Hospice News May 16, 2024
Addus Homecare Corp. (NASDAQ: ADUS) is seeing constrictions on growth start to ease in its hospice business.
Many of those headwinds were associated with lingering effects of the pandemic. Like many hospice providers, Addus has faced COVID-19 challenges that include reduced patient volumes and shorter length of stays. Now, the company’s hospice rebound is starting to accelerate, CEO Dirk Allison said during the Bank of America Securities Health Care Conference.
“There have been some near-term headwinds. During COVID, there were a lot of excess deaths for that population segment that would be eligible for hospice and would have been receiving hospice benefits. I think that that’s largely subsided,” Allison said. “And if you look at just the admission volume, you’re...
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