NPHI Hosts Discussion on the Economic Outlook and Strategies for Hospice Agencies Given Acquisitions by Private Equity and Public Companies
Today, the National Partnership for Healthcare and Hospice Innovation (NPHI) was thrilled to hear from Dr. Robert “Tyler” Braun. Dr. Braun is a health services researcher and instructor at Weill Cornell Medical College. His research is focused on the organization of health care systems, with a particular interest in financing long-term care and the physician practices, the evolution of changes in the organization, and how this influences patient quality and cost of care.
This Member Engagement call offered members a look at the emerging end-of-life (EOL) healthcare landscape. Over the past three decades, the hospice industry has transitioned from a not-for-profit sector to one where nearly two-thirds of all agencies operate on a for-profit basis. The session also provided members with an opportunity to discuss issues relevant to their organizations with Dr. Braun and NPHI staff.
“We are thrilled to hear from recognized expert and researcher, Dr. Braun on strategies for hospice agencies to navigate the current climate of growing mergers and acquisitions by private equity firms,” said Tom Koutsoumpas, CEO of NPHI. “The relationships organizations like NPHI help craft coupled with the unique benefits not-for-profit care offers are more important now than ever to highlight. Stand-alone hospices, like many of our members, must differentiate themselves from the growing for-profit spaces; we look forward to continuing to engage with evidence-based research, like the recent study we conducted with Milliman, to best support our members and their patients.”
The conversation, entitled “NPHI Member Call: Economic Outlook and Strategies for Hospice Agencies Given Acquisitions by Private Equity and Public Companies,” was part of a biweekly series of NPHI-hosted discussions to address today’s pressing hospice topics through engagement with health policy experts, thought leaders, and other industry innovators.
The discussion was meant to present and educate NPHI’s membership on the current growth of large for-profit hospice chains and the role of private equity (PE) investment in this sector. Dr. Braun discussed the “explosion of private equity firms,” especially in the southeast region, the implications of financing hospice care, and how the unique needs of the aging U.S. population affect market trends, among other topics. Please click here to learn more about this series or how to become an NPHI member
About the National Partnership for Healthcare & Hospice Innovation
The National Partnership for Healthcare and Hospice Innovation (NPHI) is a collaborative of 75+ not-for-profit, community-integrated, advanced illness, and hospice providers from across the United States who play a unique role as a crucial safety net for the sickest, most vulnerable patients in the communities they serve. For more information, visit www.hospiceinnovations.org