In 2021 hospice providers took their first steps towards value-based payments while contending with a global pandemic. Industry consolidation proceeded apace, and the appetites of private equity buyers for hospice assets have not diminished. The health care system and the hospice community also continue to grapple with the challenge of addressing inequitable access and quality of health care while struggling to fill their ranks of employees.
“To date nearly 800,000 people have died and millions have suffered from the deadly virus, and the economic fallout is continuing to hurt health care providers, including hospices. Costs are rising, staff are strained, new hires are scarce and length of stay is lower.”
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