September 19,2022
Hospice providers are utilizing technology, cost control, and family caregiver support as a cost-saving measures for hospice providers.
Providers, many of whom are unstaffed, have sought ways to do more with fewer resources and to relieve some of the burden on employees. A range of operators have found solutions with innovative technology, though this means they had to take on the upfront costs.
CMS has raised the hospice per diems by 3.8% for Fiscal Year 2023, but many feel that amount is noy enough.
“While we believe the 3.8% update will be helpful in addressing the financial pressures hospices are experiencing, we have continuing concerns that it will not fully address current cost inflation and will seek support for further increases that would cover the increasing labor and other costs affecting hospice providers,” National Association for Home Care & Hospice President Bill Dombi previously told Hospice News.
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