizations. Partnering with palliative care providers offers ACOs advantages as well, including significant cost savings, according Schramm.

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Hospice News

OCTOBER 19, 2023

That’s driving a larger majority of both nonprofit and for-profit growth to invest money in this care. Some see promise in leveraging technology in hospice care delivery, ultimately increasing the return on their investment through operational efficiencies and cost savings, Yecies stated.

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AlayaCare

AUGUST 19, 2022

If you have yet to implement a software solution, consider one that offers a mobile solution to really streamline processes, reduce spending and save your employees' valuable time. Check out AlayaCare’s mobile application: 4) Don’t Underestimate Technology. Rather than holding onto dated processes, take the time to step into the future.

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Hospice News

DECEMBER 13, 2024

. #1: FBI Arrests 5 in $15M Hospice Fraud Plot The FBI in June reported the arrest of five people in connection with a $15 million hospice fraud and money laundering scheme. Defendants were charged with conspiracy to commit health care fraud and aggravated identity theft and conspiracy to launder money.

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Hospice News

DECEMBER 2, 2022

“The clients of mine that get involved with equity funds for the most part are doing it because they’re getting some money out of it, but also because they’re getting new technologies that they need. ” Follow the money. Hospice costs money. It also saves money. The other side of the coin.

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Hospice News

SEPTEMBER 12, 2023

We’re going to be able to save some money financially on health insurance and on bringing contracts together and that sort of thing,” Lowry told Hospice News. “We We can look at both programs and see things that Trustbridge is really good at and the things the Empath is really good at and be able to share our best practices.

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AlayaCare

APRIL 26, 2023

Having the right home care software can greatly improve the efficiency and productivity of the agency, which in turn translates to improved revenue, cost savings, and overall better outcomes for clients. months, NCHA achieved an impressive 172% Return on Investment (ROI) and saved over $178,000 annually. It didn’t work.’

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Hospice News

AUGUST 4, 2023

Ultimately, savings is accrued from people being on hospice longer, it saves Medicare money in the long run with less hospitalizations and urgent care use,” Gurian told Hospice News. “We We would ultimately see those savings accrue by having people on hospice longer with more care coordination.”

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Hospice News

NOVEMBER 21, 2023

And, actually, if everybody had concierge medicine, we would save money. Really, overall from an aggregate point of view, primary care saves money, if people had good access to a primary care doctor and could talk to them whenever they need to. Everybody should have concierge medicine. of health care spending.

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Hospice News

JANUARY 22, 2024

There are very few domains where we can eliminate suffering and save huge amounts of money. The doctor uses what they have on hand and that costs a lot of money and that doesn’t reduce the suffering. Palliative care is extraordinarily effective in saving unnecessary expenses. Keep pitching in and you’ll never regret that.

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Hospice News

DECEMBER 14, 2023

The joint report published in March found that hospice care — regardless of length of stay — saves Medicare approximately $3.5 But those with stays of six months or more yielded the highest percentage of savings. billion for patients in their last year of life, a 3.1% What we found was actually the opposite.

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Hospice News

JUNE 13, 2024

This is an opportunity to do something in this Congress that is concrete, specific, that will save money and improve the quality of care for some of our most vulnerable people …” Blumenauer said. This is an essential part of being able to humanize the health care system to improve patient outcomes.”

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