Most Hospice Facilities Are Owned by for-Profit Firms
Dec. 7, 2022
According to Fortune Magazine, two-thirds of hospices nationwide are now operating as for-profit entities. The company that owns Roto-Rooter also runs Vitas, the largest for-profit hospice provider in Texas. The Medicaid Payment Advisory Commission found that for-profit hospices had Medicare profit margins of 19% in 2019, compared with 6% for nonprofit hospices.
You can determine if the Hospice facility near you is for-profit or non-profit as well as ratings at this link: www.medicare.gov/care-compare/?guidedSearch=Hospice