Eli's Hospice Insider
Hospice News:
Florida-Based Hospice Provider Files Bankruptcy To Facilitate Sale
Published on Thu May 12, 2016
One hospice chain is facing the painful legacy of a whistleblower lawsuit. Jacksonville, Fla.-based American Hospice Management has filed for bankruptcy and plans to sell its assets, according to press reports. The company plans to sell its businesses in Texas and Virginia to “stalking horse bidder” Hospice Partners of America for $5.5 million in cash, court documents say. AHM also has locations in Arizona, Oklahoma, Georgia, and New Jersey. It serves about 600 patients and had $57 million in revenues last year.
The company settled a False Claims Act lawsuit in 2013 for $12 million and has lost money for years, law360.com reports. It has been unable to find a buyer without bankruptcy protection.
Other Articles in this issue of
Eli's Hospice Insider
- Reimbursement:
Medicare Payment Rates To Inch Up In 2017, According To Proposed Rule
Cap year switch to take place in 2017. A modest 2 percent pay increase could [...] - Quality:
2 New Quality Measures Proposed For Next Year
Medicare focus shifts from reimbursement to quality in 2017. Get ready to face the music [...] - Referrals:
Polish Your Processes In Preparation For Publicly Reported Ratings
Hospice Compare, 5-star ratings on deck in new proposed rule. You’ve had a lot of [...] - Assessment:
CMS Proposes Assessment Tool For Hospice Similar To OASIS, MDS
Data tool will shift focus away from processes. If you’ve been wondering if and when [...] - Education:
Spread The Word To Referring Physicians On ACP Billing Clarifications
CMS issues Advance Care Planning billing FAQ. Physicians who refer patients to your hospice can [...] - Hospice News:
Measure Your HIS Benchmark Compliance With New QAO Report
Are you at the 70 percent mark or higher? Check your new quarterly Quality Assessment [...] - Hospice News:
Hospice Fraud Case Stokes Public's Fear Of End Of Life Service
The FBI investigation of a hospice owner is dealing a blow to the public’s trust [...] - Hospice News:
Florida-Based Hospice Provider Files Bankruptcy To Facilitate Sale
One hospice chain is facing the painful legacy of a whistleblower lawsuit. Jacksonville, Fla.-based American [...] - Hospice News:
Compassus Buy Extends Service Area To 30 States
Genesis HealthCare plans to sell the majority of its home health and hospice operations to [...]
View All
