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Top News Stories of the Month of August, 2023

Top News Stories of the Month of August, 2023

Released Wednesday, 6th September 2023
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Top News Stories of the Month of August, 2023

Top News Stories of the Month of August, 2023

Top News Stories of the Month of August, 2023

Top News Stories of the Month of August, 2023

Wednesday, 6th September 2023
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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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