Episode Transcript
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0:02
Welcome to TCNt alks . The
0:04
goal of our podcast is to provide
0:07
concise and relevant information
0:09
for busy hospice and palliative
0:11
care leaders and staff . We
0:14
understand your busy schedules and believe
0:16
that brevity signals respect
0:19
. And now here's
0:21
our host , Chris Comeaux
0:23
.
0:24
Hello and welcome to TCNt alks
0:26
. Our guest today is Mark Cohen . This
0:29
is Mark and I's monthly show that I
0:31
really do start to look forward to each month . Mark , it's
0:33
definitely made me up my game in reading
0:35
your actual hospice news today and
0:37
kind of distilling what's coming to us
0:39
. Mark , I want to pivot a little bit differently this
0:41
month as I queue you up . You've shared so many
0:43
great stories about your
0:45
wisdom , your experience . I'm
0:49
a little bit of a not a big
0:51
art connoisseur , but some of the best painters
0:53
are known after they're gone because people
0:55
didn't realize the amazing art they produce while they're
0:57
here . I kind of feel like that's
0:59
you , man . People don't realize the amazing
1:02
piece of art and what you do with those hospice
1:04
news today . But as I've done this with
1:06
you , I realize there's so much wisdom that you have
1:08
, and so I think I'm going to start asking
1:11
you each month Maybe , of course , we're going into
1:13
football season as well . So
1:15
almost that half-time advice , wisdom
1:18
that you would want to pay forward to hospice
1:20
palliative care leaders and your perspective .
1:24
Thanks , Chris . It's always a pleasure
1:26
to be with you , and it's an interesting
1:28
twist on how to start this
1:30
month's podcast . My
1:34
advice , I think , is recognizing
1:37
that hospices
1:39
today don't have the same communications
1:41
resources that they would have had
1:43
10 , 15 , 20 years ago . A
1:46
hospice that had a VP level communicator
1:49
20 years ago today maybe has a
1:51
senior manager doing that job , and
1:54
I see that reflected almost
1:56
daily in the
1:59
news releases that come across
2:02
my screen for hospice news today . And
2:04
I think I'll start
2:06
with the advice , and that is
2:08
if you've got , if all you've
2:10
got is a junior communicator
2:13
, a mid-level communicator in your hospice , because
2:16
that's all you can afford these days , there
2:19
are ways to supplement that . Get
2:21
a writing coach for
2:24
your in-house writer , whether
2:26
that's a volunteer , whether that's somebody
2:29
from a local college , whether
2:32
that's a retired PR person or
2:34
a retired journalist . Kids coming
2:36
out of journalism school today don't have the experience
2:38
, and they don't have the
2:40
same level of education . I
2:42
went to journalism school in the mid to late-70s . It
2:45
was a time when Watergate had
2:47
spurred a significant increase in
2:50
journalism school enrollment
2:52
, although I had actually decided on
2:55
a journalism major when I was in high school a
2:58
year before Watergate broke . Journalism
3:00
school at that time , though , was a very
3:03
different animal than it is today . The
3:05
emphasis was on print journalism , not
3:08
social media or broadcast journalism , and
3:11
therefore good writing and perfective
3:15
storytelling were the keys . It
3:17
was an era when your instructors
3:20
were burnt-out journalists and burnt-out
3:22
editors , and so
3:24
they would do things like throw erasers
3:27
at errant writers , rip
3:29
up your copy in front of the whole class , stand
3:32
in front of the class on the first day and
3:34
say this is tougher than you think it is . Half
3:36
of you will be gone by the end of the semester , and
3:39
they were right . I
3:41
even witnessed a professor pick
3:43
up a manual typewriter from a student's desk and
3:46
dump it in a metal-bent wastebasket
3:48
. Just to make the point , you
3:51
either learned how to write quickly and
3:54
correctly or you were soon
3:56
looking for another major , and so
3:58
it really pains me today to see
4:00
so many orally written news releases come
4:02
across my screen , as
4:04
I put together hospice news today
4:07
. Each day , news
4:09
releases with lead sentences that
4:11
are written in the passive voice have
4:13
to have to release , sometimes as written in the passive
4:15
voice . An example memories
4:18
were shared and tears were shed at
4:20
the 15th-angle butterfly release
4:22
by XYZ hospice . Another
4:25
problem news releases that begin with the least
4:27
important fact , which nine
4:30
out of ten times is the time element
4:32
. Today , memories were shared
4:34
and tears were shed at the 15th-angle
4:37
butterfly release by XYZ
4:39
hospice . Lead
4:41
sentences , like the entire news story
4:43
or news release generally , should be written in
4:46
what we were taught as the pyramid style
4:48
of journalism Most important
4:50
fact first , subsequent
4:52
facts cascading from the most important
4:54
to the least important . Time
4:58
element is almost never the
5:00
most important fact in the news story , but
5:03
it so often leads the news
5:05
releases I see . And
5:07
then there are the words I see in releases that
5:09
simply have no meaning in a press
5:11
release and they have no business
5:14
being in a press release . Words like
5:16
excited , thrilled , proud
5:18
, leased and the like
5:20
, as an editor I simply do
5:23
not care . Feelings
5:26
as a general rule are not
5:28
news and , in a similar
5:30
vein , inexperienced
5:32
writers strain to
5:34
use words to attribute simple
5:37
facts . So they'll say that he
5:39
shared or she expressed
5:41
a simple
5:43
fact and that is just
5:45
simply ridiculous . You know , expressed
5:48
is what a veterinarian does
5:50
to your cats or dogs anal glands
5:52
at a regular checkup . It is not
5:54
a word that is used
5:56
to describe the recitation of
5:59
a generally known fact . So
6:02
why does all this matter except
6:04
to me ? You know it's unprofessional
6:06
and there are still enough old
6:08
time editors out there Ed
6:11
Newspapers and in broadcast centers
6:13
that you ought not to
6:15
risk their wrath with
6:17
a crappy news release . So
6:20
again I go back to how I started
6:22
Find
6:26
the writing codes to help your writers . You
6:29
probably don't have an editor in house
6:31
, but find somebody
6:34
outside the organization who can
6:36
help your writers . It really will pay
6:39
dividends . Here's a final
6:41
hint . You can tell what
6:43
I think of a badly written press
6:45
release in Hospice News today , because
6:47
I will go out of my way to minimize
6:49
the amount of copy that I
6:51
use from a badly written release , because
6:54
I choose not to reward bad
6:56
writing .
6:58
Well , mark , that's priceless . We're
7:00
gonna have to pay that forward to a lot of the different marketing
7:03
departments that we have in communication departments
7:05
throughout our network . You probably
7:07
don't know this , but you've provided coaching to
7:09
me , not maybe overtly , it's just
7:11
who you are . I'm now writing
7:14
my first book and so there's a couple
7:16
of pearls I've gleaned along the way and I just know
7:18
I'm gonna bring my A game with you . My
7:21
mom would probably laugh and go . Chris
7:24
is bringing right grammar and actually
7:26
getting more precise in his writing . Knowing , having
7:28
grown up in South Louisiana , not exactly my strong
7:31
suit . It's more kind of doing what we're
7:33
doing right here in the podcast . So thank you for
7:35
the gift of paying that forward to me . I know it's made me a better
7:37
writer and I think that if a lot of
7:39
folks would go back and listen to what you just said , that's
7:41
like a master's class just now on
7:43
actually good communication and good writing . So
7:45
are you ready to jump in ? So , mark , as I
7:48
was doing my review , I have a perception
7:50
that the volume of articles went up pretty tremendously
7:53
this month . Was that an accurate perception
7:56
?
7:56
I think it was . It was more than just pure
7:58
hospice stories , also news
8:02
subjects on the periphery of hospice
8:04
throughout the post-acute continuum
8:07
. Huge number of stories , beginning
8:09
with long-term care , assisted living
8:12
and senior living , which had a record number of
8:14
articles in hospice news today in August
8:17
74 articles that
8:19
I ran in the past month
8:22
about those topics
8:24
. And you know there's good news , bad news there . The
8:26
good news is that there were 74 articles
8:29
about long-term care , senior
8:31
living , et cetera . The bad news most
8:33
of the articles were
8:35
negative , focus
8:38
on quality issues , labor problems
8:40
. They both gave closures
8:43
and bankruptcies a run for the money in August
8:45
. In terms of the sheer quantity of
8:48
news articles , it is
8:50
worth noting . Among the positive
8:52
reports were
8:55
news reports that said that census is continuing
8:57
to slowly rebuild from
9:00
the depths of the pandemic . But once again
9:02
, not a great month for
9:05
long-term care , assisted living and senior
9:07
living , unless all you're doing is
9:09
counting clips . General
9:12
hospice news with a lot of focus
9:14
on public policy and regulatory issues
9:16
generated 52 articles
9:18
that I ran in hospice news today in
9:21
August . Perhaps the biggest news
9:23
I think even bigger than the Medicare
9:26
payment update was the news that
9:28
CMS is considering quote
9:30
administrative action unquote
9:32
against 400 suspect
9:34
hospices , following
9:36
a lengthy review of each hospice location
9:39
. The media continue to refer
9:41
back to last December's pro-publica
9:43
investigation on fly-by-night
9:46
hospices , with repeated references
9:49
in news coverage of possible
9:51
reforms , and there was an absolutely
9:53
scathing column by Dr Ira
9:55
Bayak in stat news that
9:57
said that the first thing hospice should do
9:59
in terms of reform
10:02
is apologize for the abuses wrought
10:04
by the corporatization of
10:06
the sector . On
10:09
the other hand , news about hospice
10:11
community-based and mission-driven providers
10:14
came in third place last
10:16
month with 43 articles a distant
10:18
third place , but still a large number
10:21
of articles , as in months past
10:23
. Opening , closing and new construction
10:25
of inpatient units was the biggest
10:28
news , although the month ended
10:30
with an article about the 50th anniversary
10:32
plans of Connecticut Hospice
10:35
, the nation's first hospice . For-profit
10:39
providers were right behind , in fourth place
10:41
with 42 articles
10:43
in August . August is
10:45
earning season , so
10:47
stories about the numbers of publicly
10:50
traded hospices dominated
10:52
most of the coverage in August of
10:54
for-profit providers . The month
10:57
ended , however , with a bit of a bang
10:59
as the relatively new encompass
11:01
health spin-off in Habit Home
11:03
Health and Hospice announced it
11:05
was buckling to pressure from an activist
11:08
investor and will begin to examine
11:10
strategic opportunities that
11:12
could lead emphasis on the conditional
11:15
could lead to a sale or merger
11:18
. And right behind
11:20
that in fifth place was labor and
11:22
employment news , with 40 articles in
11:24
the month of August . Most
11:27
of the articles were about strikes , threats
11:29
to strike , labor settlements , votes
11:31
to unionize . The
11:34
most interesting series of
11:36
stories in the post-acute
11:39
sector in terms of labor news
11:41
came from Maine Health Care at Home , which
11:43
fire administration fired a couple
11:45
of nurses , allegedly for disciplinary
11:48
reasons , and that caused the unionized
11:50
nurses at Maine Health Care at Home
11:53
to vote no confidence in management
11:55
and the whole thing played
11:57
out in their local daily
11:59
newspaper in Portland , oregon
12:01
. You begin to see
12:03
a bit of a drop-off . After the top five categories
12:06
, m&a News had 32
12:08
articles in the month of August
12:11
. Hospice got its fair share , mostly
12:14
regarding the Department of Justice asking
12:16
for more information about the pending Optima-Medicis
12:20
merger . Also of note
12:22
if you read between the
12:24
lines , we got the final results of
12:27
the sale of the former not-for-profit
12:29
hospice of Chattanooga and its
12:31
affiliated hospices to
12:34
a for-profit hospice in Virginia , with
12:36
the spin-off foundation created
12:39
by the sale of those not-for-profit
12:41
assets receiving $103
12:44
million . So article didn't say
12:46
so , but I think you can assume that
12:49
all the bills have been paid , all the
12:51
settlements have been settled and
12:56
the folks who ran the hospice who now
12:58
run the foundation have $103
13:01
million with which to play In
13:04
the post-acute structure . In the broader
13:06
post-acute sector , struggling
13:08
Tabula Rasa , the pharmacy provider
13:10
and innovator , announced that it is
13:12
going private after
13:14
several years of bad financial
13:17
news . Seven
13:19
plates was grief and bereavement news . There
13:21
were 30 articles . August is
13:23
a great month for butterfly releases
13:25
and kids' grief camps . They
13:28
certainly dominated the
13:30
coverage of grief and bereavement . There were a couple
13:32
of stories in a column that
13:35
were of note because they were about the
13:37
summer concert tours of
13:40
Bruce Springsteen and Beyonce , both
13:43
of whom are featuring
13:45
original songs that spoke
13:47
to grief and recovery as
13:49
part of their concert sets , and
13:52
they touched a number
13:54
of people out there who
13:57
mentioned it and their local media coverage
13:59
of those concerts . Hospital
14:02
news was in eighth place with
14:04
28 articles . Bankruptcies and
14:06
closures dominated hospital
14:09
coverage again in August . There
14:12
were also several articles that
14:14
focused on the continuing or is
14:17
it the growing threat of
14:19
mass closures among rural hospitals
14:21
and as hospice providers
14:23
, it's always worth remembering that when a hospital
14:25
closes , the local hospices
14:28
can see a significant decline in
14:30
timely referrals . In fact , the entire
14:32
remaining local health provider
14:35
community usually suffers when
14:37
the local hospital closes significantly
14:40
downsizes . Ninth
14:43
place for me in terms of
14:45
sheer quantity were stories about
14:47
end of life care and palliative care . That were
14:49
26 last month . The largest
14:51
number of those articles focused really on
14:53
the cost savings and the efficiencies
14:56
that result from palliative care
14:58
and nice to say if
15:01
you're a not-for-profit . The tenth
15:03
category , with 23 articles
15:05
, was fundraising and development news . The
15:10
usual array of stories
15:12
about fundraising events , foundation
15:14
grants , corporate gifts
15:16
, which stories also
15:18
included a couple of rather sizable grants
15:21
for local hospice providers
15:23
and there were also a couple of articles
15:25
about hospice thrift shops which
15:28
can generate a lot of income for
15:31
the hospice they support and
15:33
which can drive for-profit providers
15:36
crazy because of the branding
15:38
and the market penetration
15:40
and the goodwill that thrift
15:43
stores can generate . We
15:46
are pretty nomead , pretty steep falloff to
15:49
the honorable mention for the
15:51
month of August . The
15:53
next half dozen categories were physician
15:55
and nursing news , home health
15:57
and private duty news , wish and
16:00
dream fulfillment stories , dementia
16:02
care news , which saw 10 articles , which
16:04
was pretty significant Huge
16:07
drop off with physician assisted suicide
16:09
, medical aid and dying only
16:11
nine articles . Legislatures are
16:14
out of session and so
16:16
the article this issue is getting
16:18
a lot less attention . Elder
16:20
news and aging care news
16:23
brought up the rear
16:25
for this half dozen of honorable mentions , with
16:27
nine articles . It's worth noting
16:29
that medical marijuana
16:32
has fallen off the charts again because
16:34
state legislators have
16:38
largely ended their work
16:40
for the year and
16:43
not making the honorable mention
16:45
, but still significant . There were five articles
16:47
in the last month about Jimmy
16:49
Carter's hospice journey and
16:52
they were all compelling , important
16:54
and affirming . So
16:57
that's my take on it from a quantitative
17:00
point of view , chris .
17:03
You know , mark , something occurred to me this month . I've been
17:05
wanting to ask you in your actual hospice
17:08
news today you have
17:10
kind of like a summary of the beginning , like in this
17:12
issue , and then you've got a title
17:14
and then kind of a little bit of a
17:16
paragraph or so explanation . Do
17:18
you choose that title , or is that always generated
17:21
by the actual title of the article ?
17:23
Well , the categories I chose as I
17:25
developed the newsletter , and
17:29
so that is
17:31
that's
17:33
what the articles fall under . But the
17:35
contents listing is just
17:37
a pure top to bottom
17:39
list of the titles of the articles
17:41
.
17:42
Okay , and then the summary is that
17:44
kind of your summary or kind of an extrapolation
17:47
.
17:47
That's an extract from
17:49
the actual articles to give people
17:51
an hint of what's in there , in case
17:54
they want to click on the URL or
17:56
open up the PDF and read more .
18:00
So what struck me this month is just again
18:02
just how masterful you are
18:04
and I think we've lost the art
18:06
of what's the point . Get
18:09
to the point , what is the meat ? And it just
18:11
hit me this month that I
18:13
don't know if most people realize that , but as
18:16
I've now spent so much time in this with you , that
18:18
is the gift and that's also the wonderful
18:21
value that you're providing on what you're doing
18:23
. Because as I go through
18:25
and kind of segment all the different articles
18:27
, it just starts to strike me as number
18:29
one , the title , but then number two , that explanation
18:32
. You get the gist of it . And
18:34
we do live at a time . You've got Blinkist
18:36
and all these other tools , whether they're trying to extract
18:39
the essence of a book , et cetera . You've
18:41
mastered that as far as news
18:43
articles . So I just want to pay that forward to you because it
18:46
just hit me this month that that is part
18:48
of the gift . That is Hospice News today .
18:50
Yeah , the . You know I learned
18:52
that doing news summaries
18:54
for almost 10 years for VITAS
18:57
. I knew that our senior
18:59
staff were too busy
19:01
to read everything , so I tried to come
19:03
up with a system that would let
19:06
them skim the
19:08
news quickly and pay attention
19:11
to that which was of interest
19:13
to them . You know , I would
19:15
tell folks that I don't expect you
19:17
to read everything . You
19:19
don't have to be the smartest person in Hospice
19:21
, you just have to be the smartest
19:23
general manager or medical director
19:25
or sales director or chief
19:27
nursing officer in your particular
19:30
market .
19:32
Thank you to our TCNt alks sponsor
19:34
, Deltacarerx . Deltacarerx
19:37
is also the title sponsor for our May
19:39
and November 2023 leadership
19:42
immersion courses . Deltacarerx
19:44
is primarily known as a national hospice
19:46
, pbm and prescription
19:49
mail order company . Deltacarerx
19:51
is a premier vendor of TCN and
19:53
provides not only pharmaceutical care
19:55
, but also niche software
19:57
innovations that save their customers time
20:00
, stress and money . Thank you , Deltacarerx
20:03
, for all the work you do in end-of-life
20:06
and serious illness care .
20:10
My mentor , mark , I think I've mentioned to you before he
20:12
was actually Stephen Covey's mentor a gentleman
20:14
named Dr Lee Thayer , and he taught a concept
20:16
which we teach now , until he asked we
20:19
model it with our team as the concept of need
20:21
to know , and really that's what need to know is
20:23
is what you've modeled , is what's
20:25
the essence of what you need to know from this , and
20:28
that is a skill
20:30
that , if it's woven into the culture
20:32
of an organization number one , you'll be much more
20:34
efficient , but number two , you
20:36
will be focusing on the things , that which you
20:38
need to focus on , and I think that really gets to the essence
20:41
of why you and I do this each month . So let
20:43
me jump in now , mark , from the perspective of
20:45
I love how you do it quantitatively , mine's
20:48
from the C-suite . Here's the
20:50
things that I hope you did miss this past month
20:52
, and so my top 10 themes . There
20:54
were 73 articles this month . The last
20:56
time I think I had this many articles flagged
20:59
was probably about March or
21:01
so . So I always start with Mark
21:03
. When we do an , our pre-show prep , I'm like , okay , here's
21:05
my perception . Is this kind of jive ? And
21:07
Mark affirmed it did so . The first one that I
21:09
flagged Mark was the present quarter articles . And
21:12
again , you've had the privilege of being on
21:14
his administration . That's where you've honed
21:16
some of these skills . I've been giving you a good shout out
21:18
for this morning . But the fact that
21:20
he's still alive in six months , the gift of
21:23
that , because just who he is a
21:25
former president of the United States and then
21:27
changing the perception that hospice
21:29
does not mean you're dying tomorrow . And
21:32
here he is six months later . So there are several
21:34
articles
21:36
. A fitting final gift from Jimmy Carter
21:38
is one of the ones . I just love the way that was actually framed
21:41
. President Carter reaches
21:43
six months on hospice care . Oldest
21:45
living president redefines hospice
21:48
care . So just some really great articles
21:50
given a shout out . And again I've said before
21:52
, my favorite movies is secondhand lions
21:54
being
21:57
used up in this life . And here's President
21:59
Carter making an impact even at the very
22:01
end of his life . And just major
22:03
kudos to him and just his family and we
22:06
will continue to pray for them and wish them all the best
22:08
. Next category was the hospice
22:10
regulations that you actually called out . There's
22:13
actually a fortune article that I put in that category
22:15
. Does Medicare cover hospice services ? Yes
22:18
, and here's exactly what it pays for . I
22:20
think I theorized and dreamed about days
22:22
that hospice would be covered in fortune when I started
22:24
at the age of 25 and used to
22:26
subscribe to a fortune . So I
22:28
think at some level that's interesting that we've
22:30
kind of been noticed in that way . But
22:33
then lots of articles . Cms threatens to cut hospices
22:36
from Medicare if they can't prove legitimacy . Nearly
22:39
400 hospices are considered for administrative
22:41
action as program integrity efforts . Hospice
22:44
advocacy groups call on CMS to delay
22:46
revised special focus programs . So the
22:48
SFP is probably an acronym
22:51
, c-suite leaders that you're going
22:53
to hear going forward . Hospice
22:55
industry groups CMS must reform the auditing
22:57
processes . Hospice news providers
23:00
to lawmakers Hospice has a huge value
23:02
to Medicare . And
23:04
then NHPCO this was
23:06
a news release , six month update on hospice
23:08
program integrity recommendations . And
23:11
then again Dr Bayak's article
23:13
about the hospice industry needs major
23:16
reforms . It should start with apologies
23:18
, which prompted me , mark , that is going to be our first
23:20
show of 24 . It's going to be with
23:22
Dr Ira Bayak , so that's going to be a pretty
23:24
cool show . The next category
23:27
really had one article , but I just wanted to call
23:29
it out to leaders . Nhpco
23:32
so knock and NHPCO
23:34
inch closer to possible combination . That's
23:36
pretty big for our segment . And
23:40
next one was a hill piece . The price
23:42
of elder care soars as demand
23:44
increases and the baby boomers age
23:46
, so that silver tsunami
23:48
demographic . Hopefully by now everyone
23:50
has that very pithy way of encapsulating that , because
23:53
that is going to change our world over the next 15
23:56
to 20 years as we're shifting from having care
23:58
for the greatest generation to the baby boomers , the
24:01
next category . I kind of grouped several articles
24:03
. I would call it value based care , medicare
24:05
Advantage , alternative Pair Models , and
24:08
so ACO programs have saved Medicare
24:11
$1.8 billion . I think
24:13
we're about ready to get into a season where
24:15
ACO programs are going to be a little bit more
24:17
open to partnership with what
24:20
I call serious illness providers . A
24:22
McKnight's article what exactly is value-based
24:24
care ? Many employers and consumers don't
24:27
know from a study which
24:29
is interesting , considering how many people have
24:31
actually saying that value-based
24:34
care is going to be 100% by 2030
24:36
. Medicare Advantage is another article
24:38
. Medicare Advantage linked to less favorable outcomes
24:41
and also reduced post-acute use
24:43
. Reach ACO
24:45
. So the ACO reach will change in 2024
24:48
. There's some pretty substantial
24:51
but some changes as we go forward with Reach
24:53
ACO , which actually has had some success . And
24:55
then another article about VBIT . Hospices
24:58
operate in a teeter-tottered landscape
25:00
, so that was a really interesting article . Another
25:03
article about cost control . So hospices
25:05
true north in Medicare Advantage , and
25:08
so talking about hospices being carved
25:11
into hospice Medicare Advantage and
25:13
then nursing home . Investors on the sidelines
25:15
admit higher interest rates , less
25:18
stable skilled nursing facilities
25:20
, which kind of leads to kind
25:23
of one of the next categories that I had
25:25
actually , mark , and I think you called
25:27
that out as well . There were several articles
25:29
and kind of storm clouds on the horizon
25:31
. I can remember being
25:34
hospice CEO and wondering at
25:36
some point are we going to encounter some pretty stormy waters
25:39
for skilled nursing facilities ? And
25:41
it sure feels like those are here now . So several
25:43
articles healthcare bankruptcies
25:45
or skyrocketing , but not
25:47
yet in home-based care . But really
25:49
referring to skilled nursing facilities , access
25:54
to care . Number of Medicare-certified home
25:56
health agencies continues to fall An
25:59
aqueous article . Operating
26:01
margins improve but hospitals
26:04
still face high expenses and
26:06
that was kind of quoted from Kaufman Hall . This
26:10
year will not bring a full rebound to
26:12
nonprofit hospitals . So we're
26:14
talking about hospitals and skilled nursing facilities
26:16
. Skilled nursing sector is growing
26:19
or shrinking . Problems get new attention and
26:22
, mark , this is one . Not only was in your hospice news
26:24
today , but you and I had an email exchange with
26:26
a mutual friend in rural America
26:28
. 30% of rural hospitals
26:31
are at risk of closure . That
26:33
is pretty daunting and , as you were saying , just the impact
26:36
if that actually goes , if that happens
26:38
, and the impact on local healthcare landscape
26:40
. Nursing homes , hospices and
26:42
other businesses are sold as
26:44
hospitals are refocused . Mark , you've probably
26:47
seen that throughout your career . I saw it in my career
26:49
kind of post 1995 . Hey
26:51
, let's bulk up , not bad idea , let's
26:53
now go ahead and divest of a whole bunch
26:55
of that . So I think we're going to
26:58
see a lot of that in the next 24 to 36
27:00
months . Again , rural hospitals fill
27:02
the squeeze of Medicare Advantage . Skilled
27:05
nursing news almost half of nonprofit
27:07
provider skilled back , construction on new SNF
27:10
projects . And then Wall
27:12
Street Journal , the upheaval at America's
27:14
disappearing nursing homes in charts
27:16
and there's a pretty fascinating chart in
27:18
that article . So my next category
27:21
was I called mergers and acquisitions
27:23
, lots of movement where people
27:25
maybe in the past who wouldn't have thought kind of moving into
27:28
healthcare . But Best Buy there was an article about Best
27:30
Buy grows in home care presence with assistant
27:32
services . Of course . Cvs
27:34
Health reiterates commitment to driving more
27:37
at home care in the United States . Then
27:39
a couple articles about the whole United Healthcare
27:41
and the Medicis . So the Justice
27:44
Department is providing more scrutiny because
27:46
of growing antitrust concerns . Article
27:49
from the New Orleans advocate how United
27:51
Health Group wooed and medecis and the breaking
27:53
up with option care health . And
27:55
then another interesting article and
27:58
I just really caught my attention because I literally had
28:00
an interaction with a
28:02
premier care practice in another
28:04
state that sold out to
28:06
private equity and he said it was the worst decision
28:09
of his life , destroyed his practice . But the article
28:11
was in time what happens when private
28:13
equity buys your doctor's office . So
28:15
that was kind of the next category . And
28:18
then powder care . There are several good articles
28:20
how powder care generates savings and boosts
28:22
hospice utilization . I can
28:24
remember the days we dream of kind of being the pioneers
28:27
of four seasons where you get some great press
28:29
coverage about powder care , basically
28:31
saving money to the broader healthcare system
28:33
. And now we're getting some good coverage why
28:36
MA plans are investing in powder care as a
28:38
supplemental benefit . That's one that caught my eye
28:40
and this was an interesting one . The US
28:42
prison system is struggling to keep up with the
28:44
growing need for powder care . And
28:47
then kind of rounding out my top 10 staffing
28:50
is always work . We're probably it's
28:52
going to probably never be a month where we don't call it out
28:54
. And this probably was the largest volume of
28:56
articles and I'll try to cite just a few because I think
28:58
I've got like 20 . But senior
29:00
living court approves class action status
29:02
for ALF staffing lawsuit . Us
29:06
women miss out on 627
29:08
billion by not getting paid for caregiving
29:10
. I kind of put that in the staffing category
29:13
why we need more resources for caregivers
29:15
, especially those for immigrant families . Everyday
29:18
people nurse finds new purpose in hospice
29:20
care is a really good article . I thought of kind of
29:22
, hey , this is some very purposeful work . Image
29:26
of nurses as healthcare heroes is daunting
29:28
and inspiring to students . New
29:30
Medicare proposal would cover training for
29:32
family caregivers . Healthcare
29:34
workers at high risk of drug overdose
29:36
I thought that was kind of interesting . Care
29:39
employment rate rises but providers still
29:41
anticipate hiring difficulties . There's
29:44
a modern healthcare article staffing shortages
29:46
may worsen again and here's how hospitals
29:49
are preparing . And then as
29:51
healthcare moves into the home , do we have enough
29:53
workers ? Yeah , definitely not . Hhs
29:57
invests 100 million to bolster the nursing
30:00
workforce , preparing the next
30:02
generation for nurse leaders . Nursing
30:04
shortage is tied to burnout . 50%
30:07
of nurses have a side hustle to earn
30:09
extra income . So just a lot
30:11
of articles in that category and then my
30:13
kind of honorable mention category . There are
30:15
a couple articles about death doulas Mark , you're really
30:18
kind of one of the ones , kind of maybe put
30:20
that on my radar screen . This
30:22
is one that was interesting . Everyone dies . End of life
30:24
dualists can help us process it . And
30:26
there was another one about can a death class make
30:28
life more worth living ? And these students
30:31
think so . It was about death dualists . Couple
30:33
articles about dementia care and maybe I'm just a little
30:35
bit more attuned to that . We're
30:37
going to do a show on dementia as we get towards
30:40
the end of this year . So there are a couple about college
30:42
students change the lives of people with dementia . Cms
30:45
involves a program to improve dementia care and
30:47
ease unpaid caregiver strain . And
30:49
then an article so kind of shifting to another category
30:52
, the average cost of healthcare data breach
30:54
reaches now $11 million . That's
30:56
another theme that we've called out on this show . And
30:59
then the article you mentioned , mark , how Bruce Springsteen
31:02
and 18,000 strangers helped me mourn my
31:05
mom . It was a great article . Another
31:07
interesting article as far as a niche Florida's
31:10
first LGBTQ and centric assisted
31:13
living community actually opens , and
31:16
then a Cumberland couple's hospice care
31:19
has ended but their need for it is not , and
31:21
really kind of bemoaning being
31:23
discharged because the patient's
31:25
not declining . Then an article in
31:27
the USA today about a my doctor so is my mother
31:29
when she got cancer . I realized
31:31
how little that mattered which
31:34
is interesting coming from a doctor to say that but
31:36
it was a very touching article . And
31:38
then one again you put on my radar screen that I
31:40
watch for Senators pushed IRS
31:42
to launch non-profit hospital probe
31:45
. That's when we're going to have to continue to watch . And
31:48
then in New York are the hidden harms
31:50
of CPR . And
31:52
then human composting Mark , I was
31:54
looking at something last night , so the article is turning dead
31:56
bodies into soil . There's a fascinating
31:59
I don't look at social media very often and I almost
32:01
screenshot it but it took like
32:03
in all these futuristic movies and it
32:05
put like what year the futuristic movie
32:08
and where we're pegged right now was Soylent
32:10
Green and I thought I don't think that's a good thing
32:12
and it actually went all the way into
32:14
like 2300 or something like that . And
32:17
then the last one that I had to call out my
32:19
good friend Carol Fisher , who's
32:21
the president of MPHI
32:24
. Carol Fisher hosts Global
32:26
Trending True Crime Podcast
32:29
, the Girlfriends . Carol's been number one in
32:31
the US and the UK , which she's
32:33
such an amazing human being and
32:35
spent the vast majority of her life in hospice and
32:37
power of care , but also calling
32:39
out just domestic abuse
32:42
and just using this podcast as a beautiful
32:44
platform , and so so that's
32:46
mine , mark . Any final comments from you ?
32:50
And the diversity of
32:52
issues that have
32:54
an impact on the C-suite
32:57
really speaks to the need
32:59
for healthcare
33:01
leaders , hospice leaders , to
33:04
get out of their tall , narrow
33:06
silo and look over
33:08
the edges of it and see what is going
33:10
on outside of the four walls
33:12
of their particular
33:14
provider business . And
33:16
this was a great month to make that argument
33:19
. And it makes the argument that if
33:21
you're not doing this on
33:23
your own or subscribing to Hospice News
33:25
today , your competitors who
33:27
are have a significant advantage over you .
33:31
That's well said , mark . In fact , that's probably something
33:34
I would definitely want to highlight . This month , we had a couple
33:36
of people ask and say hey , how can we get a copy
33:38
of the articles that you and Mark actually cite
33:41
? So , in the summary
33:43
that we put out with the podcast , you're going to have my email
33:45
, mark's email email , either one of us . We
33:47
could get you a list of the articles and , most importantly , mark
33:49
can get you actually subscribed to Hospice News today
33:51
. If you're not , I strongly recommend
33:54
it . I don't know how I could do my job
33:56
if I did not , and if I
33:58
was a hospice CEO or any C-suite leader
34:00
, this would be required reading on a day to day basis
34:03
. I do it before I hit my eight o'clock each morning
34:05
. It's kind of one of my last things , as I
34:07
have in my morning ritual Get
34:09
. That gives me a framing for the day and then I'm off
34:11
to all my tasks for the day . So , mark , thank you for
34:14
the service that you continue to provide to
34:16
the Hospice and Power Care segment with the work
34:18
that you do .
34:19
Happy to do it and happy to be on the podcast
34:21
.
34:22
All right . So I'm going to close with this quote , right , this one
34:24
by Mark . And so my daughter loves to Dwayne
34:26
"the rock , johnson . So from the
34:28
rock , when you focus on you , you grow
34:30
. When you focus on shit , shit grows
34:32
. Thanks for listening to TCNt alks
34:35
.
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