Posted February 15, 2023
Offering hospice can be a game changer for skilled nursing and assisted living operators looking to stand out from competitors and improve patient reach.
Home-based care, including hospice, has become an increasingly attractive space for facility-based health care providers of all walks. Assisted living and skilled nursing facilities (SNFs) are beginning to offer hospice as a way to expand their business.
These initiatives allow SNFs the opportunity to stretch care outside of their four walls at a time of heavy operational strain, according to David Klementz, CEO of Traditions Health, a portfolio company of Dorillton Capital Partners.
“If you think about how they’ve taken on strains in their capacity, these post-acute services – home health and hospice – they can get patients out of very expensive settings,” Klementz told Hospice News at the Home Care 100 Conference. “They do the right thing for the patient, but don’t run these services like a hospice company runs it because it’s not a core business. [It’s] coordinating care with systems who will partner with you, collaborate with you to get the best patient outcome for you, because that’s their specialty. I don’t shy away from them getting into the space, as long as their quality of care and coordination of care with other settings is appropriate so the patient is getting the right outcome for their episode.”
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