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A Break for Hospice Providers – Analyst Blog

Zacks Market Commentaries (February 20th, 2009) Writes:
Highlighted stocks include Odyssey Healthcare Inc. (ODSY), Chemed Corp.  (CHE) and Gentiva Health Services, Inc. (GTIV).A Moratorium for Medicare Cuts to Hospice ProvidersThe nation¹s hospice community claimed a significant victory this week after President Barack Obama signed a bill (H.R. 1-The American Recovery and Reinvestment Act of 2009) into law that includes a one-year moratorium on cuts in Medicare funding for the more than 4,700 hospice programs nationwide.On April 28, 2008, CMS [Centers for Medicare &  Medicaid Services] had proposed a 3-year phase-out of the budget neutrality adjustment factor (BNAF) to the hospice wage index, a key component of the Medicare hospice reimbursement formula. CMS proposed phasing out the BNAF by 25% in 2009, 75% in 2010 and completely in 2011.CMS issued a final rule phasing out the budget neutrality factor that is included in the computation of ...

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