The pandemic exposed healthcare’s lack of trained professionals and the need to increase the use of systems that can enable autonomy and better communication capabilities. The U.S. hospice market size, estimated at $35 billion in 2022, is forecasted to grow to $65 billion by 2030, making the hospice sector within the healthcare industry one of the fastest-growing matured industries in North America, especially in the post-COVID pandemic era.
All About The Agreement
This is why Parrish Palliative and Hospice Care have entered into a new business venture which is set to add significant scale to Blackstar Investments Inc (BSI’s) presence in the Healthcare industry. This new partnership will help these companies improve the needs of hospice patients, either within their own homes or at strategic healthcare centers of choice, with advanced technology while minimizing human errors.
What Is Hospice?
Hospice is intensified comprehensive care for patients with a terminal diagnosis. It is intended to meet the medical, psychosocial, and spiritual requirements of terminally ill patients, as well as their families and loved ones. This type of care, which is generally provided by a group of specialists, focuses on pain management, coordination of care, communication, decision-making, and quality of life and the afterlife.
Who Pays For Hospice?
Medicare pays 100% of the amount for Hospice care as most price insurance plans already cover hospice coverage.
How Is The Hospice Market In Ohio-Michigan Area?
While the Hospice market in Ohio-Michigan is largely dominated by a few industry giants such as Hospice of Northwest Ohio and ProMedica Hospice, few private companies have expanded there to date. Parrish Hospice Care is ideally positioned to offer patients full hospice care capabilities, compassionate care, and exceptional personal service. Partnering with Blackstar Investments will also provide Parrish Hospice Care with a local and personal connection with patients in the heart of the Northwest Ohio-Michigan region. This will enable the growth of both business partners locally as this one-of-a-kind investment promises 75% ROI over 3 year period.
“We see the hospice market in the Northwest Ohio-Michigan region as a major opportunity to fulfill our passion for the industry whiles supporting the growth and success of our bottom line,” said Mr. Emmanuel, President of Blackstar Investments. “The launch of this partnership earlier this year was a very important milestone in the strategic principle of diversifying our portfolio in the United States and also on the world stage.”
“I am delighted to be leading the business in such an important market, and I’m looking forward to building on our success across Northwest Ohio-Michigan, and partnering with ambitious businesses to help them reach their potential.” He emphasized.
The expansion efforts in the Northwest Ohio-Michigan region will be led by Reneesha Parrish, RN, BSN, a Home Health and Hospice guru with 25 years of experience. Emmanuel Tenkorang, PMP, MS, a globally experienced project manager and investor with a demonstrated history of growing businesses in the technology and services industries, will be another leader supporting this expansion.
About Parrish Palliative & Hospice Care
For more information, visit: www.parrishhhc.com
About Blackstar Investments INC
For more information, visit: www.blackstarinvestments.com.