Offering Overview-MTH 082315

"With the right partners, together we can grow in an industry which shows potential like never before. That's especially true in Denver." Mike Nicholas

Summary

As America’s World War II generation passes away and the Baby Boom generation rapidly turns grey, hospice has become a growth industry. Demographics support the need for additional hospice care companies. According to the Department of Health and Human Services, the United States' population aged 65 and older is expected to more than double between 2010 and 2050 or from 40.2 million to 88.5 million. While industry data is fragmentary, in 2009 about 33.5 percent of Medicare beneficiaries who passed away died at home according to a study published in the Journal of the American Medical Association earlier this year. Of those, 42 percent died in hospice care as compared to only about 20 percent in the year 2000. Information from the National Palliative Care and Hospice Association shows an increase from 7.4 percent to 26.4 percent of the number of total deaths under all hospice-administered programs occurring in hospice in just one year. So acceptance of hospice care has grown and is growing. Increasing need requires additional hospice care providers, however, obtaining Medicare certification makes it difficult for new hospice services to start up where needed. Mother’s Touch management team has the experience to achieve Medicare certification and do so faster than average using lessons learned from their prior hospice start-ups. Mother’s Touch will make full use of 15 years of administrative and accounting experience and 7 additional years of hospice management experience to efficiently deliver quality service at optimum cost. Federal Medicare spending on hospice care has grown at a compounded annual rate of 16 percent from 1999 to 2011 which is up from just $2.4 billion at the beginning of that period to $13.8 billion at the end. Over that same period the number of hospice providers grew from 2,303 to 3,585. The 65+ population in the 4 counties targeted by Mother's Touch in Denver is expected to double over the next 15 years. This is due to some extent to the changing attitudes about death. No longer a topic of dread and denial hospice is becoming a mature family topic up for discussion. Palliative care professionals have changed their attitudes and their discussions with families have helped change families' attitudes. Increasingly a family dialogue resulting from physician discussions and from more information that is more readily available has also shifted families' attitudes as they became more enlightened about the subject; it all helps them come to terms with their aging family members, their needs, and to seek out and accept information about hospice.

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