Welcome to the HRP Press Room
Date: July 8, 2008
Contact: Gina Dapuzzo
Phone: (732) 292-1100
Exclusive Survey: Nearly Three-Quarters Of Hospices Negatively Affected By Medicare Rates
MANASQUAN, N.J. -- Nearly 75 percent of hospices are negatively affected by current Medicare reimbursement rates, according to an exclusive survey from hospice letter.
The “2008 Hospice Reimbursement and CoP Survey” also found that an overwhelming number of participants believe that the proposed cuts will have devastating effects on the hospice industry as a whole.
“Our cost of care for a patient is approximately $20 more per patient, per day than the current Medicare reimbursement provides,” said Carolynn Peterson, chief operating officer of Community Hospice Inc., in her survey response.
With many hospices struggling in the current economic climate, rate cuts could severely diminish the ability for hospices to stay afloat.
“I think that the services will decrease. There is no other way for the hospices to make up the differences. I think in today’s climate few hospices will be able to fundraise enough to make up the difference,” said Charlene Farrell of Hospice of Huntington about the proposed cuts.
Not everyone surveyed shared the same opinion on Medicare rates and the possible effects on hospices.
One respondent said, “Anyone in the Medicare business is always prepared to adjust to changes in rates.”
For more information on hospice letter, visit http://www.healthresourcesonline.com/hospice/3nl.htm.
Address: hospic letter, Health Resources Publishing, 1913 Atlantic Ave., Suite 200, Manasquan, NJ 08736; (732) 292-1100, www.healthrespubs.com