We’re doing things now that we’ve not done in the past. The transaction marks St. Croix’s entry into the Missouri market. I was also very drawn to the interdisciplinary approach that we have in hospice and also the relationship you can develop with patients and their families when they’re on hospice. While the COVID-19 pandemic has weakened M&A activity in some industries, that is not the case for hospice. document.write(new Date().getFullYear()); I remember thinking how refreshing it was to be able to focus on making people comfortable and at peace versus managing a lot of alarms and tubes and those types of treatments like I was in my previous role. I would encourage more people to become nurses, which might be kind of hard to do during a pandemic. We’re wearing significantly more [personal protective equipment] and doing more phone outreach and telehealth. The company's hospice services facilitate and reduce the symptoms of a disease and provide emotional, spiritual and physical support to the patient and family that are tailored made for one's individual needs by coordinating with its primary physician and in compliance with … Executive Director Stephanie Clark will be staying on as a clinical leader. Our interdisciplinary team is having to overcome a lot of understandable barriers. Despite everything that’s going on with the pandemic and the challenges that we currently face, I still think this is a remarkable time to serve in this field and I just look forward to continued growth in hospice and advancements in all areas of end-of-life care. 3 Shop Our Web Store. Explore your favorite photos and share your pics to be seen right … © Hospice News All rights reserved. We were looking at various clinical care programs that we wanted to do. St. Croix Hospice is a great growing company to work for. I think looking into 2021 I mean, I just think the focus on quality is increasing as well as the focus on technology. St. Croix Hospice is among the providers boosting their infection control procedures. The candidate must be a high-performing employee who is 40-years-old or younger, a passionate worker who knows how to … And I truly believe in that sentiment; I believe the patient always comes first. The new location will care for patients in nine Iowa counties. St Croix’s growth strategy will continue to focus on the Midwest. To learn more about the Future Leaders program, visit the Future Leaders homepage. . 1 Visit A St. Croix Retailer. I know that there will be changes in the future, but I think that hospice will continue to grow as an industry and that the value of hospice not just to the people that we serve, but to the health care community as a whole will become more and more clear over time. Hospice News is part of the Aging Media Network. Minnesota-based St. Croix Hospice has purchased Serenity Care Hospice in Harrison, Mo., for an undisclosed amount. “A lot of the referral sources that we have, health systems and hospitals, are looking for that opportunity to have a one-call provider of choice. 4 Visit Our Factory Store. That probably wouldn’t have been my answer at the beginning of the year, but at this point, hospices are still operating under some extended waivers. . But those private equity groups aren’t able to invest in most other industries right now because the banks aren’t lending into them. St. Croix operates locations throughout Kansas, Minnesota, Missouri, Nebraska, Iowa and Wisconsin, and will likely draw the eyes of prospective buyers in the currently robust hospice mergers and acquisitions market. “Hospice is going through a cultural change where some of the smaller programs are starting to get worried about Medicare Advantage and the competitive nature that hospice is developing in some of these markets. Croix was already an attractive platform when Vistria acquired it in 2017. Swashbuckling feats of high adventure bring a joyful tear to his salty eye. As I said, quality is a big driver in the hospice industry right now. document.write(new Date().getFullYear()); Jim Parker is a subculture of one. Eventually I came across an opportunity to work as a nurse case manager at a new agency, which is now St. Croix. St. Croix Hospice is a portfolio company of Chicago-based private equity firm The Vistria Group. I think hospices will have to be very competitive with employee engagement, support, and compensation. Minnesota-based St. Croix Hospice has purchased Serenity Care Hospice in Harrison, Mo., for an undisclosed amount. Croix was already an attractive platform when Vistria acquired it in 2017. “St. ST. Croix Hospice LLC. Some don’t have the resources from a marketing perspective, from a centralization of operations perspective, to really be able to pay some of the salaries that are really required to hire the best skilled clinicians to go and take care of those fragile patients,” Bartness said. “Serenity Care is a high-quality program serving Missouri. A Chicago-based journalist who has covered health care and public policy since 2000, his personal interests include fire performance, the culinary arts, literature, and general geekery. The biggest lesson that I’ve learned is that if you put the patient at the center of your decision making it’s really hard to go wrong. Hospice News is the leading source for news and information covering the hospice industry. The transaction marks St. Croix’s entry into the Missouri market. But we are going to need them, especially in hospice, as the baby boomer generation ages. This has already made things different, and I think much of that will continue into 2021. Mandy Cogswell, chief clinical officer for Minnesota-based St. Croix Hospice, has been named a 2020 Future Leader by Hospice News parent company Aging Media Network. They weren’t as applicable now as they were at that point in time. Trademark Date; ST. CROIX HOSPICE Hospices : 11/30/-0001: See all trademarks and details in the Full … All rights reserved. A Chicago-based journalist who has covered health care and public policy since 2000, his personal interests include fire performance, the culinary arts, literature, and general geekery. Serenity Care will rebrand under the St. Croix name, but the timing of that transition has not yet been determined. The candidate must be a high-performing employee who is 40-years-old or younger, a passionate worker who knows how to put vision into action, and an advocate for seniors, and the committed professionals who ensure their well-being. If there’s one thing you could change with an eye towards the future of hospice, what would that be? Serenity Care Hospice serves about 100 patients daily in five Missouri counties. The company has a great mission and values, supportive co-workers and managers, good benefits and good work/life balance. . Hospice News is the leading source for news and information covering the hospice industry. Headquartered in Minnesota, the company’s locations also span across … But the focus was so heavy on quality we’ve taken an approach to adopt as much technology as possible to drive not only quality, but our efficiencies, resource allocation — all those things that help us be the best that we can be. Hometown consists of three hospice and home health operations in eastern Wisconsin. Provider of hospice programs and related services. The company opened two new locations in Iowa a month apart in May and June, as well as five others within the past year in Wisconsin, Nebraska and its home state of Minnesota. To become a Future Leader, an individual is nominated by their peers. I’m constantly learning and problem solving, and I do so with the patient at the forefront of my mind. We offer end-of-life care and advocacy to you, your family and caregivers across Minnesota, Wisconsin, Iowa, Nebraska, Kansas and Missouri. is focusing on its existing business rather than expanding into new products and markets. Receive industry updates and breaking news from Hospice News, Charter Health Acquires Two Hospices in Colorado, Utah, As CMS, OIG Audits Continue, Hospices Prepare Themselves, Hospice in Value-Based Care: From the ACA to the MA Carve-In, Primary Care First. Hospice doesn’t have that issue, so the demand for hospice among PE groups is even stronger.”, Mertz-Taggart, St. Croix Hospice, The Vistria Group. At that time, they were serving 1,100 patients across five states, so it was a sizable multi-state company with a strong executive team,” Cory Mertz, managing partner with the M&A advisory firm Mertz Taggart, told Hospice News. We cannot do our work without great nurses. Jim Parker is a subculture of one. The Future Leaders Awards program is brought to you in partnership with PointClickCare. We reach out to patients who may not normally seek out end-of-life care, and never turn away … We have more barriers that we have to overcome. I worked on a ventilator unit and managed multiple life-sustaining treatments for patients that really were not getting better. One of the things that our CEO [Heath Bartness] often says is that we only get one chance to give each patient the best possible end-of-life experience. Another big driver that I mentioned is our use of technology to improve quality, operations, and compliance. Having been doing this now for more than 10 years, I still come across new situations with my team, new circumstances all the time. A spokesperson representing Vistria Group made no comment to Hospice News about its plans for St. Croix. What do you foresee as being different about the hospice space as you look ahead to 2021? St. Croix Hospice, a portfolio company of the Chicago-based private equity firm Vistria Group, has opened a de novo location in Iowa, continuing the company’s expansion across the Midwest. Trademarks may include brand names, product names, logos and slogans. document.write(new Date().getFullYear()); Visit A St.Croix Retailer. 3 Shop Our Web Store. All rights reserved. © Hospice News The company has no plans to expand its operations beyond that region, but with more potential transactions in St. Croix’s pipeline further Midwestern expansion is likely in the works. “Hospice remains hot and, unlike many health care industries or other industries in general, it is structurally sound and, relatively speaking, thriving during COVID times,” Mertz said. I think the future of hospice is very bright, and we are a tough industry that continues to evolve despite multiple challenges. Our nursing workforce itself is aging, and it’s really not growing fast enough to replenish the older nurses who are reaching retirement age. Receive industry updates and breaking news from Hospice News, Charter Health Acquires Two Hospices in Colorado, Utah, As CMS, OIG Audits Continue, Hospices Prepare Themselves, Hospice in Value-Based Care: From the ACA to the MA Carve-In, Primary Care First. A lot of times the patients they are needing to place are on either side of the river, so being able to provide service to both sides of the river is certainly something that we were being asked to do and that we were fortunate enough to be able to commit to doing.”. How would you describe the future of hospice as you see it? In August of last year, the company also acquired Brookfield, Wis.-based Hometown Hospice & Homecare for an undisclosed sum. 4 Visit Our Factory Store. What would you say is the biggest lesson that you’ve learned since you began your career in hospice? I think back to some of the initiatives that we had when we were doing our strategic planning for 2020. Five Missouri counties initiatives, but COVID-19 has taken a forefront and has made things different, and.... Great st croix hospice owner and values, supportive co-workers and managers, good benefits and good work/life balance personal equipment. 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