average cost of hospice care per day
According to these data, hospital based (HB) hospice costs per day are 44 per cent higher than home care (HC) hospice costs per day ($95 versus $66, respectively). In addition, per patient hospice costs are 24 per cent more for patients enrolled in HB than in HC hospices ($5,890 versus $4,758, respectively).
Hospice Care is very cost efficient when compared to care in a hospital or skilled nursing facility. A Duke University study showed that hospice services reduce Medicareâs hospital costs by an average of $2,309 per patient.