Our weekly list of news, reports, and information about home health and hospice care. Learn about new studies, trends, CMS regulations and more.
Though the hospice space remains fragmented, mergers and acquisitions are driving up market share, particularly for large providers. Along with service diversification and application of emerging technologies, M&A is helping to drive growth among the organizations named in LexisNexis Top 100 Hospices of 2019. With 4.5% of market share, VITAS Healthcare, a subsidiary of Chemed Corp. (NYSE: CHE), is the largest hospice provider in the United States in 2019, followed by Kindred Healthcare, HCR Manorcare, Amedisys, Inc. (NASDAQ: AMED), and Seasons Hospice & Palliative Care in the top five, according to the report. “The annual rankings provide hospice providers with information to help them better understand their market positions, dynamics and environment for potential merger and acquisition activity and operational growth,” according to LexisNexis. “The insights also enable agencies to better tailor strategic planning, patient care and growth strategies by offering a detailed understanding of referral patterns and affiliations.”
In a new final rule, the U.S. Centers for Medicare & Medicaid Services (CMS) will permit physician assistants to send medication orders to hospices. Previously, only orders from physicians or nurse practitioners were acceptable. The rule becomes effective Jan. 1., 2020. Hospices can accept the orders from physician assistants as long as the PA is acting within the scope of practice requirements for their state. The PA must also be the patient’s attending physician and not employed by or contracted with a hospice. These orders are not within the PA scope of practice for every state, so some will be excluded.
Regulatory changes and renewed interest from private equity firms has had a major impact on the home health market over the past few years. That impact is easily observed just by looking at the list of largest home health providers in 2019. In order, Kindred at Home, Amedisys Inc. (Nasdaq: AMED) and LHC Group Inc. (Nasdaq: LHCG) were the three biggest home health providers in 2019, according to Atlanta-based data and technology firm LexisNexis Risk Solutions, a part of global analytics company RELX (NYSE: RELX). Encompass Health (NYSE: EHC) and AccentCare rounded out the top five.
What Are the Most Recent Trends in Palliative Care Market? Vitas Healthcare Corporation, Skilled Healthcare Group Incorporated, Sunrise Senior Living LLC, Kindred Healthcare Incorporated, Gentiva Health Services Incorporated
Palliative care helps to fortify the exceptional life of patients and their households facing the problems of great sickness. The essential center of attention of Palliative care is to furnish alleviation from symptoms and stress of a serious health problem. Their predominant goal is to reinforce the exceptional of life for each the sufferer and the household. Palliative care treats folks residing with a significant ailment reminiscent of melanoma, cardiac ailments akin to congestive heath failure, kidney failure, Alzheimer’s and plenty of more. It improves the satisfaction of a lifetime of the patient and supports the important general practitioner, patient, and family. Market Research Inc proclaims the obtainability of a new statistical data to its repository titled as, Palliative care Market. It covers the wide-ranging aspects of the businesses such as pillars, features, sales strategies, planning models to get better insights for the businesses. Furthermore, it throws light on recent developments and technological platforms, several tools, and methodologies that help to boost the performance of industries. This market to grow at a CAGR of +8% during the forecast period, according to the latest report.