Medications are a top expense for hospice providers, who are dependent on capitated per diem payments from Medicare. Hospices can’t increase the amount of their income per patient, so they must rely on creating efficiencies and effective cost management to raise their margins. In addition to medications themselves, hospices spend
HopeWest, a Grand Junction, Colo., nonprofit hospice provider, is building a new $12 million complex called the Center for Living Your Best to provide comprehensive services for seniors who wish to age in place. In addition to the center, the hospice is also launching handyman and lawn mowing and other
As hospice providers nationwide seek to integrate new medical and non-medical offerings into their portfolios, the National Partnership for Hospice Innovation has developed a forum for nonprofit, community-based hospices to provide mutual support on service diversification. Dubbed the Innovation Lab, the program will study new approaches deployed by the partnership’s
