Hospice News May 6, 2021
Trends in market share growth can demonstrate how well hospices were able to recover from the headwinds brought on by the coronavirus pandemic. New data from Trella Health indicate that in many cases large national organizations were able to return to pre-pandemic admission levels faster than smaller companies and nonprofits.
Nationally, Amedisys Inc. (NASDAQ: AMED) saw the largest increase in market share between the second and third quarters of 2020 with 7% growth. In Trella’s state-by-state analysis Amedisys was among the three highest gainers of market share in six markets: Louisiana, Maine, New Jersey, Pennsylvania, Rhode Island and South Dakota.
Promedica Health System, Bayada Home Health Care, Elara Caring, Compassus and St. Croix Hospice were also national leaders in...