Our weekly list of news, reports, and information about home health and hospice care. Learn about new studies, trends, CMS regulations and more.
Hospice center is referred to as the place that provides end-of-life care to patients. At hospice, a team of health care professionals and volunteers provide care that focuses on palliation of seriously ill patients. They provide psychological, spiritual and medical support to the patient. The aim of hospice is to help diseased patients, who have less period of life span remaining, to have comfort, peace and dignity. The hospice market is increasing at faster pace majorly due to the increasing prevalence of the diseases among the growing aging population worldwide. According to the data of Centers for Disease Control and Prevention (CDS), in 2010 there were 40 million people who aged 65 and above in United States accounting for 13% of the total population and CDC projected that around 20% of the population of U.S. would be under this category by 2030.
It’s becoming very clear that the private equity industry and other investors are positioning themselves to take advantage of the United States’ generational tsunami by investing in the home health and hospice sectors. Investor interest in these healthcare subsectors has increased dramatically over the last several years. EBITDA multiples in the private markets for post-acute, home health and hospice providers are sky-high, averaging in the mid-teens in 2019, and nothing suggests a slowdown in investors’ appetite to acquire providers in these subsectors. Investment in the home health and hospice sectors likely is only just beginning — based on the demographic trends in the United States — and should continue strongly for the next several years.
Amedisys, Inc. (AMED), one of America's leading home health, hospice and personal care companies, today announced that Paul B. Kusserow, President and Chief Executive Officer, will present at the J.P. Morgan 38th Annual Healthcare Conference in San Francisco, California on Tuesday, January 14, 2020. The presentation will begin at 9:00 a.m. Pacific Time. To access a live webcast of the Amedisys presentation, please log on through our website at http://investors.amedisys.com.
A lack of health literacy may pose a barrier to patients receiving hospice or palliative care, including delaying their entry into hospice. Patients who lack an understanding of health care information or terminology, do not understand their own illnesses, or who misconstrue the nature of hospice or palliative care may lack the necessary tools to make an informed decision about their end-of-life wishes. Health literacy is the degree to which individuals can obtain, process and understand basic health information and services needed to make appropriate health decisions, according to the Institute of Medicine.