Hospice services include comprehensive palliative medical care for the terminally ill of all ages and their families. Treatment concentrates on the reduction or abatement of disease symptoms, rather than treatment aimed at a cure. Typically hospice care is provided in a patient’s home, but hospice services may be provided in nursing facilities and other inpatient settings.
Hospices rely on the combined knowledge of an interdisciplinary team of professionals to coordinate an individualized plan of care for each patient and family, which include physicians, nurses, medical social workers, therapists, counselors, hospice aides, and volunteers. Given the individualization of hospice care plans, understanding the current and required level of staff is important. Challenges include determining the level of staff required to meet projected volume, as well as local labor market influences.
VMG Health has insight into the latest trends and services provided by Hospice agencies. As a result we can rapidly assist in providing a fair market valuation for a Hospice agency.