Officials of Hospice of Palm Beach County and Hospice by the Sea say their new partnership will mean comprehensive services and more coordinated care. There will be savings, but no layoffs. Will those savings, though, help patients or executives?
Revenues for both non-profits have increased, according to their latest filings with the federal government. Hospices, however, face increased costs and regulation, and lower reimbursements. Medicare pays for 84 percent of hospice patients’ bills. The ill-conceived “sequester” is responsible for a 2 percent reduction in Medicare payments.
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